hiya,
I’m looking to trade with tightest spread with highest volatility. But some of major spreads that I traded recently, gone in consolidation and there is no 60+ pip movement. This condition kill my margin. How to trade while preventing this consolidation. I like news trading but are news trading affect the EUR/USD at all? I think this spread is so strong/heavy that news release can move it 60+ pips easily everyday? what shall I do? Any idea?
Thnx
hiya,
could you explain more how can I follow trend and make 60+ pips daily?
thnx
You can’t pay your food bill with pips. Focus on money. You don’t need to make a profit every day, you don’t need to prove you’re a good trader every day, you’re not a labourer paid by the ton of muck shifted. The object is to make money without excessive risk.
Look at the EUR/USD daily chart. It became a buy months ago. It is up consistently since it lodged above the 200EMA, the foundation of trend-following. That’s just one trade. with ample opportunity to pyramid as the trend has continued and become more consistent.