Forex trading is a very popular market that features a huge number of trading platforms and investors. No matter which market you are interested in, you will find a software that is perfectly suited to your needs.
However, most traders agree that the best time to trade Forex is during the weekend.
We have found an interesting article published on DailyForex.com that states that the best time to trade Forex is during the weekend, in which the exchange rate changes is the highest.
It is because on weekends, the market is not affected by human emotions, such as greed, fear and fear. In addition, weekends are the days that the majority of forex trading work, so there are fewer traders on the market.
Also, traders with a long-term trading strategy usually wait until the weekend, so they do not have to worry about being out of the market for a long time.
On the weekends, the market is not affected by the news, as traders do not read newspapers, watch TV, or follow financial news channels.
How does this impact the Forex market?
In Forex trading, market volatility is measured in basis points, and the highest volatility is between Friday and Saturday, with the average of 25 BPS.
Most Forex brokers have their own trading platform and even platforms that allow you to trade on your mobile phone, but the number of traders is gradually decreasing. The advantage of trading at the weekend is that you do not have to worry about market volatility, and this will allow you to start with a lower initial capital.
In addition, on weekends, the Forex market is not affected by market news, and this will allow you to trade with a trading strategy that can react to the news.
How can I trade on weekends?
Most Forex traders work during the week, so they can trade every weekend. However, if you want to trade the market during the weekend, there are a few steps that you should take to make your trading experience better.
- If you are not an experienced forex trading, we recommend you to learn the basics first. If you are just starting, it will be much easier to follow a simple trading strategy.
- Use a Forex broker that supports the trading platform that you use on the weekends, and we recommend that you choose a broker with a large client base.
