Choke Points are the Weaknesses of Online Trading Choosing an Interval to Set Aside Money

Choose the Right Day to Trade

Choose the right day to trade. This recommendation is often wrongly taken as an optional thing, because everyone knows that the Forex market is open 24 hours a day 7 days a week. Yet, choosing the time to trade can make a difference between successful and hopeless trading.
It's been proven and highly recommended not to trade on Mondays, when the market has recently awaken and is making first "probation steps" to form a new or confirm a current trend; and on Fridays afternoon, during the huge volume of closing trades. The best days to trade are Tuesdays, Wednesdays and Thursdays.

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