Wait for the candle to close

Wait for the candle to close; this is probably well-known to most traders but a lot of visitors to this site, including myself are new to forex. 

I have to claim ignorance to the fact that I regularly open short or long positions without waiting for the candle to close because I never really knew otherwise.  From everything I’ve been reading including a video I’ve been watching today, this point could not be more important.  Whether your trading the 30-minute, 60-minute, 240-minute, daily or any other time frame, the close of the candle is most important.  Not doing so can result in being on the wrong side of the market. 

I’m watching "High Probability Trading Triggers for Entering Trading Positions" by John Person.  Person mainly demonstrates the use of candlesticks and pivot points to identify turning points or trending conditions.  You’ll need to register to view the video but it is free.

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