I was lucky enough to close trade a few seconds before the madness episode. It was 5 minutes after the news and with no particular reason, price dropped 70 pips and raised 80, all in 19 seconds!!! How can anyone trade under these conditions and stay alive? Forex becomes a casino little by little, with all the thrills and the suckers hooks of a casino. I feel a growing deregulation of the currencies market and a wise man should stay aside for a while.
At the very same time of this episode, the ES future (S&P index) was calm like a zen garden. I monitor this instrument also in the last weeks and I now understand the thousands of traders who trade this
for an income. No big thrills, quite, steady moves and more safe to gain a few ticks here and there. More soon..
4 comments:
That movement is madness.
Yeah, I got done in that move down as well. Admitedly, shouldn't have been trading, because someone from ECB was speaking at that time. And as we know, speeches make for some wild swings.
We need to be careful that we don’t do anything crazy for sake of few pips, as that could lead us into losing big time. It’s vital that we focus on trading in careful approach and thanks to OctaFX broker, I get plenty of benefits whether it’s with low spreads from 0.1 pips to high leverage up to 1.500 while there is also magnificent 50% bonus on deposit, it’s also use able which makes trading ever so like able and easy!
better traders join in FXB Trading, because FXB Trading is well known for offering great help with Daily Outlook related to currency analysis. This tool combined with real time information has made it easier for merchants to manage their trades successfully in the CFD market.
Post a Comment