{"id":31057,"date":"2013-09-04T17:13:34","date_gmt":"2013-09-04T21:13:34","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=31057"},"modified":"2023-08-01T17:43:48","modified_gmt":"2023-08-01T21:43:48","slug":"anyone-make-money-in-slow-markets","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/anyone-make-money-in-slow-markets","title":{"rendered":"Anyone Make Money In Slow Markets?"},"content":{"rendered":"

Recently one of the trainees in the chatroom asked me if the slow currency markets are normal as we conclude the summer months of this year. \u00a0My answer? Yes, we are still in holiday mode. I then explained my theory as to why we experience slow markets in general which is what I am going to explain to you in this article. \u00a0More importantly, is anyone making money in this? \u00a0The answer is yes and I am going to highlight some of the recent performance from another one of our trainees.<\/p>\n

As far as the markets being slow, here is what I think. \u00a0Currency markets, as well as the broader financial markets are not dominated by tiny players like us. \u00a0They are dominated by governments, global banking institutions and very large money managers. These powerful market forces follow a routine. \u00a0Why they following it the way they do is beyond me, but all that matters to me is that they follow it. \u00a0Part of that routine includes going away in August, especially in weeks 3 and 4. \u00a0There may be some outdated agricultural reasons for this behavior, I am not sure. \u00a0The point is this: If the people who control very large amounts of money are taking a break, and they are all doing it at the same time, then there is no force behind price action.<\/p>\n

What happens in this environment when the big guys are away? \u00a0You still have lots of little guys who are trying to gain experience, or are too stubborn to know better and insist on forcing trades in this environment. \u00a0As a result, you still have movement in the market, but it is very infrequent. \u00a0A news report or some talk from a central banker can ignite a market move, but the follow through is extremely limited.<\/p>\n

I do realize that big money taking a vacation is just one variable that can help keep markets quiet. \u00a0It is not the only one. \u00a0Complacent markets are the result of many variables coming together. Transparent monetary policy, lack of economic surprises, etc also lead to a very complacent market where there is no reason to fear anything. \u00a0Fear is what creates large swings bullish and bearish.<\/p>\n

Coming out of the summer months doesn\u2019t mean we are going to return to more volatile markets overnight. \u00a0It is a slow process. \u00a0In my opinion, we won\u2019t see a more normal environment until the beginning of October.<\/p>\n

So the big question is: Is it worth trading in this environment? \u00a0Does anyone make money? Yes to both questions. \u00a0To give you an example we can take a look at some of the recent performance of my trainee Morgan. \u00a0She has recently taken a number of trades in the EUR\/USD, GPB\/USD and AUD\/USD. \u00a0She waited patiently for setups which were spread out over an entire week. \u00a0She knew enough to keep her expectations small and exited using predetermined limit orders for small profits. \u00a0She carefully observed price action and waited for validation when after a setup appeared. \u00a0In other words, she did not force trades, she just followed the process that she has taken her almost a year to get fully comfortable and confident with. \u00a0She finished the week ahead and nicely. \u00a0Take a look at one of her charts here<\/a>.<\/p>\n

She is a prime example of a committed student. \u00a0She has worked hard to understand and implement the methodology that she has learned from me at SMB. \u00a0She has been patient and used her mistakes and losing trades as learning experiences. \u00a0She had an open mind from the start. \u00a0Her foundation is now strong and she can move forward with her trading with enormous confidence. \u00a0Is she an expert trading guru? No, she is still early in her learning curve, but she is so far ahead of the conventional, fearful, and unaware trader. \u00a0She is ready to grow financially. \u00a0This is where all beginners are in a hurry to be and never get there because they are in a hurry. \u00a0You want to see progress in your trading? \u00a0Be prepared to invest a year of training.<\/p>\n

I bring up Morgan because she is a testimony to the fact that money can be made in such a slow environment and you don\u2019t have to be a top trader. \u00a0You do need a well defined methodology and the patience and flexibility to adhere to your process. The biggest obstacles are not coming from the market, they are coming from your own psychology.<\/p>\n

Market activity and price ranges change constantly. \u00a0We can\u2019t point to one reason, and we don\u2019t need to know why in order to operate profitably. \u00a0Before giving in to your lack of patience, you need to reconsider your trading process if you can\u2019t make sense of these market conditions. \u00a0A robust methodology will allow you to operate in most conditions with some adjustment. \u00a0The market is always right, you just need a way to understand it and then adjust. \u00a0I hope you found this article informative. \u00a0Please let me know what you think in the comment section.<\/p>\n

 <\/p>\n

—
\nMarc Principato, CMT,<\/p>\n

 <\/p>\n

Risk Disclaimer<\/a><\/p>\n

*No Relevant Positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Recently one of the trainees in the chatroom asked me if the slow currency markets are normal as we conclude the summer months of this year. \u00a0My answer? Yes, we are still in holiday mode. I then explained my theory as to why we experience slow markets in general which is what I am going to explain to you in … Read More<\/a><\/p>\n","protected":false},"author":1030,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2076,2051],"tags":[2240,1390,3179,174,1664,56,18,653,38,2239,4690,3228],"class_list":["post-31057","post","type-post","status-publish","format-standard","hentry","category-marc-principato","category-smb-forex","tag-educational-plan","tag-forex","tag-holiday","tag-market-activity","tag-mentor","tag-smb","tag-smb-capital","tag-trader-training","tag-trading","tag-trading-business","tag-trading-education","tag-trainee","no-post-thumbnail"],"yoast_head":"\nAnyone Make Money In Slow Markets? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/anyone-make-money-in-slow-markets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anyone Make Money In Slow Markets? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Recently one of the trainees in the chatroom asked me if the slow currency markets are normal as we conclude the summer months of this year. \u00a0My answer? 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