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Coronavirus outbreak - markets

Maidas888
Mar 22 2020 at 23:59
24 posts
rabbithoe posted:
Kingace posted:
togr posted:
Kingace posted:
togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.


That's why there's provisions for Stop Loss and Trailing Stop


You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet


A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker


In a sudden move the price jump across your stop loss, the stop loss gets triggered but when it closes all position, the price is already moved far away from the level you set before. Also to stop loss you need people who are willing to trade against you at your SL price. Event such as Swiss franc in 2015 will blow up your account no matter you have stop loss or not. Because nobody is trading against your stop loss.


The black swan videos on forex academy youtube covers this well

Betty_60
Mar 23 2020 at 07:06
41 posts
The impact is of this virus isn't going to fade away soon, be it the markets or the general economic patterns.

princesslint
Mar 23 2020 at 11:35
9 posts
I see that as a good thing (for Forex trading). Over the last 12 months the price movement has flat lined on all FX pairs. Now we have volatility and potential for profit

vontogr (togr)
Mar 23 2020 at 12:19
4862 posts
princesslint posted:
I see that as a good thing (for Forex trading). Over the last 12 months the price movement has flat lined on all FX pairs. Now we have volatility and potential for profit

What was flat?

Adam Cantor (AdamCantor)
Mar 23 2020 at 14:35
98 posts
agreed lot sof profit ops at the moment even now there is slightly less volatility than last week

Adam Cantor (AdamCantor)
Mar 24 2020 at 15:35
98 posts
togr posted:
Hi there,

is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...


this week markets are less volatile than previous week so that's okay but still some profitable ops out there

eShibata
Mar 25 2020 at 05:29
3 posts
I agree with reducing lot sizes and widening stops due to the insane volatility we've seen recently. Take extra precautions with risk management to avoid blowing up your account. However, this has been a great opportunity to make money. The market has been extremely volatile, as well as predictable over the last 2 weeks. Don't forget to keep up with news regarding COVID-19 and the measures countries are taking to control it.

jonny99
Mar 25 2020 at 07:34
32 posts
AdamCantor posted:
togr posted:
Hi there,

is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...


this week markets are less volatile than previous week so that's okay but still some profitable ops out there


I agree with you... i believe the markets will pick up soon. just need to have some Patience and Faith.

vontogr (togr)
Mar 25 2020 at 08:44
4862 posts
You make more money because you are risking more,
nowadays pair could slip 100.0 pips in a moment.
That is opportunity to make bigger profit but also bigger loss
Keep that in mind.

sudokupsammite
Mar 25 2020 at 11:03
9 posts
togr posted:
You make more money because you are risking more,
nowadays pair could slip 100.0 pips in a moment.
That is opportunity to make bigger profit but also bigger loss
Keep that in mind.


Whether price move 10 pip or 100pip it is all the same to me. I equalise my Lot size so that I risk the same always

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