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Saturday, September 15, 2007

Best Days of the Week to Trade Forex

We know that the London session is the busiest out of all the other sessions, but there are also certain days in the week where all the markets tend to show more movement. Below is a chart of average pip range for the 4 major pairs for each day of the week:

TRADING SESSIONS

DAYOF WEEK

EUR/USD

GBP/USD

USD/CHF

USD/JPY

Sunday

24

31

36

25

Monday

92

110

141

95

Tuesday

102

128

162

104

Wednesday

101

123

158

106

Thursday

83

98

121

77

Friday

80

96

117

72

Average PIP range of the 4 majors during each day of the week


You can see that during the middle of the week is where the most movement is seen on all 4 major pairs. Fridays are usually busy until 12pm EST and then the market pretty much drops dead until it closes at 5pm EST. This means we only work half-days on Fridays. The weekend always starts early!.

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