In forex trading, a static entry level is a predetermined price point where a trader decides to enter a trade. This level is usually set based on technical analysis, market conditions, or specific strategies. Unlike dynamic entry points, which may vary with market fluctuations or new data, a static entry level stays constant until the trader chooses to execute the trade.
Traders often incorporate static entry levels into their trading plans by defining key support or resistance levels, chart patterns, or other indicators to signal when to buy or sell a currency pair. By using a static entry level, traders can maintain discipline and avoid making emotional decisions in fast-moving markets.
