We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Mixed
Gold
Bullish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.91%, while traders in Germany 30 are at opposite extremes with 83.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jYqUyArf3u
  • AUD/USD Technical Analysis: Aussie Dollar May Break Range Floor - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2020/02/18/AUDUSD-Technical-Analysis-Aussie-Dollar-May-Break-Range-Floor.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis https://t.co/6aeywJkAkR
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.13% 🇨🇭CHF: 0.04% 🇬🇧GBP: -0.04% 🇨🇦CAD: -0.10% 🇳🇿NZD: -0.29% 🇦🇺AUD: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XfJ4dACKNd
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.47% US 500: -0.49% Wall Street: -0.53% France 40: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/bowwGbbxZe
  • Cash rate futures are pricing in about a 52% probability of an #RBA 25-bp rate cut at the June interest rate announcement -BBG $AUDUSD
  • The #Euro may have more room to fall versus its major peers such as the US Dollar, Japanese Yen and British Pound. What is the technical picture of $EURUSD, $EURJPY and $EURGBP - https://www.dailyfx.com/forex/technical/article/special_report/2020/02/18/Euro-Weakness-Risks-Accelerating-EURUSD-EURJPY-EURGBP.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/DyuPCusTCh
  • #NOK, #AUD and #NZD are expected to be the most-active #G10 FX versus #USD with one-week implied volatility at 7.15, 6.76 and 6.70 respectively [delayed] -BBG
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.64% Gold: 0.34% Oil - US Crude: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YvrO2r6JzE
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.04% 🇪🇺EUR: -0.03% 🇨🇦CAD: -0.13% 🇦🇺AUD: -0.36% 🇳🇿NZD: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3NzfCsQ13V
  • LIVE NOW! Senior Currency Strategist @IlyaSpivak discusses the technical and fundamental $AUDUSD outlook for the week ahead here - https://www.dailyfx.com/webinars/378612179?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
Guest Commentary: When to Take a Break from Trading

Guest Commentary: When to Take a Break from Trading

2011-09-15 18:15:00
Yoham Elay, Forex Crunch,
Share:

When to Take a Break from Trading

Are you switching from chart to chart in search for a trade, and eventually enter a losing position? Are you eager to take revenge after this losing one? Is your nose becoming too friendly with the screen?

Taking a break can help you refocus. Taking one step further, it is wise to schedule these breaks. Here are a few ideas of how and when to do it.

When you train your muscles in any kind of sport, you push your muscles further out and strengthen them. But building your muscles can’t happen with training alone. Rest is needed in order to allow them to rebuild and become stronger.

The same works for forex trading: you need time to absorb the intensity that you’ve encountered. And you need time to clean your head as well. It doesn’t matter if you already turned into a professional full time trader or not.

Taking a vacation from trading will definitely allow you to clean your head. But you don’t always need a full vacation: just some time off. And when you’re back, you’ll be more focused and achieve more in less time.

When can you rest?

When you are tired

If you’re a morning person, don’t trade at night. The same thing goes the other way around: a night owl shouldn’t trade early in the morning. Trading when you’re tired isn’t efficient, even if it is the most exciting trade session.

Don’t worry, there are enough exciting trade sessions at other times – sessions that will feel more natural to you.

When the market behavior doesn’t fit you

If you’re into extreme moves, the overlapping European and American sessions on a Friday fit you best. Stay away from the Sydney session. On the other hand, if you prefer range trading, go for other sessions, and skip the most volatile ones.

Adapting trading times to your behavior is easier than adapting your behavior. So just rest when conditions don’t work for you.

News events

Some people like to trade them, and they should stay away from times that are sparse with events, such as Mondays. Why not enjoy a long weekend?

On the other hand, some traders prefer to shy away from uncertainty, at times with many simultaneous releases, so they should skip some Thursdays, which usually have crowded calendars.

I guess you get my point by now.

Do you take breaks or stay addicted to the screen?

I’d love to hear which times are favorable for trading, and especially at which times you just turn your back to the screen…

Further reading: 5 Most Predictable Currency Pairs

By Yohay Elam, Forex Crunch

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.