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]

Trading in the asian session is a good idea.

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

 

[Pinalli]

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

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

 

[andy003]

Re: Trading forex on Sunday

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.

 

[Pinalli]

Sofia thats for news traders basically. Scalpers often dont use economic calenders

 

[Sofia]

I see, but i am talking generally. We all look up these calenders for news and trends. and none of the new releases on sundays.

Anyways thats no problem.

Take care

 

[FXexpert]

Sunday is also tougher because trends usually haven't been established yet.

 

[MechXTrader]

The only way you could trade on Sunday, is if your local time is not synchronized with your broker's. It is actually Monday you are trading at.

 

[Sofia]

Is it MechXTrader, I dont think so.

 

[forexexchangeguides]

hi guys,

you have to remember that forex market beings at sunday at 5PM EST to friday at 4PM EST then it beings again at 5PM EST.

trading begins in forex at New Zealand next at Australia followed by Asia, in the Middle East, Europe and ends in America.

the major markets in forex are London, Tokyo and New York with trading activities the heaviest when major markets overlap.

maybe this is can guides you guys.good luck!

 

[FirePips]

Sunday trading usually have less number of market players, hence less liquidity can cause unexpected movements. You want to rather wait until Europe open.
Whats the rush anyways...enjoy your Sunday.

 

[daniellefr]

I agree - the best thing you can do is to simply skip sundays all together. Why risk? If you so eager to trade, that might be a sign of greed which you have to take care of immediately!! Otherwise even monday market will not save you from losses!

 

[forexboy]

I didn't know that you can trade during Sunday but tried it on my broker and it doesn't allow it to enter a trade.

 

[Adam Jackson]

Major currency pairs are the most frequently exchanged couples on the forex showcase. They more often than not give the most minimal spread and are the lost fluid. Likewise, they generally have the US dollar, either on the base or on the quote side. The EUR/USD is considered the most-exchanged forex pair, containing practically 30% of the general day by day FX advertise volume.