Entry and Exit Rules: Knowing When to Click
Risk warning: No rule guarantees profit. This is education, not financial advice.
Entry is why you open. Exit is why you close. Both need rules.
Entry rules — what must happen
Example plan:
- Trend is up (higher highs) in London session 8am–5pm WAT.
- Price pulls back to support. See Support and Resistance.
- You see a bullish candle. See Candlesticks.
- All three true → you may enter.
If one is missing, you wait.
Exit rules — where to leave
- Stop loss — just below support. Limits risk to about 1% (for example ₦150 on ₦15,000 / ~$10). See Stop Loss.
- Take profit — near next resistance, about 2× your risk. See Risk-Reward Ratio.
Do not move stops further when losing. Do not close early from fear.
Practise entries on demo, then walkthrough Your First Trade.
Rate used: ~₦1,500 / $1. Small amounts like ₦150 use same rate.
Bottom line: Enter only when trend, pullback and candle align, set stop beyond support, or you risk random clicks and quick stops. Links To Guides: Pillar 3 (Beginner Setup).