I lost nearly 35% of the balance I made this month. I guess, days like today are for swing traders who are able to sit tight in front of their trading platform with a finger on a "trigger", ready to enter and exit trades at an instance on a second. As I watched in disbelief Euro dropping down, then skyrocketing to 1.1680 and going back down again I was wondering what kind of strategy can beat such high unpredictable currency volatility.
I've read somewhere that the best strategy for days like this is not to trade at all. But it is so hard not to give into the temptation of possible profits.
If anyone can recommend some good reading about successful ways to swing trade it would be greatly appreciated.
I've read somewhere that the best strategy for days like this is not to trade at all. But it is so hard not to give into the temptation of possible profits.
If anyone can recommend some good reading about successful ways to swing trade it would be greatly appreciated.
