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Most Favourable Month

  • #1
  • First Post: Edited 7:05am Nov 15, 2007 7:04am | Edited 7:05am
I really want to know which months re favourable 4 trading forex
It seems that November is the worst month!!!!!!!!!!!!!
Everything is bare Making the best out of pips
  • #2
  • Nov 15, 2007 11:54am Nov 15, 2007 11:54am
that really is impossible to answer.. Some traders will be doing well this month, others will be doing badly. Don't forget all months are bad to most traders as most traders lose.
  • #3
  • Nov 15, 2007 12:05pm Nov 15, 2007 12:05pm
If you trade your own money almost every month will be bad but some of them will just be worse than bad

If you trade someone else's money you will have many good months
  • #4
  • Nov 15, 2007 1:25pm Nov 15, 2007 1:25pm
First week of the month and first month of the year are the most greatest time to trade, if you know how it works!

Trainee at UBS Investment Banking
  • #5
  • Nov 15, 2007 2:36pm Nov 15, 2007 2:36pm
Makes no difference what month, day, minute or if market is "trending" or "ranging", price behaves the same. There are no good or bad times.
  • #6
  • Nov 16, 2007 3:35pm Nov 16, 2007 3:35pm
Quoting th_ngue21
First week of the month and first month of the year are the most greatest time to trade, if you know how it works!

I believe you are referring to the January anomaly. In the stockmarkets this is strong, however I do not see this in the same strenght in the currency market. Then again it depends on the timeframe or pair traded but to my experience it makes no difference. I trade 1 and 5 minutes and eur/usd, usd/jpy, gbp/usd pairs. Neither do I see any difference with the first week of the month or any other. I believe you are referring to nonfarm and unemployment rates. Some think friday is the worst day of the week, I disagree. If you look at the charts you will see some nice moves on those days. There are different ways to trade but good or bad times is a myth.
  • #7
  • Last Post: Nov 17, 2007 4:58am Nov 17, 2007 4:58am
Quoting Northernstar
I believe you are referring to the January anomaly. In the stockmarkets this is strong, however I do not see this in the same strenght in the currency market. Then again it depends on the timeframe or pair traded but to my experience it makes no difference. I trade 1 and 5 minutes and eur/usd, usd/jpy, gbp/usd pairs. Neither do I see any difference with the first week of the month or any other. I believe you are referring to nonfarm and unemployment rates. Some think friday is the worst day of the week, I disagree. If you look at the charts you will see some nice moves on those days. There are different ways to trade but good or bad times is a myth.
Great response from you!

I was only joking bro.
In Forex World, you simply cannot skip a month, because you never know what months the worst are. For example, in 2005 and 2006, the month november I made 1000+ pips. Now, only 2 weeks left, I have +16 pips.
Or in Juli 2007, I lost -460 pips and in 2006 I earn +670 pips.

See.. The best months are tradable months!
Trainee at UBS Investment Banking
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