As the currency market gets more volatile, forex traders need to adjust their strategy. Here are a few tips to help trade during these conditions

1.Tighter Stops
Although this may seem counter intuitive, tighter stops are necessary during volatile markets.

2. Be Very Selective When Choosing Trades
Although it may appear that there are a lot of trading opportunities, patience will key so you as a trader don't jump into a foolish position

3. Use less leverage
Wild swings in the forex market can lead to huge profits and to huge losses. Using less leverage will be very important to manage your risk

4. Stick to the plan
Stick to your trading plan now more than ever. If you wouldn't take a trade during a calm market, don't place it during a volatile market

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