Blurttradinghub | the market is volatile

in blurttradinghub •  2 years ago 

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Hey, Trading is not for a chicken minded!!

It was something I never thought of , after making analysis and opened the position on pending order. Opening the chart provider it was on notice of what happened over a short period of time on GBP/USD currency pair.

Seeing the above move of the currency pair in less than 1minute time frame you can see that trading is not for those little babies.

Imagine having some dollars in the account, after lots of analysis the trade did not move to the direction as expected. It could be you have small amount in the account do a 50pip move in opposite direction it means money lost.

Look at the present state of the market before opening any position.

Though it was on profit the market was closed by chart provider, following the sudden move.

Know when to trade and when to scalpe.

Implementing these steps is a good starting point for tradere looking for profit.

Most of the time it requires scalping while at some point you trade.

Wishing you success in your trading career.

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