For me, the favorable market is [Okachan-man]

As anyone who has traded FX for a long time knows, there are favorable and unfavorable phases in the currency market. What kind of market conditions does Mr. Okachan-man, a professional trader, call favorable for winning? This time, in addition to two patterns of favorable markets, we will also introduce two patterns for finding the trend.

*This article is a reprint/edit of an article from FX攻略.com July 2020 issue. Please note that the market information described here is different from current market conditions.

Okachan-man Profile

From Fukuoka Prefecture, born in 1980. Hobbies: news search and bar hopping. Specialty: not sleeping. Started FX in 2011 and now lives a comfortable life as a full-time trader. He has strong intellectual curiosity and exceptional information gathering and analytical abilities. Recognized by the “Trade Team Inishie” as a core member of the team. Strong in swing trading based on fundamentals analysis.

Inishie-style FX Blog:Fundamentals Trade

Favorable when there are factors moving the market

For me, the easiest markets are trend markets. For example, when there are factors with a major impact on the market such as the “Brexit” of the United Kingdom and the European Union (EU), the market is more favorable to winning. This time, I would like to introduce two patterns of market conditions that I find easy to trade and favorable to win.

① When capturing the beginning of the trend

Prepare so that the trend can begin at any time, and once the trend starts, trade accordingly. This pattern is essentially a waiting-for-a-catalyst situation; it occurs infrequently, but you can earn significantly with a single trade.

The 2017 French presidential election was an example of this pattern. At that time, economic indicators in the Eurozone showed strong results, and the market was waiting for the end of accommodative policy (tapering). Naturally, when tapering occurs, Euro buying advances.