Never wait for an exchange rate to fall to the floor or sour to the sky

Never wait for an exchange rate to fall to the floor or  sour to the sky

Choose the entry and exit time for each bid carefully. Successful forex traders learn to enter the market at an optimal time and most important they are vigilant and preset their exit point before entering it. Part of a good strategy is to set, the enter and exit point, and in the case, the trader misread the market signal. Establish an emergency or stop losing point. Waiting for an exchange rate to be the lowest to buy or the highest to sell, could make you lose the momentum. The enter and exit point must be selected base on the technical or fundamental analysis.