What are the best days for trade on the Forex Market ?
I red that fridays must be avoided (because they are ver unpredictable), as well as sundays & holidays (obvious).
What do you think about traiding on fridays ? as well as mondays, tuesdays… etc ?
thanks !
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May 27th, 2010 at 8:44 am
The answer depends upon many factors. What type of trading are you doing? Does your type of trading do best in a volatile market? Does your type of trading do best in a bearish or bullish market? What are your objectives? How much are you trading? What types of stocks or bonds do you prefer?
I would suggest that you monitor the stocks in which you are interested and track their trends.
Finally, do not bet more than you are willing to loose.
May 27th, 2010 at 9:10 am
Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.
Here is a free site that shows what has happened after economic news releases:
http://www.forexnewspatterns.com
May 27th, 2010 at 9:58 am
I agree it depends on many factors and market too. It is better not to depend on this factor.