How to skillfully find entry points and payment points [Currency Demon]

By the way, what is your readers' trading win rate?

Forex trading is a world of two choices: whether the price goes up or down, so many people may have around 50%. By the way, in my scalping trading, my win rate is in the 70% to 80% range, but I also have friends who are day traders with win rates in the 50% range and swing traders in the 30% range.

Generally, the shorter the trading horizon, the smaller the profits when you win, so if your win rate isn’t high, you won’t have any profit left. On the other hand, for swing trades or position trades held for a long period, a single win is significantly larger than a loss, so you can be profitable by winning only a few times.

In other words, the win rate required to accumulate profits varies depending on the trading style.

However, one thing is certain: the shorter the time until a single trade completes, the more inevitable the impact of spreads and fees becomes, so entry and exit points require high precision.

Therefore, in this article, we will introduce how to target points that increase the win rate, using my scalping method as an example, explaining “how to find entry points and exit points effectively.”

Table of Contents

1. A method that mainly targets rapid rise or fall and the rebound afterward
2. Enter only after confirming a peak in up moves or down moves
3. Do not decide exit points according to your own convenience
4. Daily facing the currency market and feeling it with your senses

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※ This article is a revised edition of an article from FX攻略.com, August 2015