March 15, 2010 | In: Forex
Never Trade on Mondays
I’ve been reading some beginner stuff about forex trading and one thing that caught my attention is that many experienced trader always advice not to trade on mondays. The reason behind this is because you want to know what will be the starting setup for the coming week so letting the first days alone is crucial. It also has the less volatility when it comes to pip movement.
I don’t know… Since I started trading, I’m never been more excited about mondays. When I was still in a full time job, I despise mondays! But now, I’m excited and I can’t even sleep sometimes.
What do you think? Do you trade mondays?
3 Responses to Never Trade on Mondays
Thirdy Lopez
March 18th, 2010 at 3:52 pm
Resources also said not to trade on Fridays.
Trade on Tuesday PM to Thursday PM….
Jeff
March 20th, 2010 at 12:39 am
Yeah. I like Tuesdays to Thursdays because a lot of movement in the market. I noticed Fridays, just before closing time, there’s a lot of activity as well.
Knight
April 28th, 2010 at 2:30 pm
Hello!
I have been trading for quite some time now and I have developed a fondness for weekend trading where sometimes I almost go all in. Try taking advantage of weekend gaps. :p