*NO FEAR...
NO GREED !
Introduction to Range Trading :
Range bound is so common in market conditions it occur in approximately 70 - 80% of the time.
So learning how to trade on range bound condition will definitely gives you the most risk - reward opportunities most of the time.
Individual traders mostly newbies don't appreciate range trading out of ignorance... Most of us have been taught to use Technical Analysis to identifies trends and watch for range break out, that could brings fantastic opportunity and rewards never realizing that this condition is more of an exception than the rule. Most break out happens just merely 20 to 30% of the time and many are false one... So while waiting for this rare rewarding stage, most of the time you are losing opportunities to earn more...
In range trading, traders must learn to treat volatility as the best of friend,
because in either direction, it creates opportunities for traders to exploit.
If you are trading to maximize your profits then this is definitely your best tool to learn and have a better success in achieving your goals.
Range traders bet heavily on the possibility that prices will trade up and down on the same levels in as many times possible, and the traders must turn this volatility to an opportunity for profit over and over again...
Mastering Range Trading will definitely put your trading skills into an UPGRADE !
More materials for reading :
Definition of range trading, trading ranges, Range bound Trading
Trading the ranges
Channeling Stock - Trading Range
How to Identify Trends and Trading Ranges for Dummies
NEXT : Identifying and Applying 'range trading' in your Trades
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