Does anyone trade during range bound markets?
Yes, many do.
The first group consists of traders who don't know yet that they are trading in a ranging market. Such unawareness often results in a losing streak for them.
The second group consists of prepared traders, who intentionally came to take advantage of the range bound conditions.
In order to trader profitably in range bound markets one has to have a special range bound trading strategy for that.
Usually such strategies consist of momentum and volatility indicators like Bollinger bands, RSI, Momentum indicator etc.
For example, with Bollinger bands indicator traders will be looking to trade off the upper and lower bands, where the market would be expected to reverse in order to continue its ranging path.
Profitable trading!
Copyright © Myfxindicators.blogspot.com All Rights Reserved
Yes, many do.
The first group consists of traders who don't know yet that they are trading in a ranging market. Such unawareness often results in a losing streak for them.
The second group consists of prepared traders, who intentionally came to take advantage of the range bound conditions.
In order to trader profitably in range bound markets one has to have a special range bound trading strategy for that.
Usually such strategies consist of momentum and volatility indicators like Bollinger bands, RSI, Momentum indicator etc.
For example, with Bollinger bands indicator traders will be looking to trade off the upper and lower bands, where the market would be expected to reverse in order to continue its ranging path.
Profitable trading!
Copyright © Myfxindicators.blogspot.com All Rights Reserved
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