FAPturbo Scam Blog

Was it just me or was last night a roller coaster ride?

It was the first day in my personal trading history with FAP turbo that I sustained a loss after a trading day.  It was not a huge loss, but but enough to get me thinking if trading during the holidays is a wise decision.  One part of me wants to milk every trading second available…the other side of me wants to be safe and sound during the holidays.

Most brokers are reporting an increase in spreads during Christmas and New Years.

The spreads are reported to increase before 12:00 PM (noon) EST on December 24th and stay that way until the first of the year. During this time the spreads will be wider than normal.  On January 4, 2009 the spreads should be back to normal.

Note: Spread increases during the holiday season is a lovely tradition and should be embraced.  This is not an issue with FAP turbo.

Traditionally forex trading is not advised during the holiday season.  Most professional brokers will generally stop trading the end of December and beginning of January to spend time with family, friends and put together those insane toys!

FAP turbo’s official recommendation is:

“You can still trade, however we suggest to reduce LotRiskReductor to minimum conservative level possible.”

Here is an article from Forextrading.About.com:

For beginning forex traders in particular, holiday trading is very tempting. It can be difficult to pull yourself away from the excitement on the market and take a break from the action. Let’s examine some of the reasons to avoid trading on holidays.

1. No Liquidity

Banks are usually closed on holidays and professional traders and big institution are on vacation. Because of this, two way trading is very limited. That means that prices can move very easily in one direction if any surprise large orders come in.

2. Unexpected Behavior

Building on the previous idea about liquidity, sometimes a surprising event will happen and because the markets are not liquid, they will move very quickly and sharply. These moves can take place in a blink and if you are trading, the market can make a move against you before you even have a chance to act.

3. Inactivity

The unexpected behavior is usually the exception rather than the rule. Most of the time, there is very little action in the forex market on US holidays. For daytrading purposes, technical analysis usually fails. The market is usually so slow that even if you can make money, it will probably be so little that it isn’t worth it.

Above all, you shouldn’t be trading on holidays because you have to rest sometime. It’s better to take time off and spend it with your family. That time does not come around often and it’s better to take that time off while you can. The forex trading markets are busy most of the time. Holidays are a perfect time to rest , reflect, and recharge.

So, there you have it.  Trade at your own risk during these holidays…or better yet shut off the computer, grab a mug of eggnog and watch “It’s A Wonderful Life.”

So, with that have a very blessed holiday season!