Once, when the early learning trading, traders have a friend who gives advice, should not be trading on Friday. He was so serious in giving this advice, until I catch the impression at that time was: day trading on Friday is one thing that is “taboo”.
As a result, for several weeks every Friday, I just open the trading platform and staring at her chart, sometimes for hours, without the courage to open position. Then I try to look for a second opinion, ask a friend to another trader, if they did not do the open position on Friday.
There are many answers that I received at that time. Ranging from the serious, such as: she should indeed be careful if trading on Friday, especially in the final hours before the market closed. The reason? He said, due Friday for most traders is the last day chasing weekly targets, would much rather desperate to take profit. There is also an answer: more straightforward, he said to him there is no difference between the day Friday with the other days, the origin of the system that he profess support for the open position, so the open position. In fact he says, there is often a position that he let floating for weeks!
Because so diverse answers emerge, I finally decided: to know what and how the effects of trade on weekends. I had to try it for yourself. It is rather steady if not experience yourself everything. Included also experience the loss or profit because of the gap that sometimes occurs at the beginning of the week-end. Be the end I would often try trading on Friday. Sometimes there is nothing special going on. In a sense, the movement of a pair is not much deviated from its original nature, and at the beginning of the week and then also there is no gap. If the gap is only about 5 pips reasonable.
It all comes back to the taste of each trader. You are free to choose, whether to avoid, deal or just looking for this gap. Thus, trading on weekends may be done as long as we know and are aware of all the risks that may occur. It all depends on our own. There are no taboos for day trading. If all the traders off on Friday is not going to be fun, I’ll pair no one moved.