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.  

Latest news

American shares are mixed

On Friday, American shares were mixed after the settlement because profits in the Telecoms, Oil & Gas, and Utilities sectors underpinned equities…

Greenback is affected by cautious Clarida remarks

On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…

Euro zone inflation reaches six-year maximum in October

In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…

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