During times of extreme volatility,such as the current situation in Greece, many new traders might feel frightened about the prospect of entering the market.
Actually, trading in a volatile market can prove very lucrative in the short-term. The first step in understanding how you can profit from such volatile market movement is distancing ourselves from the negative connotation often associated with the term “Volatility.”
Volatile market conditions are best described as: “(of prices, values, etc.) tending to fluctuate sharply and regularly”.
As the market is always fluctuating up and down, volatility is a natural and inevitable element of trading. Knowing how to take advantage of these fast and sharp market movements is what makes for smarter trading decisions.
“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it,”Warren Buffet.
For example, Greece’s referendum vote on Sunday not only affected the EUR/USD…
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