Henryatkin
Junior member
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Good morning all, I'm a newbi to Forex but have been trading equities since 2001 so not completely green. I have been doing OK trading off of a 1 minute chart and have taken the precaution of avoiding times of expected news annoucements such as rate changes. Thinking this has left me fairly safe from major price shocks I have ignored placing stops. It has since occured to me "what if" another 9/11 or London bombing. I know how extreme the prices moved on ftse but have no history to draw on for E v $ or £ v $.
Could any of you seasoned Forex traders give me some insight as to how the forex exchanges reacted to the extreme events and do you use a stop when trading a 1 min chart.
Thanks in advance.......Henry
Could any of you seasoned Forex traders give me some insight as to how the forex exchanges reacted to the extreme events and do you use a stop when trading a 1 min chart.
Thanks in advance.......Henry