There are various kinds of volatility in the market, so it requires a different trading strategy too. Imagine you want to trade long-term, so in this period prices can go up and down several times. If you have set take profit/stop loss, then it is likely that the price movement that is fast touches your take profit/stop loss several times, so that you do not get a bigger profit. Logically you have to increase take profit and stop loss to last longer in the market while making more profit. As long as market volatility is high, you will see profits in open order positions increasing and decreasing very quickly. It’s important not to panic, choose your target market wisely, and wait until the market price touches your target. Additionally, you can visit http://www.nas100brokers.com/volatility75index.html if you need some of the best brokers to assist you.
Maybe now you understand that you have to increase your stop loss to survive the high volatility. But in this way, you may have to change trading objectives first. Imagine the price is actively moving but you are not sure of the next move. Maybe the price will go down then go up again, or maybe the price will go down and not go back up. This will make you not want to take risks, but of course, you also do not want to miss the opportunity to make a profit. If you want to catch a swing from a certain price, then please place a stop loss near the price so that you can minimize losses if the market does not move according to your predictions. This will also help you get high profits if high market volatility moves according to your predictions.
Furthermore, the level of resistance and support is the main key for traders. Traders usually use this to determine when to enter the market, reverse trends, and points to get out of the market. This level becomes more important because a break from this level can cause huge price movements in the opposite direction. The market will definitely be chaotic if this happens, but you must remain calm. You can take breaks when other traders panic. This is a big bet so you need to make your decision wisely.