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What are the best days to trade FOREX (EUR/USD)?

This is a discussion on What are the best days to trade FOREX (EUR/USD)? within the First Steps forums, part of the Start Here category; Hi... I was trading the EUR/USD today and I found it very choppy / non-directional. I lost all my profits ...

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Old Oct 23, 2008, 8:32am   #1
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What are the best days to trade FOREX (EUR/USD)?
Hi... I was trading the EUR/USD today and I found it very choppy / non-directional. I lost all my profits from the past two days - being a newbie I suppose it is really a badge of honor.

Is the EUR/USD good to avoid on Thu/Fri?? Why is it so choppy on friday... also is the EUR/USD a good currency for a newbie to trade.
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Old Oct 23, 2008, 9:03am   #2
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Re: What are the best days to trade FOREX (EUR/USD)?
Erm... I wouldn't say there is a good or bad day. Are you scalping?
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Old Oct 23, 2008, 9:11am   #3
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Re: What are the best days to trade FOREX (EUR/USD)?
when i traded forex i consistently lost money on a monday without fail..so started taking long weekends!
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Old Oct 23, 2008, 9:54am   #4
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Re: What are the best days to trade FOREX (EUR/USD)?
Yesterday after Mervyn King, governor of Bank of England, warned that the UK economy had fallen into recession <dollar and yen surged>
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Old Oct 23, 2008, 10:04am   #5
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Re: What are the best days to trade FOREX (EUR/USD)?
Trade GBPJPY or USDNOK... much better
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Old Oct 23, 2008, 10:59am   #6
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Re: What are the best days to trade FOREX (EUR/USD)?
Quote:
Originally Posted by wasp View Post
Trade GBPJPY or USDNOK... much better
do you trade USDNOK?
if so how many ticks is the spread?
Are you using a fix spread or you do it dynamic?
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Old May 11, 2009, 4:18pm   #7
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best days to trade and times forex
Quote:
Originally Posted by iza9090 View Post
Hi... I was trading the EUR/USD today and I found it very choppy / non-directional. I lost all my profits from the past two days - being a newbie I suppose it is really a badge of honor.

Is the EUR/USD good to avoid on Thu/Fri?? Why is it so choppy on friday... also is the EUR/USD a good currency for a newbie to trade.
Babypips.com has a good tutorial on this subject. Based on my own trading I would have to agree with this. This link will take you there...

Best Days of the Week to Trade in the Forex Currency Market
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Old May 11, 2009, 4:19pm   #8
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Re: What are the best days to trade FOREX (EUR/USD)?
Quote:
Originally Posted by Genics View Post
so started taking long weekends!
and never went back.....
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