A range bound market can make for a very frustrating trading experience. In these markets, the currency in question is not going up or down drastically, but is staying within a tight range where there is mostly sideways movement. If you are not a day trader, these markets can tie up your money and prevent you from making a quick profit.
In order to deal with range bound markets, there are a few things you can do. The first is to play your trades in a manner that allows you to profit from the small ups and downs of the market. In other words, you will want to act as a day trader and follow the more minute changes that the forex market experiences. If you are not comfortable trading larger amounts of currencies, a second option is to sit out and wait for a more profitable opportunity like using the Pro Trade Copycat Signal service. This sitting and waiting method allows you to preserve your trading capital for the most beneficial opportunities.
A third option is to find a new currency pair to trade. Just because the EUR/USD currency pair is stagnant, this does not mean that all currency pairs are. Branch out and explore other money making ventures within the forex market. If the Euro is not performing well for you, consider the Japanese yen or the Swiss franc. There are many opportunities out there for an observant trader to take advantage of. You may just need to look around a bit in order to find them.
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