⑩ Assistance: be aware of patterns and cycles (periods)
We had introduced the old product [Trend Line Pro] on its sales page,
The market is created by people,
therefore patterns and cycles are born there.
A round Earth,
when it completes one rotationper day1day,“day and night”turns once,
Around the Sun1per orbit1year“seasons”complete a cycle,
and people's lives change accordingly.
In FX, then,
the two currencies of the traded pair2countries where they are used
tend to be more active during the daytime (market open) when the sun is shining.
In addition, higher trading volumes
during the London and New York market open times
tend to increase overall volatility (price fluctuations).
It is also wise to pay attention to a weekly cycle.
Mondays tend to be cautious at the start of the week,
with volatility rising from Tuesday to Thursday,
and Fridays often involve position adjustments.
Of course, there is also a monthly cycle.
On the first Friday of every month, the US jobs report is released, and1the end of the month brings many settlement orders as profits and losses are settled.
Additionally, there are larger cycles,
so if needed for your trading style,
we recommend researching and preparing in advance.