Good evening, dear traders. Merry Christmas and a Happy New Year to all Catholics!
The market is relatively quiet. Some instruments were opened with gaps after yesterday's Christmas, while some have not been opened so far. This is normal. Thus, you must understand that this happens every year, as inevitably as the seasons change. Moreover, Forex is an interbank market, and, as you know, not a single bank will carry out serious large operations at this time. This time is characterized by low interest and liquidity. This means that you should not rely on objective medium-term trends in the currency exchange market at this time. However, the movements can vary, and more so, very sharp and often unpredictable, which then explain everything with reduced liquidity. Against this background, I recommend reducing sales volumes before the start of the year, as well as paying attention to NG natural gas.
Gas is traded at the lows of the year near the historical low of 2016. If you want to build a long-term idea for the purchase of one of the most popular energy resources on the planet, you should pay attention to this from the point of view of the investor. Nevertheless, few people know that the currency market has one of the lowest gas swaps:
In addition, even if they can not be paid by using accounts without charging swaps - they can do another option which is by putting only one checkmark when opening an account.
The trading idea for the purchase of natural gas can be implemented by a network of limit purchases in the range shown in the first figure. Holding a position can be from several months to a year. Therefore, this idea can bring good and stable returns at the investment level.
Good luck in trading!
The material has been provided by InstaForex Company - www.instaforex.com