Forex Seasonal Calendar Patterns

forex-calendar.jpgMost traders have heard of seasonal patterns, something which is mostly associated with commodities. The foreign exchange market also has calendar patterns which influence trading, and just like in commodities, traders can take advantage of them to improve their odds for success and profits.

Obviously, one strategy which could be employed is a simple enter-and-hold based on the pattern for a given month or weekday. That, however, does leave one open to the both in-trade draw downs, some of which can be substantial, and the simple fact that patterns do not always repeat every time, and sometimes change.

One of the greatest benefits of today’s foreign exchange market is that instead of the thousands of different trading instruments that you would have if you trade the stock market, you can count the biggest currency pairs in the world on your two hands meaning that it is much easier to track and also much less confusing.

When you decide to follow only one or two major currency pairs, there is much less information to keep track of and you can easily follow the values of the fundamental or technical indicators that you are using in your strategy. To employ forex calendar patterns, traders must utilize the same good risk procedures as are always necessary. This applies regardless of the strategy employed.

 

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