KoboFX

Entry and Exit Rules: Knowing When to Click

SchoolHigh School01/01/2026
Portrait of Iriss Lee
By Founder & Editor3 years trading forex. Writes every KoboFX guide and review. Full profile →

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.

Next ceiling — targetSupport floorEntryStop below floor — 1%One rule missing means wait — no click
Trend up, pullback to support, bullish candle — all three true, so entry. Stop goes just below support, take profit near the next ceiling at about twice the risk.

Entry rules — what must happen

Example plan:

  1. Trend is up (higher highs) in London session 8am–5pm WAT.
  2. Price pulls back to support. See Support and Resistance.
  3. You see a bullish candle. See Candlesticks.
  4. 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 $0.10 on $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.

Bottom line: Enter only when trend, pullback and candle align, set stop beyond support, or you risk random clicks and quick stops. Related guides: Starting Forex as a Beginner.