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Trading on Weekends: Is it Safe?

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zanurreload

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In the past, at the beginning of learning forex trading, there were friends of traders who gave advice, you should not trade weekends, or rather on Friday. He was so serious in giving these suggestions, to the extent that the impression I caught at that time was: forex trading on Friday is Dangers..

As a result, for several weeks every Friday, I just open the platform and enjoy watching the charts, sometimes for hours, without daring to open positions. Fortunately, then I tried to find a second opinion, asking other traders, is weekend trading really dangerous? Why? Do they also not open positions on Friday?


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#1 - March 15, 2019, 12:55:17 AM

Fxortrader

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Quote from: zanurreload on March 15, 2019, 12:55:17 AM
In the past, at the beginning of learning forex trading, there were friends of traders who gave advice, you should not trade weekends, or rather on Friday. He was so serious in giving these suggestions, to the extent that the impression I caught at that time was: forex trading on Friday is Dangers..

As a result, for several weeks every Friday, I just open the platform and enjoy watching the charts, sometimes for hours, without daring to open positions. Fortunately, then I tried to find a second opinion, asking other traders, is weekend trading really dangerous? Why? Do they also not open positions on Friday?
for beginners it may be very dangerous during a transaction on Friday, because on weekends usually movements often trigger adrinali trader psychology, where fundamental news and technical analysis is often not in the same direction. you should stop trading on Friday.
#2 - March 15, 2019, 01:05:08 AM

zanurreload

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Quote from: Fxortrader on March 15, 2019, 01:05:08 AM
for beginners it may be very dangerous during a transaction on Friday, because on weekends usually movements often trigger adrinali trader psychology, where fundamental news and technical analysis is often not in the same direction. you should stop trading on Friday.
yes, maybe that's true ... if for beginners you should avoid trading on Friday
#3 - March 15, 2019, 01:10:24 AM

ASHfx

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Quote from: Fxortrader on March 15, 2019, 01:05:08 AM
for beginners it may be very dangerous during a transaction on Friday, because on weekends usually movements often trigger adrinali trader psychology, where fundamental news and technical analysis is often not in the same direction. you should stop trading on Friday.
actually it's safe. especially if you are sure of your own indicators and analysis for the target.

it's just that indeed there are losses that occur on weekends that are widening spreads and also if you don't close the position you will be subject to swap fees.
#4 - March 15, 2019, 01:50:03 AM

Fxortrader

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Quote from: zanurreload on March 15, 2019, 01:10:24 AM
yes, maybe that's true ... if for beginners you should avoid trading on Friday
that's why the masters forbid beginners to trade forex transactions on Friday. sometimes I often never make a profit if trading on Friday even the trading account can experience Stop out.
#5 - March 15, 2019, 03:17:32 AM

ariezz

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Quote from: zanurreload on March 15, 2019, 12:55:17 AM
In the past, at the beginning of learning forex trading, there were friends of traders who gave advice, you should not trade weekends, or rather on Friday. He was so serious in giving these suggestions, to the extent that the impression I caught at that time was: forex trading on Friday is Dangers..

As a result, for several weeks every Friday, I just open the platform and enjoy watching the charts, sometimes for hours, without daring to open positions. Fortunately, then I tried to find a second opinion, asking other traders, is weekend trading really dangerous? Why? Do they also not open positions on Friday?
Weekend trading is dangerous because many speculators and other market participants close positions and some take profit and usually the news is poor fundamental Friday so the direction of price movements is difficult to predict, until now the trading ban on Friday is still a myth.
#6 - March 15, 2019, 08:16:25 AM

bagaskara30

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true trading on weekends or Fridays is very dangerous because there are a lot of fundamental news from some economic leaders. maybe because it was the last day before the 2 day holiday there were many reports about the world economy
#7 - March 15, 2019, 09:20:59 AM

zanurreload

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Quote from: bagaskara30 on March 15, 2019, 09:20:59 AM
true trading on weekends or Fridays is very dangerous because there are a lot of fundamental news from some economic leaders. maybe because it was the last day before the 2 day holiday there were many reports about the world economy
But if I myself have been trading for the weekend. But I always use stop loss to secure the risk, because the market often moves out of control on Friday?
#8 - March 16, 2019, 02:00:38 AM

Fadeel99

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Quote from: zanurreload on March 15, 2019, 12:55:17 AM
In the past, at the beginning of learning forex trading, there were friends of traders who gave advice, you should not trade weekends, or rather on Friday. He was so serious in giving these suggestions, to the extent that the impression I caught at that time was: forex trading on Friday is Dangers..

As a result, for several weeks every Friday, I just open the platform and enjoy watching the charts, sometimes for hours, without daring to open positions. Fortunately, then I tried to find a second opinion, asking other traders, is weekend trading really dangerous? Why? Do they also not open positions on Friday?
maybe the high market liquidity makes a lot of unexpected movements, it's better not to trade
#9 - March 16, 2019, 04:38:32 PM

zanurreload

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Quote from: effchats7 on March 16, 2019, 04:38:32 PM
maybe the high market liquidity makes a lot of unexpected movements, it's better not to trade
But many traders are of the opinion, there is no difference between Friday and other days, provided the trading system he supports supports open positions,
#10 - March 16, 2019, 11:31:43 PM

MonsterFX

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Quote from: zanurreload on March 16, 2019, 11:31:43 PM
But many traders are of the opinion, there is no difference between Friday and other days, provided the trading system he supports supports open positions,
maybe the difference is only from the side of psychology, where Friday is the last day the market opens, so forcing to trade to get a profit, even though the analysis done does not support trading.
#11 - March 20, 2019, 12:06:14 PM

ayun

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Quote from: zanurreload on March 15, 2019, 12:55:17 AM
In the past, at the beginning of learning forex trading, there were friends of traders who gave advice, you should not trade weekends, or rather on Friday. He was so serious in giving these suggestions, to the extent that the impression I caught at that time was: forex trading on Friday is Dangers..

As a result, for several weeks every Friday, I just open the platform and enjoy watching the charts, sometimes for hours, without daring to open positions. Fortunately, then I tried to find a second opinion, asking other traders, is weekend trading really dangerous? Why? Do they also not open positions on Friday?
Based on my experience so far. trading on weekends is very dangerous because market movements are very fast and difficult to predict. it's better to just look safe than the balance runs out.
#12 - March 20, 2019, 01:11:29 PM

Ariyudin

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trading on Friday was horrified when at the close of the market we still have open positions. What is feared? What is feared is that when it opens Monday, it turns out slippage or price gap happens, and it is unlucky if this is the opposite of our position. If you put a stop loss, it will be struck immediately. If without stop loss, this wah is more serious, you can wake up to sleep, we find our account has a margin call.
#13 - March 20, 2019, 01:19:22 PM

kumbang

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if you use stop loss i think that is safe..
#14 - March 21, 2019, 04:50:32 AM

Zildan

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trading at the closing of the weekly market in my opinion is dangerous, because usually there will be market movements that are beyond analysis.
#15 - May 17, 2019, 05:35:26 AM
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