Today was a news day for trading the currency market. Many pairs dropped dramatically during this mornings New York session. The Asian session was wild as well, with wide, long and quick price swings. My point is this on a wild day like today you can get killed and put out of the market unless you practice discipline and use proper stop losses.
I ended up benefiting from these wild fluctuations but I was just lucky, very lucky indeed. I could have been on the other side of these wild moves just as easy. So please use a stop loss especially with the current wild volatility. If any of you have a story to share about the current wild moves please let us know here. Did anyone get hurt by these moves? I know some one out there had to feel the pain.
Help us all by sharing.
Winner’s Edge Trading, as seen on: