Forex Market has certain characterstis that define the behaviour of traders. One of these Characterstics is the movement per currency pair. For e.g. it is always very safely assumed that a EUR/USD currency pair moves 100-120 pips on a normal trading day. Similarly, GBP/USD moves between 120-150 pips per day.

However, in the last month or so, the market has started defying this nature. Offlate, most of us have noticed that the the currency pairs have started moving more than 300 pips and on some days, it was even more.

Well, for most of the Forex Success Formula Course Subscribers, this was good since quite a few of them started making much higher profits because of the trading startegy and the money management principles the course includes

But I know some of my friends were not able to cope with such volatile market and were not sure how to deal with it. Some personally asked me about what to do..

My answer to them was - Just Implement the techniques mentioned in Forex Success Formula course..Thats it. But for those who haven't bought the copy yet, here is what my suggestions were to them -

1. Focus only on the currency pairs that are still responding to technical analysis - Lot of forex currency pairs started neglecting the important technical levels such as the Fibonacci levels. But GBP/USD and EUR/USD were still very strong technically. So it was important that the trading is limited to such currency pairs. 

 

2. Stay out of the market if you are not confident - There is no point in trading just for the sake of it. Forex Trading is like a business and no businessman will risk his/her money if the chances of loosing money are FELT to be high.

 

3. Reduce the risk per trade - One way to adjust to such trading days is by lowering the risk which can be either done by trading to a lower time frame(for e.g., insteading of trading daily charts, one can trade an hourly chart) or reduce the number of lots per trade.

 

4. Don't be disappointed - If you miss a good trading session or if you have few loosing trades, don't be disappointed. Its a part and parcel of trading. Some days you'll make good profits and some days you'll loose. The name of the game is to have higer profits and lower losses.

 

Remember, these are the times when Money Management is highly crucial. If you follow the techniques mentioned in "Secure your Money" manual of Forex Success Formula course, you would have seen huge increase in your profits. In some trades you would have seen the profits as high as 300+ pips, while ina loosing trades your loss would have been limited to still only 45-50 pips.

So, implement the strategies given in the course and your probability of making even higher profits will increase!