Forex In The Summer
Many people ask me how to trade Forex In The Summer months. They wee that the markets move differently in the summer and try to find ways to catch their pips inspite of the normal channeling markets. It is true that because of vacations and holidays and everything that people do all summer long that there is not as much activity during the summer months. One reason is that most of Europe takes the month of August off: banks, investors, businesses etc. So there is much less money flowing.
I usually use this as an excuse to do the same. I plan my trips in August, and don’t do a lot of trading. I look forward to September and the fall when things start cooking again. There are good strategies to trading, but usually they involve going to shorter time frame charts because the moves are not as big.
For some of the strategies we use in our mastermind club, feel free to join us for free in our weekly live trading club at http://www.lotsofpips.com
Forex in the Summer can be a bit of a drag, so my advice to you is take it easy, play the demo acct. and start planning your vacations in August.
Good luck trading and have a good summer. See you this fall.
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