The expert traders know how to use the market volatility in their favor. They always make sure they are executing trades with managed risk and trading the market with high-risk reward ratio. But sadly the novice traders always do the opposite. They fail to interpret the price movement of the currency pairs and execute low probability trades. In fact, they never asses the risk factors of the market. Due to this fact, they are always losing money in the Forex market. In today’s article, we will give you some useful tips which will help you to trade the market even during the high impact news.
Lower down your leverage
Leverage is often known as double edge sword. The new traders never really understand how it affects their trading career. They are busy placing random trades without knowing the possible consequences. Controlling your emotions will become really hard if you focus your profit factors. A few losing trades will drive you crazy and force you to trade with huge risk. But if you simply trade with a low leverage trading account, you can’t take the huge risk even though you will be dying for it. But after a few days, you will understand how lucky you were by not placing the high-risk trade. [Read more…]