How to determine the perfect forex trade entries is one of the most important aspects of any trading session.

With good trade entries, you can make massive profits from your trading.

The quality of your trade entries can make or break your trading career. It will not only determine the profits you make during the trading session, but it will also determine the placement of stop loss orders at the right time.

So, if you are a novice and still wondering how to make a perfect forex trade entry, then you have landed on the right content.

Here are seven secrets, which can let you enter your trades perfectly in the forex market.

1. Use of a limit order is nice way to get better price!

Using a limit order is one of the safest ways of rolling in the trade.

If you want to enter a long order, you can place limit buy entry at a price below the current market price. You will automatically enter the trade if the market price rolls down.

On the other hand, if you want to enter short order, then you can place a sell limit entry at a level above the current market price. You will automatically enter the trade if the market price rolls up.

2. Try setting up your trade entry at the end of the day!

Making better trade decisions usually calls for keeping your psychological fluctuations in check.

For example, if you are setting up your forex trade entry at the end of New York close, then there are high chances that you will experience minimal mental noises and chaos.

Besides, it’s better you check your trade entry only once or twice a day. This is a great measure in restricting all the temptations to fiddle with your entry.

3. Try making an entry after checking the Trend, Level and Signals!

The “TLS” principle is a good way of making perfect trade entries in the forex trading market.

To begin with, you study the prevailing market trend. Secondly, you determine the key levels of trading within the trading session. Lastly, you look for positive signals generated by the currency pair.

The chances of making profitable trades increase when you look for these three things before entering a trade.

4. Simple trading checklist can be of great help!

It is very important to have a simple trading checklist, which should be followed religiously. This checklist or plan of action can help you in separating good trade signals from bad trade signals.

The checklist can outline the types of currency pairs you are comfortable trading, the time frame that gives the most reliable signals, and risk management criteria.

You can use the checklist to prevent any kind of confusion and temptation for the trade.

It is advisable to stick to simple trade entries that suits your plan rather than trying luck in some of the complicated entries.

5. Flow with the tide!

Most successful traders simply flow with the tide!

Any trading strategy may not fetch you huge profits every time you make an entry. Similarly, stubborn or inflexible behavior with the market can also prove to be quite disastrous and make you have a bad day.

It is always advisable to flow with the tide. You should change your trading techniques as per the current trend in the market.

A person who is flowing with the tide has large possibilities of reaching the shore of profits in the end. It is better to keep yourself flexible and mentally prepared to accept all the changes coming your way.

6. Diversification of portfolio!

According to experts, one of the most important tips for making a perfect trade entry is diversifying the portfolio.

Keeping all your eggs in one basket can be harmful at the time of emergency or crisis. Therefore, the best entry for the day is when you diversify your portfolio and keep a plan B ready for the time of crisis.

For example, when trading EUR/USD doesn’t seem to be a good idea, look for trade opportunities in USD/CAD.

Investment in a similar currency pair every time can give you huge profits or huge losses. Diversification of portfolio can help you in balancing your earnings in the currency market.

Experts also suggest that a trader should always invest in strong currencies in an uptrending market and weak currencies in a downtrending market.

7. Following intraday trends has its own benefits!

Many of the trade analysts have a firm belief that following intraday trends in a given trading session can prove to be very helpful in the long run.

It does not mean that intraday tips trends will last forever and things will not reverse or change in the trading period.

It is often seen that intraday trends remain the same for at least  two to three trading sessions.

Smart traders who take full advantage of the given opportunity can end up making perfect trade entries and earn huge profits in the end.

So, keep your eyes open and follow the intraday trend in the market to reap maximum benefits from your forex trading activities.

Conclusion

Success in trading currencies online requires great sobriety, quick decision making, and thoroughness. No one factor can make you successful in the forex market.

Even after you have kept in mind all the rules and mantras given by the experts, you may still make mistakes out of sheer nervousness.

Therefore, it is very important to be attentive and keep your eyes open so that you can easily recognize any potential profitable signals, currency pair fluctuations, or changes in the market trend.

With consistent, profitable forex trade entries, you can reap big returns from this business.