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Page: Is Midweek the Best Days for Forex Market?

Tuesday, Wednesday, & Thursday:
Is the Midweek Days the Best Days in the Forex Market?

The pros and cons of forex trading during the midweek

As soon as the clock announces that it’s 17:01 EST on a Monday, it’s a signal that Monday in the foreign exchange market has come to an end; it’s already another trading day. And, as some would put it, for the next 3 days, it is the beginning of what may be the most profitable trading days; it’s the “Midweek Madness”.

Since it’s already Tuesday, then, hours later, Wednesday and another batch of hours later, Thursday, a trader may let his trading plan get to work and expect the odds to go in his favor; he can rejoice by then. Or, can he?

This 4-course Mega-Bundle of downloadable high-resolution video recordings delivers 14 hours, plus bonuses, of practical, step-by-step Forex trading tactics you can start using immediately in your own trades... it's just that easy.

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Understandably there are pros and cons to the claim by some forex traders that the midweek
days are the best days in the forex market.
(Image by Pixabay.com)

The Midweek Advantage & Disadvantage

The pace of the Forex market is slow at the beginning of the week; particularly, during Sundays and Mondays, the market is quite dormant. But, while this may be undesired for a trader who prefers a highly volatile market and rampant market activity, it works in the favor of those who establish positions on a Tuesday, Wednesday, and Thursday; they can evaluate recent market conditions, and use the results as basis for their trading positions come their moment to enter the Forex market.

Conversely, the disadvantage of trading on a Tuesday, Wednesday, and Thursday is the chance it grants to volatility; volatility deliberately builds until the market becomes too unpredictable. In certain cases, the forex market’s conditions are tricky, and a trader tends to wait until a “solid” condition emerges; however, many times, the situation becomes even trickier since trends are unreliable and prices are pursuing different directions.

In some instances, a trader who held a position on Tuesday waits for the coming of Wednesday to exit the market. For a volume trader, this is a plus since the possibility of a “triple swap” is more likely to occur by the particular day.

Additionally, it is worth noting that Thursday bags the award as the trading day with the highest volatility. For a trader who wouldn’t bet his fate on an extremely volatile and unstable market, entering the forex market some other trading day is the promising option.

So, Midweek or other Days of the Week?

There are pros and cons to trading during the midweek; engaging in a trade on Tuesdays, Wednesdays, or Thursdays can go both ways. Therefore, the biggest factor to consider shouldn’t be a particular trading day; rather, it should be a trader’s strategy and the recent market conditions, as well as a Forex trader’s goals.

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