The forex market is a bit unstable this week, but it’s still possible to make money! The trend is SELL EUR/USD, and while many traders had losses, my trader has done the right things. It is not always smart to close trades when they are at it’s worst! Normally, things go back to normal if you just give it some time! If you are not rich yet, I would recommend you to set a really low LOT setting so you can allow a high drawdown…
And please do not allow any trader to open unlimited trades for you! If you have just deposited a small amount, you are responsible for your own money! Forex is risky, and you will definitely discover drawdowns if you are going to trade yourself or let others do it for you! But if you trade Forex in a good way, it’s not as risky as gambling, and in the long run you will see amazing results! Much better than a normal savings account in the bank!
If you trade with Manav Predictor on Zulutrade, you discovered some positions to have severe drawdowns yesterday, but they went up again. With keeping your positions, but not overtrade or set too high lot settings, you can take advantage of the market when the market turns over again. Most people still have faith in Sell EUR USD, but be aware that similar things may appear again.
Always the rule is: Do not trade with money you can’t lose! Of course you want to make profit, and you will! There are so many ways to take control of the Forex market. Remember, do not get greedy! If you have some successful weeks, ok, that’s fine, but next week may change everything if you are not realistic! You can choose to use ZuluGuard if you want to control your accounts while you sleep! It will be exciting to see how Forex Market will be on Friday for the next 24 hours! We will keep in touch! I hope this gives you help to make money!
My advice: The best time to trade is after a surprising wave seem to have terminated, and things begin to move back to normal!
Proof: How I made 154 Euros today!