Forex by days of the week.

When trading on the forex market, you need to know not only how to trade but also when, as trading varies significantly depending on the day of the week.

An incorrectly chosen market entry time can result in a wasted deposit, and even a stop-loss order won't prevent this.

Forex trading by day of the week allows you to make the right decisions regarding the duration of a transaction and other parameters, as well as when to trade and when it is better to refrain from opening new positions.

Saturday and Sunday are Forex days off, but this time can be devoted to studying theory or analyzing historical data.

Monday is one of the most challenging days for trading, especially the first half. The market opening on Monday can sometimes set the main trend direction for the entire week.

Typically, the day begins with a gap, which can cause a lot of trouble for those who hold off on trading until the weekend.

The trend is quite unstable in the first half of the day, so most traders don't begin trading until 12:00 PM. This is when the number of trades begins to increase, and trading volumes grow accordingly.

It's on Monday that weekly forecasts are published, and the Forex events calendar .

Tuesday and Wednesday are fairly similar days, the best time for trading, as the main trends can already be identified, and the fluctuations in trading volumes are already less pronounced.

Trading proceeds normally, with sharp price movements caused only by important financial and economic events.

Thursday – the number of trades gradually begins to decline, with some traders closing positions they've held for several days. The trend intensifies towards evening, which may trigger a trend reversal.

Friday is unpredictable, as it marks the end of the trading week. A trend reversal is also possible.

It's recommended to close all existing trades two hours before the close of the last Forex session . Otherwise, you may find yourself completely drained of your deposit on Monday morning, even with a negative balance. Remember that stop losses are triggered only after a gap.

On Friday, you can make good money at the end of the trading day on short-term trades, as this is when the trend is most predictable.

Regardless of the day of the week you choose, remember that statistically, traders with trades lasting between 15 minutes and an hour earn the most.