Magic from the Forex markets keep going for a new year.
A few hours resting during New Year’s Eve and everything is going back to work beginning from Australian market, later the Asian markets, following Europe the United States again and again day after day.
This market continuity allows traders to find plenty of opportunities for placing trades varying not only the pairs they are following but also varying market audience.
Forex major pairs conditions for 2013
Evolving market time hours bring not only new different audiences form different countries, but also different number of market players affecting market volatility.
Trading some pairs may show benefits if done while one of the pairs market is open. News and big players from the country may have additional interests and expectations pushing specific direction to that pair.
Some other Forex major pairs are not affected by their own market being open or not. As those pairs being widely traded by many people they move independent from their own country players’ activity.
New Year 2013 begins finding many news titles from 2012 without being completely solved. Same as last year at the beginning, debt, fiscal budget and taxes problems are worrying at the American markets. On the European front line, debt problems at Greece, Spain, Italy same as high unemployment rates are daily concerns for governments, citizens and obviously also for forex market traders.
Forex money manager versus market mood
There are highly appealing short and long positions for placing trades combining different time frames and different currency pairs. All those new circumstances being shown by markets this New Year, at some point are just the same as those at the beginning of every year before. All those market opportunities allowed some traders to book nice profits and for some others they only offered sour loses. All the same ingredients present at market but the cake taste different. Isn’t this fantastic?
It does not makes difference if you trade following your own forex trading signal, if you place your own forex market trades, it is the same for those having forex account manager trading best managed forex account or novice traders owning mini lots forex account. Everybody is object of market mood.
Even the most disciplined top Forex money manager, professional top forex strategy trader or novice traders trying to learn how markets work all them are faced to the same ever changing scenario.
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