usually advised not to have active positions in the market until the news points to a direction where the trades should be going. London and Tokyo: between 3:00 am 4:00am EST (EDT). Sooner or later, the summer sideway trend breaks. The first half of Monday is sluggish. The calculator does this automatically and plots these points on the currency charts of your choice. The currency pairs that are popular during the Asian and European sessions begin to overlap.
Any holiday period naturally leads to a decrease in trading volumes. Here is a chart showing how to trade the gbpusd using the points highlighted earlier: No major news for the British Pound on the day in question. All materials are published for educational purposes only. What it doesn't show, is all the swings within that pip range. Friday Something interesting happens on Fridays. As for the rest of the week, Mondays are static, and Fridays can be unpredictable. Best Months to Trade Forex Now that we have reviewed the intraweek market dynamics, let's see what happens throughout the year. Two markets bitcoin mining farm bauen opening at once can easily see movement north of 70 pips, particularly when big news is released. This is especially true for major holidays like Christmas and Easter. On Wednesday, there is a slight dip in volatility. Due to its high volatility, Thursday is another excellent day to trade the Forex market.