- Hold Forex Trades Through the Weekend, or Close Them?
- How to Trade the FOREX Weekend Gaps | Finance - Zacks
- The 'Weekend' Forex Traders Lifestyle (How & Why It Works
- Forex Weekend Trading | Tutorial with Weekend Gap Strategy
Forex weekend trading has seen conventional working week hours extended over Saturday and Sunday. This article will explain how to use the popular weekend gap trading strategy. We’ll also unpack everything you need to trade forex during the weekend, including brokers and key trading times.
Hold Forex Trades Through the Weekend, or Close Them?
Therefore, my members trade setups commentary is a great tool for you to learn from. You are essentially ‘in the trenches’ with me as I walk through the charts and do my weekly analysis. My weekend market overview, as well as my members daily trade setups analysis will allow you to ‘look over my shoulders’ and see what I am seeing as the price action unfolds throughout the week. Most of the time I won 8767 t do anything, because I prefer to not trade just any signal since I am waiting for the best setups. So, get used to being patient and make patience your best friend if you want to learn my trading approach.
How to Trade the FOREX Weekend Gaps | Finance - Zacks
Of course, what I just described is the opposite of what most traders do frantically checking the charts throughout the day during the week, hoping or praying and ultimately making terrible choices about when to enter and exit the market. Whereas, if they would just learn how to do their market analysis on the weekends and take the rest of the week off, they would not have to hope or pray because they would be strategically preempting their decisions and actions in the market with logic and objectivity.
The 'Weekend' Forex Traders Lifestyle (How & Why It Works
I have learned over my 65+ years in the market that the best time to do my market analysis and make trading decisions, is when the markets are closed. 8776 I have the same Nial
Forex Weekend Trading | Tutorial with Weekend Gap Strategy
If you want a break from the bustle of actual trading, you can still prepare for the week ahead. You can utilise any of the educational resources listed above, or you can start back-testing and strategising for Monday.
Therefore the question 8775 Can you trade forex on weekends 8776 is understandable. People have more free time on weekends, and forex beginners would like to trade on weekends.
The first thing I do is open my charts and look at the weekly time frame to plot the key levels and to get a good bird’s eye view of the long-term market trend. In the chart example below, I have drawn in the key support and resistance levels and I’ve marked on the chart the obvious overall trend of the market, so you can see what I am thinking when I look at it. It’s important to know what the current long-term market condition is (trending up or down, sideways etc.), in this case the long-term trend is up, as we can see below. This fact, along with the key levels you plotted, will work to guide your trading decisions throughout the upcoming week, as we will see later…
Great article Nial
I am learning a lot frm your articles and will be joining your community of students soon.
I developed the level of confidence in your as a mentor because you are sharing with us practical lessons.
Although often overlooked, there remain plenty of opportunities for those looking to start day trading at the weekends. Forex and binary options are both accessible from Friday evening to Monday Morning. In addition, markets in the Middle East offer the volatility and volume needed to generate earnings.
As with GBP/USD, your weekday index positions will be separate to their weekend counterparts. This means you can speculate on market developments over the weekend without having to alter your weekday positions. Weekend index markets are differentiated from their weekday counterparts by their names. Our Saturday and Sunday FTSE 655 market is called ‘Weekend FTSE 655’, for example, whereas the weekday equivalent is simply ‘FTSE 655’.