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Is it necessary to choose the right day to trade?

Nathanael Oswald (tomoswald)
Oct 11 2022 at 10:28
8 příspěvků
Although I know that the Forex market is open 24 hours a day, 7 days a week, and also understand that choosing the time to trade can make a difference between successful and hopeless trading, I am wondering if it is true that every Monday is not a good day to trade because the market recently awakens 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.

As per another statement, the best days to trade are Tuesdays to Thursdays.


“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in a one-night stand a romantic.” – Warren Buffett
KAnthony
Oct 13 2022 at 13:35
116 příspěvků
hi all. i'm newbie. i understand it's necessary chose right day. maybe depends on news. maybe depends on your analysis and expectations. but as for me not corrected trade any day without analysis.
Akasuki
Oct 16 2022 at 18:46
617 příspěvků
If you pass more and more time with the market, you can possibly build up a strong and positive mindset.
Seb King (sebking1986)
Oct 17 2022 at 09:25
538 příspěvků
Depends on many factors. The day makes less difference to me than whether my rules for a trade are triggered or not. If that happens on a Monday then I take a trade, if not, I don't. Keep it simple.
If you can't spot the liquidity then you are the liquidity.
Nathanael Oswald (tomoswald)
Oct 17 2022 at 09:45
8 příspěvků
Akasuki posted:
If you pass more and more time with the market, you can possibly build up a strong and positive mindset.

Awesome post! Thank you for reminding us about the mindset towards trading.
“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in a one-night stand a romantic.” – Warren Buffett
Hutch_fx
Oct 17 2022 at 10:43
1 příspěvků
I have personally found that my results are better from the back end of the week, Thurs and Fri. But I only found that out through reviewing past trades. I think each person / strategy will perform better at different times, just need to work out what works for you
davesper
Oct 17 2022 at 11:38
197 příspěvků
To be honest, I don't think this is the right approach. I'm more of a supporter of the idea that if a trader has enough experience, you can start any day.
KAnthony
Oct 17 2022 at 12:14
116 příspěvků
Hutch_fx posted:
I have personally found that my results are better from the back end of the week, Thurs and Fri. But I only found that out through reviewing past trades. I think each person / strategy will perform better at different times, just need to work out what works for you
hi. i read your post and know thinking about my results. maybe my best're tuesday and wednesday.
nki111
Oct 19 2022 at 06:51
3 příspěvků
Depending upon the strategy and the trend you want to take benefit of Mondays can be good or bad! You need to choose how you want to make it work for you. Every day is unique in the market. With experience you will be able to get an understanding what is working in your interests as per your strategies and decisions. All the best!
Fulfilling my goals happily
jisanjipu
Oct 19 2022 at 09:22
49 příspěvků
Forex is really a challenging issue , need a very long time issue first of all.
forex_trader_[3036016]
Oct 19 2022 at 11:56
15 příspěvků
davesper posted:
To be honest, I don't think this is the right approach. I'm more of a supporter of the idea that if a trader has enough experience, you can start any day.
I agree. A trader should know how to find an opportunity and make it potable, no matter where the market stands.
forex_trader_[3036016]
Oct 20 2022 at 08:14
15 příspěvků
davesper posted:
To be honest, I don't think this is the right approach. I'm more of a supporter of the idea that if a trader has enough experience, you can start any day.
I agree. A trader should know how to find an opportunity and make it potable, no matter where the market stands.
MythCloset
Oct 31 2022 at 10:17
16 příspěvků
Personally, I feel Tuesdays to Thursdays are the best days to trade. Trading is not possible on weekends because of low liquidity.
davesper
Nov 01 2022 at 12:44
197 příspěvků
It seems to me that the results of the work depend little on the day of the week. It is more important to see the market conditions that allow you to get a positive result or vice versa.
Seb King (sebking1986)
Nov 02 2022 at 12:55
538 příspěvků
Depends on how you trade but I think the markets generally form recognisable patterns over the course of a day and also over the week, month, quarter and year.
If you can't spot the liquidity then you are the liquidity.
WMWM (WMWM)
Nov 02 2022 at 15:19
17 příspěvků
be with it long enough and you magically can understand and predict it's direction. anyway, i trade whenever i got the chance, given that there's multiple reason for entry. if not, i just wait and see.
Propine
Nov 08 2022 at 06:08
15 příspěvků
Depending on when the market is the most active in your area, you make the choice of a day in particular. If you are a day trader, shorter time frames will be profitable. Everyone has a different approach so I suggest you take some time off and revise your strategy before making moves.
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