7 Most Weird Forex Trading Superstitions

Since the inception of the social practices, man has made his own ways of doing things. Associations have been made between events and occurrences in order to predict future and hence to make provisions accordingly. Time has changed but such associations have remained intact. These are superstitions. When a certain event or a thing is valuable to a person, he tends to get superstitious. Business and trading arena has not remained untouched of certain rituals, few of which are common, like praying to Goddess Laxmi or Kuber before opening the market or keeping the statue on the work station. However, there are few rituals which are little weird, check them out.

Do you follow any of these？

Banning Red ink pen

A successful trader gives all his credit to a blue ink ball pen. He says that I never use red ink pen. It is a sign of loss, the way arrow shows red when a certain stock or currency pair is going down. “I once used red ink pen and has to face the music. Now you dont find a red pen in my entire office. Also I only use a red pen of a very specific brand.”

Jinxed October

This is common belief among avid forex traders that the month of October is bad for trading and full of loss. They rationalize their view with the support of market crashes of the year 1987, year 1929 and the year 1997 in the month of October. Nobody plays a big volume in October.

Lucky Fish

One forex trader tells us that when he started putting money in the market, he bought a fish and kept near to his computer. If the fish stayed low in the bowl he used to stay put and if fish used to appear active he used to call currency pairs. “It always worked! But now my fish is dead, my finances are not doing so well.”

Unlucky Cabin

“There is a proven track.” A trader says, “Who ever goes in the cabin of the second floor loses money in that days trade.” It may sound bizarre but these employees seem to have faith in it.

Getting a fresh currency note

A senior official of Nordfx, which is a multinational currency broker company, shares his customers experiences with us. “One of our clients has made huge gains within 2 months. He says that when he was about to start the trade, he got a fresh new currency note. Since then he always look out to get a new note before starting the trade.”

Lucky Numbers

Many Chinese traders are very particular about numbers. They like the number 8, in Chinese the pronunciation of the letter 8 is like how you say prosperity in Chinese. They like to begin with 8. Number four sounds similar to death in Chinese; hence they avoid the usage of this number.

Lunar activities

Many traders consider full moon a very bad time to invest money. Where as a new moon is considered to be the best time to put money in and it will grow as the moon will grow.

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