I read in mastering the trade that you should take the whole month of august off due to low volume. John Carter (the author) mainly trades stocks. I was wondering if this applies to the forex market also? Not really intrested in an uninformed opinion on the matter. If you know something about it or have a link I could follow I'd really appreciate it. Thanks.
Randon
All that bullshit and he didn't even answer your question. In the words of our esteemed British cousins, What a wanker. To answer your question, trade August. Just be more careful because the markets are thinner due to lots of Europeans and Americans taking their holidays during the month. Some folks have gotten killed in August while others have had great months. Just cut your risk back a bit and plug away.Zamieszczone przez ;
Am I devaluating others reserach... I am just suggesting one possible way to find the answer. Time also = Experience. If you do the research yourself... than you'll have the EDGE.
Hi sometimes is very hard to find the right answer you have to invest must time and energy to research a big market ...but we knoe Time =Money... so never devaluate researches of other people which you got without effort...I am not giving the answer... I am just showing one of the possible ways on how to find the answer
Malaysia- I'll try that. I've heard holidays aren't good times to trade, but maybe the august thing is just for stocks.
Doing the research myself... hmmm... nothing much can be deduce from that. Perhaps I shall scale down the TF a bit and see what really happened on AUGUST each year with the volume indior turn on. As for me... Business as usual as I am an IntraDay Trader. Except on Christmas holiday season period. From my understanding... trading during LOW VOLUME environment can have 2 different effects. 1) It gonna be so boring with low volatility and market can be ranging tightly. 2) With low volume... market is vulnerable with manipulation. Easily move with BIG orders. Thus many spike, whipsaw, false breakout, false signal and so on. This is just from my understanding... please correct me if I am wrong... as I am also learning.
I am not giving the answer... I am just showing one of the possible ways on how to find the answer
Give the boy a fish... and you shall feed him for a day. Teach the boy how to ch the fish (FISHING).... and you shall feed him for the rest of his life. Peace
Reading is one thing... DIGESTING is another thing. Do your own analysis or thinking to verify what people write is true or not. Don't just follow others blindly. Be a thinker... not a follower. Just do your own research on what happened to the Forex market last August... the year before... and before that... and so on. You can always scroll back the charts. Then you'll find the answer. Am I helping?
Well he's asking a question and you're basically saying, not telling, find out yourself! Lol.Reading is one thing... DIGESTING is another thing. Do your own analysis or thinking to verify what people write is true or not. Don't just follow others blindly. Be a thinker... not a follower. Just do your own research on what happened to the Forex market last August... the year before... and before that... and so on. You can always scroll back the charts. Then you'll find the answer. Am I helping?
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