While trading in a range, traders count on the fact that the prices will trade between the same horizontal levels during a certain period of time recoiling from both resistance and support for many times. It’s assumed that no matter where the exchange rate goes, it will return to the central reading. The goal of a trader is to benefit from the price’s fluctuations around this central mark.  

Important tips for range trading

  • Be more careful with the leverage.
  • Mini and micro lots allow placing bigger stops.
  • Don’t use scaling in and scaling out.
  • Risk/reward ratio is 1:1.
  • Stop Loss is moved to the breakeven slowly.  


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On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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