5 Tips on trade in volatile market

1. Be picky when you start bidding. Avoid starting a large number of trades simultaneously. We must remember that during the volatility in the market trends, your losses can be quite large.

2. Reduce the size leverage. You may incur substantial losses.You should always keep in mind what the effect will be leverage the result of trades. Enclose smaller deals.

3. Reinforce discipline. Always follow the pre-selected strategy. At a time when the market dominated by instability, it is especially important. Adhere to established stop price, otherwise you risk losing too much.

4. Stricter stop price. Many traders are reluctant reinforce the stop price, considering that the large fluctuations in prices may lead to a withdrawal of their positions. If you previously installed the stop price at 80 min, advised to reduce it to 50-60. So you probably defend its position. There is a high probability that the trend will continue to drop. Thus, the stop price will bring you out of bidding before you lose too much.

5. Be ready for anything. You should know what caused the instability in the online forex trading currency market, that would be prepared for unforeseen circumstances and, accordingly, to model their strategy.