The majority of Forex traders look at their daily charts, if it is a 15-minute, 5-minute, 2 minutes, or 1 minute chart to make their decisions at the time of entering into a trade. It is not often ignored market predictor that will improve your chances of success in many of its operations. The predictor is the season in which the trade is executed. By learning how to do a season of negotiation and how the seasons affect the currency pairs, you are going to add another winning strategy to their portfolio of customers and improve their trading success rate.
What You Should Know About The Season Of Negotiation
There is a common way that people often look at the graphics, and that the following chronological order. Generally, a table provides valuable information for Forex traders on the movement of the currency over the years, months, weeks, all the way down to the minute. However, this is not the only way to book currency charts: another way is to book in season.
This strategy Forex is also called Forex seasonal charts or patterns, then what does it mean? The seasonality of the works on the basis that movements in the foreign Exchange market follows specific patterns throughout the year. Years of accumulation of data is generally observed to come up with a trend that a currency in the following manner. In this sense, we can identify certain times in the year that a currency pair is expected to be higher or lower.Now that it is obvious that the movements of the Currency market tend to follow certain fads at different times of the year, there is an opportunity to profit by the integration of the patterns of seasonality, along with his Forex strategy.
Seasonal patterns in EUR and in USD
There is a seasonal pattern in the EUR and the USD? Through the observation of the EUR/USD future we can expect to see either of stability or decline, this shows that we can point to certain times of the year, which are predictable turning points. For example, in the month of March, we anticipate that the EUR/USD to rise after the fall during the second half of February. In April, we can expect that the relative stability in the EUR/USD and a downward spiral starting in August until the second half of September.
As we can see, the seasonality can be quite effective, but this does not mean that these patterns are not subject to change without prior notice, in any year. One important thing to keep in mind is that you should not rely on the pattern of seasonality, only, when trading Forex. It is best to use the seasonality of backup of what the technical analysis indicates.