"Stock Forex Market Trading Blog, Daily Trading Blogs for Traders" - 1 new article
What is October Effect?October effect is the belief that the market tends to decline in the month of October. Today this is considered only as a psychological expectation of traders rather than an actual phenomenon. Statistics over the years shows that October is just like any other month. An opposite phenomenon is observed in the month of January known as January Effect, which is more common and is related to tax paying. Statistics of the last 30 years shows that on an average, October is not the worst month of the year, it is September. In the late 90s and early 2000, October was the most profitable month of the year. In 1946, 1957, 1960, 1966, 1974, 1987, 1990, 2001, and 2002 October was also the month which ended some of the major bear markets. One reason for this is, as the phenomenon is widely known and expected, traders are prepared to exploit any decline/sell-off. NobleTrading.com Offers Online Stock Trading, Online Options Trading Online Futures Trading, Online Forex Trading Worldwide Brokerage Service, Day Trading Brokerage  • Email to a friend • Related • More Recent Articles |
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