Trading Forex on Sundays

[maxindie]

I have been told to be very careful trading forex on a Sunday. Can anyone give me a more in depth answer to why it’s called pick your pockets Sunday?

[Enivid]

Forex on Sunday? Which timezone are you referring to? If it's U.S. Sunday then it's a bad idea to trade just because the market has just opened and no clear trend is set yet. Better skip the Sunday session and join early Monday when the gaps are played out already and the biggest uncertainty is in the past.

[FXexpert]

I definitely agree with Enivid, it's tough to follow a trend that hasn't really been set yet, start Monday

[Pinalli]

Yea thats true, I have even faced some crucial skips during that session. Sundays are always risky in terms of undefined trends, lack of volatility and analysis.

I would recommend you to trade off late and during the middle of US session and asian session so that you know the trade and you can get great opportunities without risking your funds.

C ya

[FXexpert]

Trading in the asian session is a good idea.

[Enivid]

Originally Posted by FXexpert

Trading in the asian session is a good idea.

And what does it have to do with trading Forex on Sundays?

[Pinalli]

Originally Posted by Enivid

And what does it have to do with trading Forex on Sundays?

Maybe he refers to asian sessions on sundays....

[andy003]

Be careful trading forex on a Sunday....because it is said "pick your pockets Sunday"

[manofasia]

Better trade in early monday coz we cannot see a trend when market just open

[Sofia]

Most have given the right reasons, i like to add that Sunday is tougher because of lack of economic news and releases which are responsible to quick fluctuation of currency due to these news.