Most Forex traders look at their intraday charts, whether is a 15 minute, 5 minute, 2 minute, or 1 minute chart to make their decisions on when to enter a trade. There is one often ignored market predictor that will improve your chances of succeeding in many of your trades. That predictor is the season in which the trade is executed. By learning how to do seasonal trading and how seasons affect currency pairs, you will add another winning strategy to your portfolio and improve your trading success rate.
What You Should Know About Seasonal Trading
There is a common way that people usually look at the charts, and that’s following chronological order. Usually, a chart provides valuable information for Forex investors on the movement of currency throughout the years, months, weeks, all the way down to minutes. However, this is not the only way to observe currency charts: another way is to observe them seasonally.