togr posted: Dear Trader, The market is currently experiencing high volatility. It’s important you monitor your positions, ensure you have funds available, and appropriate risk management in place to reduce the impact of gapping risk on your portfolio.
What should you do? IC Markets urges its clients to take precautionary measures in relation to This includes: Assessing and reducing risk exposures;
Setting stop levels;
Monitor your positions closely. Furthermore, additional funding may protect any open positions being affected (for example; margin calls) from large adverse movements in the market.
Stay glued to your systems, as you know, there is no holy grail, there are bad times as well as good times, just continue to grind and set your eyes at the ultimate price, i wish you good luck.
That is not the way I work. If the risk is too high it is better to avoid trading.
Markets have been dead for months with rubbish price movements, now we have bit moves every day. This is the time to make some big gains. yes we must be cautious but there are good price moves to be taken advantage of
swimmable posted: Markets have been dead for months with rubbish price movements, now we have bit moves every day. This is the time to make some big gains. yes we must be cautious but there are good price moves to be taken advantage of
I have not misssed any of my trades for the moment but I am sure that something will come up very soon. I am prepared for all situations. The corona virus is definetly stopping many important activities and I am sure that trades also have to be affected
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
There are events like this when your SL does mean nothing The dramatic surge in the Swiss franc in 2015 was due primarily to one key event early in the year. On January 15, the Swiss National Bank (SNB) unexpectedly removed the peg of 1.20 francs per euro. In the initial reaction to the news, the Swiss franc rallied a massive 30% versus the euro and 25% against the US dollar. The move caused major upheaval in the markets and even forced some foreign exchange brokers out of business.
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