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volatility because of oil price
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ggForexTesting

Member Since Aug 09, 2019  4 posts ggForexTesting Apr 21 at 15:30
Hello all

I've seen that some of the traders I follow on myfxbook and other systems did not start trading this week. But on sunday there was a drop, but I suppose that the big trigger was on monday. I understand that the covid-19 virus is making it's effect. But how did they get warned about this volatility on the fx market (I do not know these traders by name, I just follow there system).

So, is there a website where they predict or warn you for these situations? My broker (IC Markets) did send me an email to warn me, but that was to late for me. There must be a more efficient way to get this info.
Anyone any suggestions?

Thanks,
Guy

Garil

Member Since Apr 18, 2019  22 posts Garil Apr 22 at 19:19
How can they really predict that? I gues nobody can and if they do.... well, it's not cause other way we will do something like that with predicting forex, I hope you understand what is meaning here.... oil is close to 0 now at least today, it was negative.

ggForexTesting

Member Since Aug 09, 2019  4 posts ggForexTesting Apr 27 at 16:36
Yes, I understand, but that is what they call fundamental trading. So I suppose it must be possible to predict (not 100% accurate af course) something like this.

Davide0001

Member Since Apr 30, 2020  2 posts Davide0001 Apr 30 at 08:48
I think there is no such open resource where you can see this kind of information.

ggForexTesting

Member Since Aug 09, 2019  4 posts ggForexTesting Apr 30 at 10:35
Thanks.

spanishtrader799

Member Since Feb 19, 2020  19 posts spanishtrader799 May 13 at 18:01
Well, as people above stated, people can't predict this kind of stuff. You don't have access to the information like that - and people how does have that access... well, let's say that they are not going to share in with you :)

ggForexTesting

Member Since Aug 09, 2019  4 posts ggForexTesting May 14 at 07:57
Yes, I assume they will not do that... But it was just something on my mind, just wondering.

glebismailov

Member Since Mar 03, 2020  11 posts glebismailov Jun 19 at 04:38
ggForexTesting posted:
Hello all

I've seen that some of the traders I follow on myfxbook and other systems did not start trading this week. But on sunday there was a drop, but I suppose that the big trigger was on monday. I understand that the covid-19 virus is making it's effect. But how did they get warned about this volatility on the fx market (I do not know these traders by name, I just follow there system).

So, is there a website where they predict or warn you for these situations? My broker (IC Markets) did send me an email to warn me, but that was to late for me. There must be a more efficient way to get this info.
Anyone any suggestions?

Thanks,
Guy


Yeah, I got an email notification as well. But it was too late also. There is no particular way to predict such stuff. I'm sorry. But if there is something going on in the world, be ready to feel it in Forex too.

Draggyr

Member Since Oct 21, 2019  16 posts Draggyr Jun 19 at 19:22
I think that the best way to prevent such situations is to follow market events, I mean fundamental analysis, because it allows you to assess when speculation or strong price hikes may occur in the market.

Adorazius

Member Since May 30, 2020  5 posts Adorazius Jun 21 at 15:09
I think that even experienced traders now feel a bit confused, because the market offers many surprises and surprises.
What to do in this situation? Do not take risks, now is the time when you can't take risks at all and you have to strictly follow all risk management rules.

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