Trading on Weekends: Is it Safe?

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.

But there are also those who leave an open position on weekends, only protected with Stop Loss or hedging / locking. There are even those who are actually seeking profits from the expected gap that occurs by installing pending orders shortly before the market closes.

trading on the market closing day, is usually very difficult, and prices always change and sometimes always touch SL.
I think trading at the end is not safe.

if you want to be safe trading on Friday, besides having to apply good risk management you must also understand the character of the market on weekends.

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?

I always trade on weekends. so far it's safe. even I can get a lot of profit on weekends

I also think the same, instead trading at the end of the week is more profitable, the market price tends to have big changes.

if you are used to trading on weekends it is normal, but for beginners who hear the myths about Monday and Friday, they are doubtful to enter the market.

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?

if you are hesitant to trade on the weekend you better avoid it than end up with the MC

yes, I agree, even though trading on weekends is considered to be risky but using good and wise MM and RM will be safe.

yes that's right sir, I also often trade on Fridays but the lot that I use is reduced from normal days.

I think it's safe as long as we know the MM limit is good and don't use large lots. For example, use lots of half of lots that are commonly used for trading on Monday-Thursday.