It’s that time of year again…..How much will you read this holiday season that starts with that line? Oh, I know! It’s a popular phrase during the holidays and beyond. The feeling created when this string of vocabulary is used generally harkens to something that occurs with regularity and predictability. Which is PRECISELY why I went all cliche here and used it! We have come upon this Thanksgiving week in the forex market which seems to be right along the lines of what I usually know it to be…….slow. Unlike many markets, forex has the advantage of not only being able to trade 24-hours a day, but also that it functions in a tradeable capacity during more parts of the year. This is a good thing as money can be made throughout the 4 seasons……..with some notable exceptions. The week of Thanksgiving beyond Tuesday is generally a great time to enjoy the week off of trading forex. It is only one of two periods of the year I get a planned break from trading and analyzing the market. It is a phenomenal time to get caught up on your caloric intake and enjoy watching pickup trucks dressed as football players play demolition derby in freezing conditions (Go Steelers!). It is a moment in your life to relish times spent with those closest to you. But enough about my week, this is supposed to be about trading right? So why would we want to avoid this week?
If these three reasons don’t convince you not to trade, think of your sweatpants (“fat pants” in my house). They miss you…..don’t let them down by not filling up to secure them! I truly hope everyone has an enjoyable week and we will be back in action ready to trade next week! I will write a special article on Thanksgiving day for everyone here so check back then! Turkey Day Away!
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