Is August really a dead month for trading?

[ria_rose]

Super thank you for this Clint! This has been a very exciting and interesting poll. Haha. Very enlightening too. Congrats also Manxx! Haha. I knew you’d get it!

[Omondi]

Hey Mate. I’m kind of new in this venture. Was looking for someone who can mentor me through this journey. I’m still running a demo account which has not been a smooth curve for me yet. I think you can be of great help to me. Kind regards and looking forward to hearing more from you.

[lg_mrmomry]

Yup August is dead for me. For the last 2 years and this year started off bad so it seems I’m just gonna chill til September comes.

[Manxx]

Hey Mate. I’m kind of new in this venture. Was looking for someone who can mentor me through this journey. I’m still running a demo account which has not been a smooth curve for me yet. I think you can be of great help to me. Kind regards and looking forward to hearing more from you.

I am not sure if you intended this post to me, but it was posted as a reply to my post, so I will answer it!

I do not do private mentoring, nor would I be any good at that!

In my opinion this forum is a mentor in that you can post all your queries here and receive thoughts, ideas, comments from a range of people. You can then just sift the wheat from the chaff…

[Dacity889]

What are you guys talking about. I’m a new trader I started off trading paper for two years before I finally felt comfortable enough to trade real money. I average a 68% win rate. And I been cleaning up this month. Maybe you should rethink your trading strategy.

[Manxx]

What are you guys talking about. I’m a new trader I started off trading paper for two years before I finally felt comfortable enough to trade real money. I average a 68% win rate. And I been cleaning up this month. Maybe you should rethink your trading strategy.

Congratulations on that - whether it is August or any other month!

As I mentioned earlier…

This is a traditional claim in equities but in forex I think it depends on what type of trading one is doing.

[mlawson71]

What are you guys talking about. I’m a new trader I started off trading paper for two years before I finally felt comfortable enough to trade real money. I average a 68% win rate. And I been cleaning up this month. Maybe you should rethink your trading strategy.

Congratulations!
Which currency pairs are you trading?

[Dacity889]

Gbp/usd, Eur/usd,aud/usd and Gbp/nzd

[sebastiano]

Interesting thread, I wish I’ve seen @Clint’s poll earlier
@ria_rose, did your friend tell you why the Chinese traders are not active during August? That would be interesting to know.
@Dacity889 very good statistics indeed. Do you do manual trading or use Experts?

[ria_rose]

Yeah! Haha. When I asked her, she just said that it’s just because of bad luck? I don’t know much about Chinese culture and beliefs but from what I’ve heard, they take those things really seriously.

[mlawson71]

There was a poll? Where?

[SufShiken]

August Isn’t Always a Sleepy Month for FX … The first week of August was a fairly good one for the US dollar.

[ria_rose]

Haha. It wasn’t an official poll but Clint put together this really interesting poll where we had to guess which one’s the chart for August. (He also included the charts for the other months of the year ) It was fun! Haha. And just goes to show that August isn’t as dead as I thought it was.

[sebastiano]

Yeah! Haha. When I asked her, she just said that it’s just because of bad luck?

Bad luck? This is the first time I hear about this. Very interesting indeed but not surprising at all, I know that Chinese people are quite superstitious.

[mlawson71]

Haha. It wasn’t an official poll but Clint put together this really interesting poll where we had to guess which one’s the chart for August. (He also included the charts for the other months of the year ) It was fun! Haha. And just goes to show that August isn’t as dead as I thought it was.

Ah, I see, I see. I must have missed it, it sounds fun.

[VarSine]

Every month is best for trading until a bad news occurs in the market. Market shows a huge liquidity when any kind of big news occurs. This is the time when you can earn huge profit from the market and vice versa. You must have good power of prediction to tackle this kind of situation.

[jessoprules]

Not much news in August either.

[Luke_Ronchi]

You are always welcome! Basically, institutional traders take off too.

[J_C_Anderson]

“Sell in May and go away” - that is how traders say about the summer trading.
And it is not only about the trading, but business activity in general.

There was an opinion somewhere, that nearly all important market movements starts in the end of August.

Also, there can be an opportunity to trade on unexpected news.

[Hasturen]

I don’t think that it is true. It maybe a coincidence that you are losing in August. I have also seen many people win great profits in the month of August. You just need to work hard and forget about the month you are investing in. Am I right guys? Comment your answer.