whenever market motion becomes really slow as well as boring,i don't like buying and selling during this kind of period due to the difficulty for making profit throughout such time period and that is the greater reason why i favor to industry during energetic market program
usually a slow market movement is caused due to a major trend in the trade previously so it will look slow and we can wait for it when it's no certainty where the market will move nextOriginally Posted by RambutPendek
YFriday is the most volatile day according to my observation. Very important data releases on Friday like NFP and GDP. I think traders should concentrate in trading on Friday to earn big profits
The worst times to trade on FX market is :
- On Sunday, unless you want to enjoy the Chinese indicators during the Asian session but it's at your own risk
- Friday during the American session due to a fall in liquidity
- During the holiday. Since the holiday season is approaching, we recommend reading our tips for better assessment of the market by reading our article on trading during the holidays.
- During the major economic events that have a significant impact on the market.
Indeed for some trader will avoid trading at sunday and friday,but i am sometime enforce trade in sunday and friday,no matter will gained proft or loss,just fighting,but still consider with limit of risk,so put stop loss or other way to limit risk is compulsory,like as friday that passed,i am make good profit in NFP news
I actually mean that everyday has the chance to trade forex, though many people fear to Monday and Friday trading, but many of them likes to trade the following day, it depends on your strong analysis for the day, if you have to experience and good analogy you can trade every day.
When you are in bad mood or not feeling calm and cool, then don't trade at that time. Also if you are feeling angry don't come to your charts as well.
friday night i mean closing day must be dangerous.so we should not open position at this day because i lost too much money at this day.
I am disagree with you. The best time for trading is not always when New York market is open but it's
depending on your style of trading. If you like to trade with news so it's good to use London and New
York session but if you're scalpers, it's too risky to trade in New York session.
I don't think so that there is any worst time in forex trading, if the trader can get the proper learning and get the more trading demo practice to make trading more effective to earn the more money.
Posting Permissions
Reply With Quote