How To Trade With Pre-Markets
As an experienced trader, I have always looked at the Pre-Markets as an opportunity and not a problem. The truth of the matter is that there are many Forex brokers out there that will make it their business to get you in and out of the market as fast as they can with little regard for your financial situation. While this is an acceptable practice, there is something you can do about it. In this article I will show how to take the Pre-Markets into account when you are trading Forex.
When you are looking for a good Forex broker, one of the things you should look for is someone who is well versed in trading with Pre Marks. The basic definition of Pre-Markets is that they are price driven and are not influenced by fundamental factors. This is why they are a great way to trade because you never know what they might do. If you look for a Forex broker that will give you options when it comes to limiting your trading with pre-marks, then you will be trading with a broker that has no motivation to keep you from getting in and out of the market as fast as possible.
As a side note, when you are using pre-marks, you need to be careful not to overpay. I have found that it is better to set your limit for the number of trades you want to make with pre-marks, and then set your limit to the actual market price for that time frame. By doing this you will only be investing as if you were actually making an investment in the real market and you will limit your risk while still maximizing your profits.