How a basic trading rule saved my EUR/USD account from crash
Hi guys,
last week and Specialy 23-24 june was a though and rude trading days.
Before the Brexit vote i was holding a fine Position on EUR/USD parity until my Broker called me and informed me that the MMR will Change by doubly the Level.
20 lots=1000 €. After 10 minutes of Chat about Brexit effect on FXCM account . The Agent suggested me to Close all my Position before the vote.
I was a Little bit septical because of my good Positions with this Parity. The value increased until 1.14 and beyond . I was earning Money, but after curves study and following my rules (not to trade during big Event) I have decided to Close all my Positions and I followed also FXCM agent idea stop to trade until the release of the vote and result.
The day after the vote and the result , i was as everyone suprised about the result and i checked my account . I smiled and realised that i ve just save my account by following a very important trading rule.
Stay away from big Event .
For week 26 I will be Long buy again at 1.1 and sell at 1.12. UK is out of EU but trading continued.
good trading week for you guys
last week and Specialy 23-24 june was a though and rude trading days.
Before the Brexit vote i was holding a fine Position on EUR/USD parity until my Broker called me and informed me that the MMR will Change by doubly the Level.
20 lots=1000 €. After 10 minutes of Chat about Brexit effect on FXCM account . The Agent suggested me to Close all my Position before the vote.
I was a Little bit septical because of my good Positions with this Parity. The value increased until 1.14 and beyond . I was earning Money, but after curves study and following my rules (not to trade during big Event) I have decided to Close all my Positions and I followed also FXCM agent idea stop to trade until the release of the vote and result.
The day after the vote and the result , i was as everyone suprised about the result and i checked my account . I smiled and realised that i ve just save my account by following a very important trading rule.
Stay away from big Event .
For week 26 I will be Long buy again at 1.1 and sell at 1.12. UK is out of EU but trading continued.
good trading week for you guys