Last trading day of the month: Trading seminar in Japan
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Last trading day of the month is a lecture from a Trading seminar in Japan. For more videos from the seminar click here: https://www.youtube.com/playlist?list=PLKVhG9CW7OB4bfUdjciJIbGD534_iqLe_
We receive many questions in the Academy about why Petko Aleksandrov does not prefer the last trading day of the month? So, we will give the answer with this video from the Tokyo Trading Seminar.
Why does Petko Aleksandrov not trade on the last day of the month?
Do not trade on the 1-st of January or the last day of the year. Also, you can avoid the last day of the month. Because this is when the huge banks and institutions, they take profits. These are huge transactions that happened on the last trading day of every month that influence the market.
So for example, if it is a Japanese company working in the UK and at the end of the month they want to take their profit in Japanese YEN, they will convert the Pound (GBP) to Yen (JPY).
So these are really huge transactions for millions and billions, and if they do it, they influence the GBPJPY (Pound Yen) currency pair.
Petko Aleksandrov is the Head Trader and Mentor at EA Forex Academy, and in his courses, you will get the best of his experience. Already over 16000 students, from all over the world, joined the courses from Forex Academy, and all are trading his Expert Advisors.
All courses are online, and once you enrol in, you will receive lifetime access and updates for it.
Petko Aleksandrov has created his courses focusing on the robustness of the Expert Advisors and the process to create many EAs without IT skills. This is very important in algorithmic trading for all traders.
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� If you have any questions about Last trading day, please, write in our trading Forum, where Petko Aleksandrov will answer you as soon as possible.
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