Forex beginners must-see range market price


Is there anyone among Forex beginners who is fighting with a strategy of aiming for the range market, taking a small price range and winning steadily? I hope you find this article useful. There are many Forex currency pairs that are prone to range quotes. It is possible to win as long as the range lasts. However, it is very troublesome when the range collapses and a one-sided trend emerges. At this time, decide whether to understand that you risk losing all the money you earned.


A market where the range works

There are actually many currency pairs in the market where the range works. Entry for sale when the upper limit is reached. When you reach the lower limit, buy and enter. With this technique, the winning percentage is actually over 90%.

And the market price that tends to be in this range tends to work with the following currency pairs. Only AUD / USD tends to have a slight trend, but others tend to move up and down in the same price range.

The price range taken in the range is small

However, in the case of the range market, there is one drawback that it is quite difficult to take a large price range. The winning percentage is high, but the profit per time is very small. Even if you win with all your might, it can be quite difficult if the profit is as much as the tears of a sparrow.

Risk of losing profit with one trend

It is also the weakest point of the strategy to win in the range, but the range market will end someday. When a big trend is born at the end of the trend, it is easy to make a big unrealized loss. It is possible that the profits that have been accumulated steadily will be skipped with one loss.

No one knows when the trend will come out

And we do not know in advance when the range market will end. Since you do not know when and when you will come, the loss cut point tends to be ambiguous and you will be forced into a difficult battle.

Must always stick to the chart

The hardest part of trading in the range is that you always have to stick to the chart. It’s very mentally exhausting, and it’s doubtful that we can continue to win in the span of 10 to 20 years, and it’s highly possible that we won’t continue mentally. I can’t eat rice, I can’t go to the bathroom, I can’t take a bath, I can’t sleep. That could be the situation. If you are a full-time trader, there is no problem, but if you are a side business, this method is not recommended.

Trend-following strategy recommendations

Due to the above disadvantages, I personally do not recommend a strategy to win steadily in the range. It will be mentally and physically tattered. Instead, if anyone hasn’t decided how to win, I would recommend a trend-following strategy. If you are interested, please see the link below.