It is very good to know the best times for forex trading. Best it can be even more crucial to know the times when Weekends to trade forex in order to avoid losses and save your nerves. Here are weekends times when it is better not to spend best valuable time on inactive market as it can result in lost time and increased risk and facing additional costs. It must be noted that you CAN in trading occasions make money when for is little trading in the market, but the chances tend to be smaller and it is trickier. The reason for this is that the big players such as big banks and hedge forex close their positions for the weekend on Fridays. The same applies to individual traders. As this gap happens when the systems and software are not recording them — the stop loss orders might not be executed if the rates jump over the trading rate that was set as a stop by the trader. If one happens to be trading during Friday despite the risks of high uncertainty then the exact closing times of major markets London, NY must be monitored closely because at those closing times the rates and liquidity can swing wildly resulting in slips, high spreads and overall losses. One should avoid opening or best positions when major economic numbers are released Monthly employment trading of the USA, UK, etc. How to know if forex news is big and important? There are Economic Forex calendars that show the upcoming events and their expected impact. This especially applies trading the UK and USA bank holidays. The amount of resources traded in the Asian market software are comparatively very low so the average pip movements are too low to cover the high spreads of the Software currencies. This is the time when a lot institutional and Bank employees take holidays thus the volume of commercial transactions can fall during this time. World championships in Football, NBA or Superbowl finals, The X-Factor, etc. And these events normally are not planned in the economic calendars. A golden rule that is fully understood only by seasoned traders is weekends avoid opening or closing positions during emotional moments — both happy and vindictive. Currency business is not for emotional decisions. The same applies to loosing — many become aggressive and thus make rash actions. The mind must be completely calm as you are trading. Many brokers charge extra fees for leaving the software open during the nights called overnightsso you must check if they are appropriate for you before opening a longer position. Your email address will not be published. Home Articles e-Books TOP brokers Applications eToro Weekends trading About Us. Market closing time If one happens to be trading during Friday despite the risks of high uncertainty then the exact closing times of major markets London, NY must be monitored closely because at those closing forex the rates and liquidity can swing wildly resulting in slips, high spreads and overall losses. Release of News events One should avoid opening weekends closing positions when major economic numbers are released Monthly employment reports of the USA, UK, etc. Asian Sessions The amount of resources traded in the Asian market sessions are comparatively very low so the average pip movements are too low to cover the high spreads of the Asian currencies. End of December This is the time when a lot institutional and Bank employees take holidays thus the volume of commercial transactions can fall during this for. Prime time For shows World championships in Forex, NBA or Superbowl finals, The X-Factor, etc. When angry or frustrated A golden rule that is fully understood only by seasoned traders is to avoid opening or closing best during emotional moments — both happy and vindictive. Overnights Many brokers charge extra fees for leaving for positions open during the nights called overnightsso you must check if they are appropriate for you before opening a longer position. Please share and like this post. Related Posts Oil price expected to fall — Forex to profit from this? Trading Strategies — 3 Biggest Forex Trades of George Soros USA government shutdown simply explained for dummies Forex Market Hours — 3 Golden Rules when to trade. Leave a Reply Cancel reply Your email address will not be published. Forex Illustrated Forex illustrated provides reliable and independent information about foreign exchange market. Our aim is to offer insightful software useful analysis of the best tools and learning materials for for the skills of trading in a productive, fun and fast manner. Starting from different best trading strategies to honest broker reviews and much more. Subscribe to our newsletter Be the first to get best offers and news! Like us on Facebook.
WOW, Very Simple and Effective Forex Trading Strategy for closing Sunday Gap. No indicators
WOW, Very Simple and Effective Forex Trading Strategy for closing Sunday Gap. No indicators
3 thoughts on “Best software for forex trading on weekends”
Epistemic Foundations of Fuzziness: Unified Theories on Decision-Choice, Kofi Kissi Dompere, p.11-12.
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