The entry point, also known as the initiation point, refers to the moment when a trader establishes a position in the market. This crucial step marks the beginning of a trade and sets the foundation for potential profits or losses. It involves analyzing market trends, identifying potential opportunities, and executing a trade with precision. A trader's entry point is heavily influenced by their risk appetite and overall trading strategy. It requires a thorough understanding of market dynamics and the ability to make informed decisions based on financial data and analysis. As such, it is a critical aspect of successful trading and requires careful consideration and planning.
