By: Charley Warady

We are now in the lazy, hazy days of summer. People are on vacation, sailing in their new boats which they bought from taking out some margin money from their Forex accounts. Governments are tired of making life-changing decisions for a couple months. It's just too hot.

The summertime Forex market is in full swing. And because it is the summer, that full swing becomes more of a half lethargic swing. A lot of the big money that sways the market one way or another is also taking a break, and the Forex market can't help but reflect the lack of intensity. It happens every summer.

All the information above can be looked at as an excuse to stay away from the Forex market during the summer. To stretch out in the chaise lounge and wait for the summer to be over. However, nothing could be further from the truth.

Now is the time to trade Forex. The EUR/USD is showing such a nice upward trend, it's almost impossible to resist. Because of the fact that so much of the big money is missing due to the time of year, even bad news hasn't been able to sway the makings of this bull market. If you read much of the Forex news, it seems to directly contradict what the Forex market is actually doing. Take a look at your charts and you see why. The support lines are holding beautifully and should stay that way for the relatively near future. There are points of resistance coming up soon, but for now, it's yet to be seen.

As with everything, there's no telling when the sleeping giant might wake up and rear its ugly head. But in the meantime, this is no time to be outside sunning yourself. It's almost like quietly sneaking in some profitable trades while nobody is looking.

Don't worry. There will be plenty of turmoil and unreliable markets come the fall. There always are. Now is the time to methodically add to your margin through some careful charting and riding of trends.

The good people that write the Forex news have been trying to buck this upward trend, and they haven't been too successful. At least it seems that way. There is always a way to pick out some bearish news in a bull market (and vice-versa). The trick here is not to get sucked in to the trap of "the news is right – the market is wrong". It never matters what the news is. The Forex market is always right.

Perhaps if there was more big money involved right now, the news effect might have a greater impact. But these are the lazy, hazy days of summer. Even the Forex market needs to take a break from wild gyrations occasionally.

If you are one to take vacations, and need a break from Forex trading, this might be a good time to do it. Don't worry. Your friends that are trading and making money in this market will be able to tell you all about it when you come back from sailing.