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Most traders spend a considerable amount of their trading time trying to find an entry technique which will give them the highest probability of long term success in on-line Forex trading. An entry point that will go positive as quickly as possible and reach the transactions target as quickly as possible. Although we can not guarantee that you will find an entry technique that achieves the above goal it will open your mind to some of the techniques that are being employed by Forex Traders.

Essentially most trading entry techniques can be grouped into 2 main groups:

1. Techniques that follow a breakout philosophy where traders believe that the price will start trending strongly and continuously after breaking through support or resistance. These traders can be regarded as breakout traders.

2. The other philosophy is that price stability is more important and the price will remain in contained ranges while trading sideways or even when trending. These traders believe that the price will respect support and resistance levels and bounce back from these levels. These traders are regarded as retracement or retractment traders.

Somewhat related to the philosophies is that certain entry techniques work very well in sideways trading markets and others in upward or downward trending markets. It is therefore very important that traders are competent at assessing the market conditions and using the appropriate techniques.

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