GBPMXN is an exotic pair that is very high risk - but also very rewarding if you find the right entry point and are prepared to lose big time.
Losing? Big time? Ooops - nobody want so hear about that! Right? LOL.
I was taken out for a major loss a couple months ago, as I did not appreciate how violent this pair is. But.. but I've learned a lot in the last two...
In this screen cast I explore the Halloween Effect -which is a seasonal pattern - going back to 2012.
My overall position is that from 2012, the Halloween Effect is more probable, However, it is not 100%.
Statistical studies have been tracking this effect based on data largely based on a far more data before 2012 (but including the time up to the the present)....
This is on BTCUSD on the Daily time frame. I get right into my own psychology and explain what I'm feeling terms of FOMO.
I point out how the FOMO mentality causes people to lose big money. I've put on a paper trade, to explain this.
Note that ESMA and the NCA's have pointed out that:
... trading across different EU jurisdictions shows that 74-89% of...