With this style, the trader’s objective changes from the range-bound condition. The goal is now to ‘buy high, and sell back at a higher price,’ or to ‘sell low and buy back to cover at a lower price.’
Since these environments can be considerably more chaotic than what might be expected in ‘ranging’ markets, traders are usually best served by altering the risk management condition to account for the increased risk of trading in a rapid market. For more information, read our guide toLeveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
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