There a lot of beginers that try to use the same strategy with same stops and limits at Volatile Markets such gbp/jpy, eur/jpy … Whats happen ? They lose money. So read this 5 tips for forex trading during Volatile Markets.You can lose a lot of money during Volatile Markets. For example look this last month inter trend : +300 pips, -400pips, +600 pips, -200 pips, 300 pips, – 200 pips, +500 pips…….You can see this on hourly chart at GBP/JPY. This is Volatile Market, strong bullish and strong bearish trends etc.
1) Use less Leverage or less money – Less Leverage or less moneyat trading (2% from account) will save you profit.
2) Trade with More Research and Discipline
3) Calculate Stops and don’t use Tighten Stops
4) Use Relative Strength Index RSI indicator
5) Make strategy without frequent trading – Trade Less Win More