When to Enter and Exit Your Trades

We will be looking at 3 different ways to day trade the Forex Markets. In a
trading session, you may look for 1 or more of these approaches. The 3
techniques are as follows:
1. Trade the Breakout
2. Trade the Trend
3. Trading Tops and Bottoms
Before we look at these trading approaches, let’s answer a question that is often
asked by new traders.
When is the best time to trade?
Because the Forex Market is open 24hrs a day, and traded on a global scale, the
question to ask is, ‘when should I trade?’. The good news is that no matter what
time zone or hemisphere you live in globally, there are always good opportunities
to trade.

The three major trading ‘sessions’ are as follows (all in Eastern Standard Time):
1. New York open 8:00 AM to 4:00 PM
2. Japanese/Australian open 7:00 PM to 3:00 AM
3. London open 3:00 AM to 8:00 AM

**Often, the best times to trade is at the beginning 3-5 hours of the above
mentioned opening times, because the major currency pairs tend to move
the most in a particular direction.

The first DayTradeForex.com trading technique we will look at is the easiest to
recognize on the charts. We will call it ‘Trade the Breakout’. You can use the 5,
10 or 15 minute charts for this method. The indicators on the 5 minute charts
are the fastest. Practice until you feel comfortable with the time frame that suits
you best.

[Why ForexGen?]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.