QuoteDislikedIn general end of year see choppy price action due to profit taking and position liquidation before the holydays and in preparation for the new coming year. The volume of trades is lower. This makes trading more difficult, mainly for trend followers.
This will change in the coming weeks where major position trades are opened and market can trend again.
Thanks, Hani!
I think I am finished scalping for the day with the few pips made this morning so I can say I ended the year on a positive note. I will wait till the new year before I start looking at positions for my medium term trend following.
Hani, thank you very much again for your guidance. Hopefully next year when I gain more experience, I will be able to ask questions of a more intelligent nature!
Wishing you and your family a brilliant year ahead and to everyone at the Forex Factory as well !