Stop Trading FAP Turbo!
If you’re part of my newsletter or FAP Turbo Expert Guide then you probably saw my email a week ago suggesting you stop trading FAP Turbo over the Christmas holidays. It seems some people are still trading though.
If you didn’t get the memo then you need to get signed up for the newsletter. You can do that with the form at the top of this page. If you’re a FAP Turbo Expert Guide member be sure you’re on the special members newsletter. You should have been signed up for this automatically when you joined. If for some reason you’re not you can signup for that using the newsletter signup link in the members area.
Well it’s that time of year again. The Christmas holidays are always a good time to take a break from trading. The holiday season is a notoriously bad time to be trading Forex because there is often a lot of unusual and unstable behavior for a number of reasons …
1) Long term traders often close out their large positions until
after the holidays
2) Large companies stop making large purchases for operations since
company operations often slow down at this time of year
3) Large companies often make strange unpredictable transactions
due to year end book keeping
4) Most large Banks close for the holidays, or at least certain
days during the holidays. These days can differ greatly from
country to country.
In short, it is NOT business as usual and the markets will not usually behave as usual either so the risk you take trading during this time is usually greater than normal and generally not worth it.
As a result I have stopped trading and will resume on January 5th or 6th. You may want to consider doing the same.
This is especially important for scalping strategies like FAP Turbo that require a stable sideways trading range during the off hours.