Forex Trading: When It is Not Advisable to Trade

[Forex Trading: When It is Not Advisable to Trade]

We know that the Forex market is opened 24 hours on 24, five days a week, or from Sunday evening until Friday evening. The weekend all the exchanges are closed, so even currencies are stationary. The Forex opening on Sunday coincides with the opening of the first exchange of the week in the East.

 

Although it might be possible to do Forex in every moment of the day and in each of the times when the currency market is open, this does not mean that every moment is also good. There are times when it is more suited to trade currencies.

 

To have the greatest chance of success is absolutely indicated to do trading at one of these periods, not outside. The fact remains that even outside the periods of greatest importance is possible to have good results.

 

Surely, you do not make trading Sunday evening, as the majority of exchanges are still closed, especially those of greatest importance, such as the New York Stock Exchange or the London Stock Exchange which is the first in the world for currency traffic.

 

Also Friday and Monday morning are times to be avoided, since it is more difficult to make forecasts, and you risk to lose everything you have done during the week or starting on the wrong foot.

 

Then you should not trade close to, and just after, the release of a very important news. The reason is simple in this case, it would be better to wait for the market reaction to this news and try to ride the wave.

 

Also you should not do Forex during holiday periods, such as at Christmas or at mid-august, since the trades are substantially more thin and it is difficult to make a good prediction.

 

All other times are more or less good. Remember however that also depends on your way to trade.

 

Delirium for beginners ...

You need to trade on any day of the week, except of course the weekend.

And trading on the news is the best thing a trader should do.

[News trading]

Hi to everyone and first sorry for my little english

I’m new and I want to talk about a topic that I didn’t see very discussed.

I'm passionate theories that want market trends related to the news coming out every day and I want to see who of you are using news and how.

questions as well as food for thought:

- do you usually look at the economic news before trading? from which sources?

- why you look? what are the important parameters?

- What the associated? after watching a news and considered it interesting, what other stock data you go to see?

-if the news is good or bad , how do you act?

- How much importance you give a percentage to the influence of the news on your trades?

thanks to everyone who can respond, even to some of the requests that I made.

I want to learn your secrets

good trading

 

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News trading discussion - continuation - Page 72 @ Forex Factory