LESSON 03 · CORE SKILL

How to Read a Signal — Entry, TP & SL

~10 MIN READ · FREE

Every signal in the room follows the same shape. Once you can read those four lines, you never have to guess what to do.

1. 1

   The pair and direction

   The first line names the instrument and whether it is a buy or a sell. If you do not have that instrument on your platform, do not improvise with a similar one.

2. 2

   Entry price

   This is the level the trade is valid from. If price has already run far past entry, the trade is gone — let it go instead of chasing it.

3. 3

   Take profit (TP)

   Where the trade closes in profit. Some signals have TP1, TP2 and TP3 — that means closing part of the position at each level.

4. 4

   Stop loss (SL)

   Where the trade closes at a loss. The SL is not optional. It is the only thing that defines how much a bad trade can cost you.