Jan 102011

Forex Trading during news can be extremely dangerous for the account. As recently as Friday, the market has fluctuated in 80 pips and caused loss of all those who had no coverage for the fluctuation margin. Market was expecting an increase in the dollar (and a drop in euro), but turnover was somewhat unexpected, given previous economic data. Calculations of a prudent trader should cover, and yet such a fluctuation margin of 50%. That means your account must have the equivalent of 80 + plus 40 pips to be ready to assume a possible loss.
Market chart

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