Day Trading Forex This Summer Is Hot

Are you day trading Forex this summer?

June is coming in hot this week, and trading EUR/USD could be hotter! The early summer market conditions are likely to appear, though this year it will be far from dull. With hot topics like inflation, unemployment, interest rate changes, central banks tightening, crypto concerns, war in Ukraine, unaffordable or unavailable fuel… oh, and don’t forget Covid! Well… I don’t think market volatility can cool off now. That makes a good climate for trading Forex this summer.

Typically in summer the market moves are less extreme and business days are shorter. This is good for people like me, who like to get their trading done in the first few hours of the trading day.

EUR/USD is a good choice for trading this summer, which is possibly moving into territory it has not seen in 20 years. Will the market hold these long-term strongholds, or will economic nerves break down and send waves of momentum into safe haven investments? I don’t know the answer yet, but I’ll be there to trade with you as the story unfolds.

This year there could be better than average trading opportunities.

I expect to see volatility. Central banks are winding out of decades-long quantitative easing, hoping to side-step around recession as constituents hold their breath and hope for the best. I will trade EUR/USD this month. Simply put, I’m looking for opportunities to sell EUR/USD below 1.0700, and buy above 1.0800.

If you’re looking for good ideas about summer trading, stop by The Money Show virtual expo June 21-23. I’ll be presenting about why traders lose and how to end it. Stop by the virtual booth, I would love to meet you there.

Get ready to trade this summer. Join me in the Live Trading Webinars, and I’ll show you. I’ll be there every Tuesday, Wednesday and Thursday at 9:00 am EST.

Happy June Trading!

Jennifer has been trading Forex since 2001. She developed a strategy to anticipate market movements based on repeatable patterns seen in every market.

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