It wil be better to ask people how do they trade in current market conditions when everything simply are not in the way it was just few months before that scary COVID panic entirely and absolutely. We do need to have it catched and coupled.
Well @Marraby the current market conditions according to you, is not the same as it was, again according to you! Therefore would there not be the need to adjust? Market conditions are ever changing, not just because of the Covid-19. I chose to broaden the question to reach people with different levels of experience so they can share and add to the concord. It was not meant to be a Covid-19 discussion. Thanks for your input.
I am not atht confident about my analysis of the charts because of the state that the world is in right now. We have all been affected. Even the forex market has been affected. The best thing to do now is to not trade at all. Better safe than orry is what i say. Things are not good now. Uou can also trade with less risks incase things go south.
Since the very momnet that the corona virus went public. I knew that there were abiut to be some changes. Even to the market. We may be working from home but part of what we are doing has to be done by some other people ou there. I planned myself and got ready because I knew what was coming.
When it comes to adjusting to changes then i am always prepared. You have ti understand that this is forex trading and things can go from this to that in seconds and especially in the market. It is why I always check the news and every other source of information on how the market is fairing on. Dusaster can strike at any moment.
Forex is about adjusting - there is not doubt about that. You need to flexible and experinced. You also need to know how to use a variety of strategies and styles of trading. you can't never 100% predict what is going to happen. But you can 100% adjust to the new situation and turn in to your favour.
spanishtrader799 posted: Forex is about adjusting - there is not doubt about that. You need to flexible and experinced. You also need to know how to use a variety of strategies and styles of trading. you can't never 100% predict what is going to happen. But you can 100% adjust to the new situation and turn in to your favour.
I agree on that. Correctly predicting about this market isn't possible all the times; all we can do it manage with what the market brings for us and strategise accordingly. Our plan and strategy is what makes us successful/unsuccessful in different market situations.
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