Entry and Exit Points

Trading in forex is a risky business. In fact, 90% of the traders in forex suffer losses each day. The reasons can be traced to bad decision making, terrible luck or due to the lack of training and knowledge of the forex market. However, each day sees more and more people investing in currencies with the dream of making it big. Trading here is not so simple. It requires complete knowledge of where to invest the money and, more importantly, when to invest it and when to take it back. Such entry and exit points can be found by using ‘Pivot Points’.Such pivot points can be used by a trader to figure out when to enter a particular trade and when to exit it, in order to attain maximum profits out of that trade. Recognizing such points is not so easy and often requires a lot of practice.Using...