Unpredictable currently forex market what the reason?

[guatazoo 7150]

Hello guys have you noticed thats there have bad market conditions in tgd currently forex trading market, the market is just like going randomly, me I think reason might be cause of the USA election.

[huesca123 946]

the US election was 1 of the reasons. the forex market is highly manipulated. roughly 70% of all daily trades are done by the big banks, trading between themselves. there are a number of reasons for all the volatility : brexit, covid, world economy, etc. the best way to learn to trade is by following the major money. easier said than done but possible.

Edited November 12, 2020 by huesca123

[guatazoo 7150]

7 hours ago, huesca123 said:

the US election was 1 of the reasons. the forex market is highly manipulated. roughly 70% of all daily trades are done by the big banks, trading between themselves. there are a number of reasons for all the volatility : brexit, covid, world economy, etc. the best way to learn to trade is by following the major money. easier said than done but possible.

I was really disappointed with that market conditions, because I lost about 80 USD in just a few hours, so i just stop doing forex at the moment till the market become stable again. 

[rahmi777 320]

Yes, of course, the market movement was insane and incomprehensible during the American elections, so I avoided entering deals during the American elections and went back to trading afterwards. 

[joemcgwa 3227]

I think the currently forex market is not un predictable, but the currently forex market is someimes break the resistance line or support line without expected.

[Amr90 1064]

The market volatility and uncertainty currently occurring about a month ago is really due to the elections and also because of the cancellation of the stimulus package in America.
Currently, we see the dollar weakening further, after the election of the new president and his statement that the stimulus package for the economy is inevitable.

[joemcgwa 3227]

On 11/16/2020 at 11:40 PM, rahmi777 said:

Yes, of course, the market movement was insane and incomprehensible during the American elections, so I avoided entering deals during the American elections and went back to trading afterwards. 

So if the market was volatile because of an American election, when do you think the market will become to its normal condition in order to start trading.