How to Protect Yourself and Gain Profits in Turbulent Market?
Market is unpredictable and changeable all the time. How to handle this kind of situation and control risks in a proper manner are explained and analyzed herein based on examples in real life.To get more news about WikiFX, you can visit wikifx.com official website.
Choppy market hitting, it is the capacity of the positions in your accounts that needs to be considered preferentially.
Take the 15-minute K-line of GBP/USD as an example. Long bullish candlestick patterns occur with around 20 to 30 long/short points under normal market fluctuations, the intensification of which can lead to this figure reaching 60 to 80 points. At this moment, many traders may hope to gain profits by luck and based on directions, hereby possibly resulting in more losses.
As a reminder:
Please reduce transactions, control risks of positions, and notice the available margin.
Please pay attention to leverage-related adjustments made by brokers ahead of market fluctuations to prevent your positions from unnecessary impacts.
Please focus on subsequent risk events and assess the conditions of your positions when mapping your middle- and long-term trading.
Forex brokers play a significant role in the turbulent market, maintaining the stability of spread and providing more accurate quotes. At present, the reduction of leverage is generally adopted to minimize possible losses.
Hope everyone could pay close attention to potential risks when trading and set up the mechanism of risk management in time, in a bid to enjoy continuous profits.
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