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Once you've identified a trading opportunity, the next step is to decide EXACTLY when to buy - and this is where many traders go wrong.

Here we explain how to incorporate better market timing into your FOREX strategy - so that you can make bigger profits.

Most traders time their entry levels incorrectly, so here's the right way to do it:

Using Support and Resistance Correctly

A basic wisdom of market timing is "buy low, sell high" - well, the reality is, if you try this in FOREX trading, you'll end up losing money. First, let's define what support and resistance means

A support level is a historical price that traders come in, and buy to "support the market"

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ell High doesn't Work

"Buy low, sell high" is accepted wisdom by the majority of traders - but this logic is fundamentally flawed - use it in FOREX trading, and you're asking for trouble. Why? - If you wait for a pullback, you're going to miss some of the biggest moves.

Think about it - what if a currency starts to trend and doesn't pullback? (How often have you seen this?) If you're waiting for a pullback that never comes, you'll never get in on the trade

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