There are many elements that affect the success of the deal, the most important of which is knowing the most appropriate time to enter and exit, so the trader must be fully aware of the exit point before entering the deal, as it seems at first glance that finding a good entry and exit point is difficult, and the importance of determining the entry and exit points lies From each trade in determining the profit or loss, defining the points of exit from the trades in advance helps in managing the risks of your trading account.
And that technical analysis helps to search for patterns and trading signals that indicate the direction of the market, and fundamental analysis to know the basic factors such as economic news and reports that affect the financial instrument, as the two analyzes also have a great impact,
The success of the deal is related to the trader’s psychology, where the psychology affects decision-making if the trader feels fear, greed, and continuity in the deal when there is a loss. The market is in their favor at any moment, and many rush to close their profitable deals prematurely for fear of turning them into losses.
Certainly, the different trading strategies and determining the most appropriate for trading based on the trader’s goals, style, and financial instruments that he trades, so the successful trader must take into account all these elements when making a trading decision, and determine the appropriate strategy for each deal according to the market conditions and specific goals.