Much like the exit strategies, entry strategies are also very important in trading. Each person has a different trigger that pushes him to become a trader. You do not always have to be a professional trader in order to have the best trading entry strategies. Even if you plan to trade with a small sum you should be able to identify the right window to enter the field.
Entry into trades is, in fact, more important and can be a tougher decision to make than the exit itself. If you are trading for the first time, then along with your knowledge in trading you would also need a little exposure to the live market. For that, the trading systems like Fintech LTD would help you start with confidence. This source will give you all the information you would need to know about these trading systems.
End of the day can actually be a good time to enter
Unlike a common belief, not all trades are great to be entered into when the session opens. You could instead watch the market and the price changes to observe whether the pattern is in line with the historical pattern or if there are reversals. This analysis, when compared with the historical data of a larger time frame, would help you take better entry decisions
Limit orders are good
Limit orders are used as trading entry decision pointers by most of the traders. The price limit you set would be above or below the current market price based on whether you plan a long-term or a short-term trade order.
Points that you choose
When you have the price chart of the chosen stock at hand you should be able to find the ideal location that is good for trade entry. All the key price changes and the current direction of the trade should all be taken into account. The support and resistance levels are worth monitoring as well. These are also the price points that beginners can easily identify. But there might be others located closely around and the professionals with a little experience would instantly be able to identify such interesting price changes and grab the chance.
No matter which trade entry strategy you use, your efforts do not end there. Keep a checklist for your trading and make periodical observations so as to ensure that your strategies are aligned with the actual flow of the market.