How to trade the high volatile market conditions

How to trade the high volatile market conditions
April 29 17:22 2017 Print This Article

Trading the financial instrument is one of the most complex tasks in the world. Those who are trading the currency market for a long period of time have spent a decent amount of time in mastering the art of forex trading. In order to become a professional trader in the financial industry, you must have strong determination, devotion, and dedication. Before you go for the forex trading account Singapore makes sure that you chose a reliable trading broker like Saxo since you need to have a robust trading platform to do the perfect technical analysis in the market. If you trade with Saxo then you can easily use the high-end trading tools of the SaxoTraderGo platform. The forex market tends to exhibit a different level of volatility but if you are relatively new in the financial industry then it will be a little bit difficult for you trade the high volatile conditions of the market. In this article, we will discuss how to trade the high volatile conditions by using the forex trading account Singapore.

DO multiple time frame analysis

There are many different ways of trading the financial instrument in the world. If you look at the professional trader then you will notice that most of them are using a solid trading strategy in the market to execute high-quality trades. If you are relatively new in the forex market then it’s true that you trade with the indicator based trading system but in order to trade the high volatile market conditions, you need to use the leading indicators only. If you use the lagging indicators then you won’t be able to execute the perfect trades in the market. Most of the professional traders use the multiple time frame analysis in the market when they use the indicators to trade the high volatile market conditions. Since trading, the high volatile market condition is extremely risky you should use proper risk management factors while executing the orders in your forex trading account Singapore.

Use price action trading signal

Price action trading strategy is considered to be one of the most reliable trading strategies in the world. If you look at the professional trader then you will notice that most of them are trading the key support and resistance level using price action confirmation signals in the market. It’s true that in the very beginning you will have a tough time to trade the reliable candlestick pattern in the market but if you strong dedication in mastering the art of trading then you can easily make lots of money by using the price action confirmation signals in the market.

Do the fundamental analysis

Most of the time the market become extremely volatile during the high impact news release. The novice traders in the forex market tend to trade news in the market based on their technical analysis skills. But if you want truly want to make money by trading high volatile conditions of the market then you need to trade the market based on the technical and fundamental analysis. The technical analysis will allow finding the best possible trading spot in the market whereas the fundamental analysis will give you the clear idea of the over strength of the market volatility

Summary: Trading the volatile market condition is one of the toughest tasks in the forex market. But if you can master the art of fundamental analysis along price action trading strategy then you can easily execute high-quality trades in the market. But when you trade the high impact news release in the market make sure that you follow proper risk management factors in every single trade to reduce the risk exposure.

 

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Ismael Frederick
Ismael Frederick

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