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For example, EUR pairs would have biggest volumes during the time the European market is opened. Trading is done in so called lots from 1,000 to 100,000 units. FX is not like commodities or stocks that can be traded individually. They are traded in pairs EUR/USD, USD/GBP, etc. This is why the types of products you can trade are rather limited, as about 18 currency pairs are available for trading. Out of those 18, only a few are most traded among them USD, EUR, GBP, AUD and JPY.
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So you must ask yourself the question, is it worth the stress and the danger of large draw downs and possible huge losses in order to make the same ROI that could be made with a much safer trading strategy?So – perhaps the rule of having a Stop Loss makes sense after all!In my next article I will continue to look at this issue and then propose a business and scientific way of approaching Forex trading that reduces risk to a minimum, but at the same time nearly guarantees a profitable outcome to Forex Trading.
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Wondering how?Well!Because here in these games you do trading with virtual forex trade money.
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