On Fridays Trading Forex
The most favorable trading time is the 8 a. m. to noon overlap of new york and london exchanges. these two trading centers account for more than 50% of all forex trades. on the flipside, from 5 p. m. to 6 p. m. trading mostly happens in the singapore and sydney exchanges, where there is far less volume than during the london/new york window. When not to trade. while the forex market allows you to place trades around the clock, monday through friday, there are certain situations during which you should stay on the sideline. some of the most important events which can cause erratic and unpredictable price movements are outlined in the following lines. In answer to your question: “why do forex traders avoid trading on fridays? ” it's short and simple answer really rebalancing of the books. most of big players are closing, limiting or adjusting their exposure that could either spike or flatten v. Forex market close at 22:00 gmt winter and 21:00 gmt in summertime (new york forex close...