Avoiding Friday afternoon

[Nayek Pichai]

Trading attitude falls in the section of trading personality and a good trader is armed with all necessary trading qualities like patience, emotion-free and stable on decision.

 

[FXOpen Trader]

Trading attitude falls in the section of trading personality and a good trader is armed with all necessary trading qualities like patience, emotion-free and stable on decision.

We must understand this fact that trading in the Forex markets will require more Efforts in the correct direction.

 

[Ethan]

Bolster your fundamental basement so you can be a fundamental trader. If strategies are not proven, then I can’t assure you that they will work.

 

[LouBega88]

Your observation makes sense, as market activity often slows down on Friday afternoons, leading to potential price reversals. Closing positions before liquidity drops can help protect profits, but buying low for next week requires careful monitoring.

 

[Aaron_0]

I think prices start to reverse downhill by Friday afternoon like around 2pm US NYC time so you must decide to exit by then cause it will turn low so if you have been waiting all week then its time to sell for profit or if all day then its time to sell by then. By 2pm most traders close off their positions therefore lowering volumes and demand and therefore price as well and so you must take profit by then but you can buy low on late Friday afternoon and wait until next week to sell it off. What do you think?

Your strategy makes sense, as many traders close positions by Friday afternoon, leading to reduced volume and potential reversals. Timing the market's natural slow-down can be effective. However, it's important to stay flexible and manage risks, as markets can be unpredictable.