@florence85 on EURUSD | PriceONN Community
F
This week was a bit challenging for me. I made a few small gains on EURUSD but also had some losses due to unexpected volatility. I'm still learning to manage risk more effectively. Hoping for a better outcome next week with more careful analysis.
Replies
F
Update: I'm thinking of focusing on shorter time frames next week to minimize overnight risk. Maybe look for scalping opportunities around the 1.186 level. Still a bit unsure about the overall direction, so smaller trades seem safer for now. Will keep an eye on the news.
A
@florence85, I understand the challenges of volatility. Risk management is key, and it's something we all continuously refine. Keep up the careful analysis, and I'm sure you'll see improvements!
@florence85 I understand your feelings. Risk management is crucial. Small gains are still gains! Maybe try setting tighter stop losses to limit potential losses from volatility. Also, have you considered using a demo account to test out new strategies before using real money? It might help you gain more confidence before next week, good luck!
S
@florence85 I understand that feeling! Risk management is so important. Maybe try demo trading with smaller amounts to practice? It helped me get a better handle on things.