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.

Add Your Picture

About the Author

Article Written By: WolfingerStain








Rating: 4.0



Comments

No comments posted.

Add Comment

You do not have permission to comment. If you log in, you may be able to comment.

You Can Link Directly to "Forex Trading: When it is not advisable to trade" by using the url:
http://www.allbestarticles.com//finance/forex/forex-trading-when-it-is-not-advisable-to-trade.html

This Article Has Been Published on Thu, 19 Jan 2012 and Read 70046 Times


Find The Best Articles at www.allbestarticles.com



Related information on Forex

Forex Trading: When it is not advisable to trade
Forex Trading: 4 Stop Loss Techniques
Forex Trading: Forex Indicators for Beginners
Forex Trading: Creating a strategy
Online Trading: How to do trading with minimum risk
Forex Trading: Spread, Trend and Leverage
Forex Indicators Tell the Trader Whether To Buy or Sell
Make Money with Forex: How to Start
Long-term Trading Vs. Short-term Trading
Forex Trading Education Can Help Traders in Achieving Success
Difference Between Spot Forex Trading and Currency Futures
An Overview About Forex Trading
Top Benefits Of Trading Forex vs. Stocks
Forex Trading Course
Forex Trading: How To Start for Beginners
Forex Technical Analysis - Running the Numbers
Forex Indicators
Advanced Forex Trading Courses
Online Currency Buying and selling: Understand It And Win
The Basics of Financial Spread Betting
Easy Forex Signals Daily Fx Update
Benefits of CFD Trading
Day trading forex with triangle patterns
Getting the Best Advanced Currency Trader Training
Why Some CFD Day Traders Make Money and Others Dont









Categories

Useful Resources



Stats


Total Category: 571

There are 37 users online.