IS EUR/USD too risky to trade? | Currency Futures


futures.io - futures trading strategies, market news, trading charts and platforms


Currency Futures


This subforum allows you to find traders that trade Currency Futures. You may post about anything to do with trading currency futures in this section




 

IS EUR/USD too risky to trade?

  #30 (permalink)

Vidor, TX/USA
 
 
Posts: 15 since Jan 2015


MatthewD View Post
There is nothing abnormal about those sorts of price movements. Use stop-losses religiously; not just mentally. I set them before I even place a trade. I think you will find that the larger the time frame, the more reliable and less sporadic the price movement. I'm going to assume that you're making trades based on one visible screen worth of chart data. In that case, it's near impossible to determine where you are in the bigger scheme of things, and movements like that are sometimes quite predictable on a larger time frame where it would be a clear break of structure (support/resistance) for example.

Agreed! I always drill down from higher time frames to lower. You can also do that with investopedias app on your phone. Very handy.

Reply With Quote