Sometimes there will be no reason to trade a currency. If you cannot find a clear buy or sell signal, don’t worry about trying to make money. This is sometimes difficult to do, but it is the reality of the market; if there is no signal to trade and you try to force a trade you will probably lose money. If there are no present opportunities you should not waste your time, energy, or money trying to pull trades out of midair. This Tom’s EA review covers these issues of a quiet market and what to do.
These conditions do not last forever. There will always be a market moving in the future. But a choppy, unpredictable market is tough to enter correctly. In a situation like this, you are much better off waiting. This is especially true if you have commission costs and transaction fees. The broker will want to take a cut of what you are trading with. If there is no positive movement, then you will be losing money through these costs. Known as slippage, the costs associated with trading can oftentimes lead to long term losses, even if your trades themselves are slightly profitable.
If you must trade, instead of investing in the currency you were looking at, take time to research another angle. There are always profits to be made and just because the trade you originally wanted to make will be a losing one does not mean that there are no profitable trades to be made. Do a little bit of research and find a new angle to attack the market from.