Forex holding Insta Forex : nuances of trading on Forex by weekdays. Chapter II
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We can make a closing stage from all above: depending on the Elliot waves' behavior Friday determines the currency movement for the opening of the next week. If potential trend strength is very big and there was leap in trend on Friday, then on Monday correction or reverse or news wave in trend is expected. If on Friday money jumped against the trend, then this Friday movement will turn into correction or the first wave of reversed trend. If currency did not start its movement on Friday, it means we can expect the formation of movement on Monday or Tuesday.
One more Forex marketplace peculiarity is analysis of news calendar for the next week. Events which can influence trend's mood and all corrections should be pointed out. There is also normal which was noticed by A. Elder - you should pay attention to the gap which appears at midnight to Monday - whether currency pairs of allies opened up or down and what supervision cash will move after that at Asian trading session - as a rule, the same direction currency will move the next week.
To earn at Forex market, you should understand that intraday trend does not exist by itself. The main conclusion which should be made by a trader: money moves the main part of its distance before the news release and just a little movement can be noticed when news was officially confirmed in case it has justifies the prediction. To be right, agent should observe only two rules: 1) It is necessary to use strong movement during the whole week in direction of published news and 2) You should be ready for reverse if the news did no justify expectations.
Insta Forex forex broker brand belongs to the InstaTrade Corporation which unites investment organizations all over the world. The key line of activity is providing forex trading services to customers since 2007. Today we cooperate with residents of more than 50 countries. Every day more than 300 forex traders open accounts with InstaForex, investing their assets to the stock and currency markets. Regardless of deposit amount each customer receives professional service, on-time technical support. The full spectrum of services is provided to the customer.
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