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Forex » Main Discussions » Forex Beginner Talks » time to trade can make a difference between successful and hopeless trading.
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Old 07-06-2008, 11:33 PM
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Smile time to trade can make a difference between successful and hopeless trading.

This recomendation is often wrongly taken as an optional thing, because everyone knows that Forex market is open 24 hours a day 7 days a week. Yet, choosing the time to trade can make a difference between successful and hopeless trading.

It's proved and highly recommended not to trade on Mondays, when the market has recently awaken and is making first "probation steps" to form a new or confirm a current trend; and on Fridays afternoon, during the huge volume of closing trades. The best days to trade are Tuesdays, Wednesdays and Thursdays.
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