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Trading By Moment

When you're trading, it's important to keep your emotions in check and not rush into making decisions. One key to success in trading is patience and waiting for the right moment to enter the market. Sometimes, we may be too eager to take positions because we're tempted by seemingly attractive price movements. However, it's important to remember that trading with emotions can endanger our accounts.

There are several ways to identify the right moment to enter the market, depending on the trading approach you choose. For technical traders, some conditions that can serve as indicators are breakouts and divergence.

  1. 1. Breakout

  2. A breakout occurs when the price surpasses significant support or resistance levels, often after a consolidation or sideways period. Trading breakouts allows us to capture market momentum as prices move strongly after surpassing previous boundaries. Breakout moments are marked by significant price spikes or drops, which can be profitable trading opportunities if you can enter the market at the right time.

  3. 2. Divergence

  4. Divergence happens when there's a discrepancy between price movements and oscillator indicators such as MACD or RSI. Identifying divergence can signal a trend reversal or continuation. By paying attention to divergence, you can make trading decisions based on price movements that may not be apparent from technical indicators alone.

  5. 3. Trading Based on Fundamental News

  6. For fundamental traders, the right moment to enter the market is during the release of high-impact economic news. Fundamental news such as Non-Farm Payrolls, Trade Balance, and interest rate decisions can have a significant impact on market movements. It's important to monitor the economic calendar to know the schedule of news releases and anticipate their impact on the market.

  7. By recognizing the right moments to enter the market, you can avoid mistakes caused by emotions and increase your chances of success in trading. Additionally, setting weekly trading targets can help you maintain discipline and manage risks better. So, remember not to rush into trading decisions and always stick to the trading plan you've devised.

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