#317: Trading the FX market when volatility is low

Online Forex Trading Course

Podcast: Trading the FX market when volatility is low In this weekly video: 00:30 – A topical subject – a lack of volatility 01:00 - Do not have a strategy that requires massive trends 01:27 – You need patience to trade these conditions 02:10 – Looking at several different time frame charts 03:00 – Hardly any strong trends right now 03:48 – Get your account auto traded at AMForexCopier.com 04:44 – Making sure your trading strategy is a good one How do you trade the Forex market when volatility is low, exactly like we've seen so far this year in 2019? Let's discuss that and more right now. Hi Forex traders, it's Andrew Mitchem here from the Forex Trading Coach with video and podcast number 317. A topical subject – a lack of volatility I want to discuss a really important subject because it's topical for right now. It's been emailed in from Raphael, and Raphael said, "Andrew can you talk about the Forex market and the volatility or the lack of volatility that we've seen over the past three months?" So here we are in April, 2019, and pretty much since the beginning of the year since January volatility has been quite low. There's not been a great deal happening on the markets in general. There's different ways to approach that, and we'll discuss those shortly. Do not have a strategy that requires massive trends Now what I did need to say to you is that if your trading strategy requires there to be huge trends, like day after day after day or week after week of big up-trends and big down-trends, if that's what your strategy requires in order to be successful, I'm picking that right now here we are in April, 2019, I'm guessing your year has not started well. Maybe that's the issue that Raphael is having. You need patience to trade these conditions So there's different ways of looking at it. To me, you need to have patience in your trading. It's really, really important that you have patience. Don't just go taking trades just for the sake of trading. If there's nothing there, don't take anything. As an example, this week on the weekly charts I've suggested there are no trades to my clients. Yes, I've suggested some strength and weaknesses based on the weekly charts, but no specific trades. Last week there were three. When I hold my live webinars and I discuss the trades that we've seen, the good set-ups according to our strategy over the past week, sometimes I'm finding that the four hour charts would have tremendous setups and then another week the four hour charts have very few setups. Looking at several different time frame charts So it all comes down to when you get these low volatility trading conditions is having the ability to look at several different timeframe charts. That's why we use offline charts and we have the ability to look on MT4 at charts like six hours, eight hours, 12 hour charts as well as the normal standard MT4 charts. Because when we have the ability to look at different timeframe charts, that's what gives us the edge and that's what gives us the flexibility to look at what's happening in the market and only picking those very top quality A-grade setups. Really important that you do that. If you are trading say the daily charts and you need to have strength after strength after strength, then right now you're not doing well. So it comes down to trading what you see on the charts at the time. Hardly any strong trends right now Using some strength and weakness as well. Really important that you do that, because the market is kind of all over the place. It's not a really obvious trend in hardly any currency pairs right now. Even the Euro and even the Pound with all the Brexit news going on. When you would expect the Pound to be dropping sometimes it's going back up again. So really important that you use what you see on the charts right now. Use strength and weakness. Use my guide if you want. I publish free analysis every single day on my websi...