In forex trading, timing is crucial. Market timing, on the other hand, is more difficult than it sounds. If you've ever traded on a traditional stock exchange, you know that trying to time your transactions around recessions and cheap buying opportunities nearly always ends up costing you. Price swings and corrections are inevitable, but their timing can be unpredictable.

A good trading strategy can help you predict the timing of these trades to some extent, but no system is perfect. While some factors, such as government economic reports and reliable chart patterns, may be easier to track and trade around, others, such as breaking economic or business news or abrupt shifts in trader sentiment, can be more difficult, if not impossible, to predict.

Your best approach to timing is to develop a trading strategy that accounts for as many variables as possible and helps you identify opportunities where you can predict the timing of price movements with some accuracy-while also acknowledging that you might not get it right every time.