Do we need to trade everyday?

[andry777]

it is also my first time to trade in December, so lets see, weather market moves or not.but by looking at the previous year graph movement, and also when there are some banks on holiday in different countries, so the market remains silent.Also, the volume of trading will be small because the people will be celebrating Christmas.

If we looked on condition today, it's really disappointed for me because the effect of NFP is not quite good like my thought. It was still better NFP effect in last month, I don't know is this because December effect or not but seems like condition of market in December will be harder to be predicted.

[radex78]

If we looked on condition today, it's really disappointed for me because the effect of NFP is not quite good like my thought. It was still better NFP effect in last month, I don't know is this because December effect or not but seems like condition of market in December will be harder to be predicted.

sometime NFP not give big effect to the currency , and sometime give effect in few hours later , and trade in NFP we should have risk limit only to prevent get big loss if we make wrong decision , so we still have margin to make new analisys next time

[andry777]

sometime NFP not give big effect to the currency , and sometime give effect in few hours later , and trade in NFP we should have risk limit only to prevent get big loss if we make wrong decision , so we still have margin to make new analisys next time

That's right. Not all NFP will give high impact instantly and not all NFP will give high impact to movement of certain pair. But if we made comparation, almost all NFP will give high impact to movement of pair not only one pair but it can give impact to many pairs and that is high impact. If you can open position well, then you can gain high profits from NFP.

[radex78]

That's right. Not all NFP will give high impact instantly and not all NFP will give high impact to movement of certain pair. But if we made comparation, almost all NFP will give high impact to movement of pair not only one pair but it can give impact to many pairs and that is high impact. If you can open position well, then you can gain high profits from NFP.

Yes , of course if other pair have USD element will affected by NFP news , i think that is common if USD in big demand will affect in other currency also , not only in GU or EU , but other pair that have USD element will more big move

[nahiyar]

Yes , of course if other pair have USD element will affected by NFP news , i think that is common if USD in big demand will affect in other currency also , not only in GU or EU , but other pair that have USD element will more big move

You are right.The biggest impact news from USA have impact not only USD related pairs, but also on other pairs too.The reason is that, the USA is the biggest economy in the world, and USD is the world accepted currency, so when demand for it ups or downs, so it affects the other currencies too..

[radex78]

You are right.The biggest impact news from USA have impact not only USD related pairs, but also on other pairs too.The reason is that, the USA is the biggest economy in the world, and USD is the world accepted currency, so when demand for it ups or downs, so it affects the other currencies too..

Yea , i think so too , but each pair have different value of movement , let say if EU move in 50 pips but in usdchf only in 30 pips , i think strengthen each currency is different , and if Eu in big movement , its mean that pair most trader traded it

[stefanie]

Yea , i think so too , but each pair have different value of movement , let say if EU move in 50 pips but in usdchf only in 30 pips , i think strengthen each currency is different , and if Eu in big movement , its mean that pair most trader traded it

Of course if each pair will have different movement in the market because there are different conditions which can give impact to them. If we can make good prediction on certain pair, so it's good to trade everyday because there is chance to take profits everyday in forex, no matter how bad or how good the condition for some people.

[andry777]

Yes , of course if other pair have USD element will affected by NFP news , i think that is common if USD in big demand will affect in other currency also , not only in GU or EU , but other pair that have USD element will more big move

That's right. In NFP news, all pairs which contained USD will get impact but it will be different the impact because condition of each country will be different one each other. It is possible that USD gave high impact in EUR and GBP but its impact is not quite high in CHF, AUD, CAD and JPY. It's depending on condition of each country too.

[radex78]

That's right. In NFP news, all pairs which contained USD will get impact but it will be different the impact because condition of each country will be different one each other. It is possible that USD gave high impact in EUR and GBP but its impact is not quite high in CHF, AUD, CAD and JPY. It's depending on condition of each country too.

Yes , i think so too , its depending also with currency certain country , but as overall condition , if in nfp news , and its give impact to the dollar transaction , that will affect all pair in high volatility too, but if in certain currecy also have good news , maybe that will both currency in stagnant

[stefanie]

Yes , i think so too , its depending also with currency certain country , but as overall condition , if in nfp news , and its give impact to the dollar transaction , that will affect all pair in high volatility too, but if in certain currecy also have good news , maybe that will both currency in stagnant

About NFP news, it will give impact to all USD pairs for sure. Usually, the impact of USD is high enough (no matter good or bad impact) and it made pair move like what has been appear in news. But like the other news, it is possible if the impact is oppositely or the impact is not quite big enough.

[andry777]

Yes , i think so too , its depending also with currency certain country , but as overall condition , if in nfp news , and its give impact to the dollar transaction , that will affect all pair in high volatility too, but if in certain currecy also have good news , maybe that will both currency in stagnant

That's right. The effect of news (not only NFP news) in pair will determine with condition of 2 currencies not only one currency and it means that will depend on condition at least 2 countries. Everyday, there will be at least one high impact news which is scheduled so I think it is possible to trade everyday if we can take advantages on certain condition.

[stefanie]

That's right. The effect of news (not only NFP news) in pair will determine with condition of 2 currencies not only one currency and it means that will depend on condition at least 2 countries. Everyday, there will be at least one high impact news which is scheduled so I think it is possible to trade everyday if we can take advantages on certain condition.

Yeah. If you want to know the effect of news so you must collect much informations about condition of countries which can affect movement of currency which has relation with pair that you used in forex trading. The easiest way is collecting informations about scheduled news.

[nehmer]

Yeah. If you want to know the effect of news so you must collect much informations about condition of countries which can affect movement of currency which has relation with pair that you used in forex trading. The easiest way is collecting informations about scheduled news.

scheduled news is one CNN is one good way to know the sentimental news of the currencies that you are trading strait from it you will know what is the possible problems that is occurring on the certain countries that you are trading in the forex market and you can now draw a conclusion on your very mind.

[stefanie]

scheduled news is one CNN is one good way to know the sentimental news of the currencies that you are trading strait from it you will know what is the possible problems that is occurring on the certain countries that you are trading in the forex market and you can now draw a conclusion on your very mind.

I never knew if there is scheduled news in CNN, are you sure with that? As I knew, it was CNBC not CNN which there is scheduled news about economic condition of the world. It is important to find out fast information and accurate information because that will give high impact to your decision to take price.

[Hoang Long]

Basically, we cannot trade everyday because the market is not open at weekend, so at least we cannot trade at that time, it is the for the rest. Moreover, force yourself to trade everyday could be a disadvantage because it will increase feeling "put on a trade even in case you cannot predict the trend", kind of addicted with trading! Just trade what you see without force.

[nehmer]

Basically, we cannot trade everyday because the market is not open at weekend, so at least we cannot trade at that time, it is the for the rest. Moreover, force yourself to trade everyday could be a disadvantage because it will increase feeling "put on a trade even in case you cannot predict the trend", kind of addicted with trading! Just trade what you see without force.

yeah it can lead to overtrading which is really bad for you and for your account balance it is a result also of being greedy in forex. I believe that it is essential that we do routine check first before we trade again and make sure you just not take it for granted here we have to let our feelings free .

[radex78]

Basically, we cannot trade everyday because the market is not open at weekend, so at least we cannot trade at that time, it is the for the rest. Moreover, force yourself to trade everyday could be a disadvantage because it will increase feeling "put on a trade even in case you cannot predict the trend", kind of addicted with trading! Just trade what you see without force.

Maybe you right , but i think depending with each trader also , and just trade since get strong signal or in perfect analisys would give more high winning trade,some trader only enter to the market in tuesday untill thurstday and not want trade in monday and friday,they have own reason for doing that

[cash2cash87]

I don't think so because some trading systems do not generate signals everyday. The reason why a trader should not trade everyday also includes trying to avoid losses on days of the week when market activities and volatility are on the low. On such days, it is not advisable to trade as a tarder may take losses.

[luke1]

I think we do not need to trade on Forex everyday, but we do have to watch on the market every single day here. We can not leave the market actually, because it is moving on every single day here. The market is really important for us here to watch

[r i d d i c k09]

I also don't think that trading everyday will be good though will be good for us to have habit to make analysis and make strengthen how we observe the pairs we are into. So for sure, it will be better that we do have in mind that we need to have good opportunity to have a position.