Adjusting!

Are you able to quickly adjust to changes in market conditions?
How confident are you in your analysis of the charts?
I'm interested to know your opinions based on past experiences.

I am finding it easy to adjust. I found it more difficult to trade when the markets were in a tight range like they have been for the last 6 -12 months

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.

My strategy adjusts to all market conditions. Effectively I just have larger stops when market is volatile and smaller when it is quiet

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.

That's really accurate. I would love to add that trading Forex is not all about adjusting. Well, technically it is, but you can't adjust to the thing if you don't know nothing. So you have to educate yourself on different matters and adjusting accordingly.

Covid-19 showed us what's an adjusting. And how important to possess such a skill. Same goes for Forex.

Oui, oui.
As far as prices go. The range tells it all.
It either increases or decreases.
You should have a strategy ready to make the switch.

All great responses! One of my latest adjustments is a decreased Lot size when placing orders.

Tekich posted:
Covid-19 showed us what's an adjusting. And how important to possess such a skill. Same goes for Forex.

True mate! The current situation has really taught us a lot, not just adjusting.

Any unconventional situation proves that it has colossal meaning. That is why a trader should study trading and absolutely all its features.