The forex market operates 24 hours a day, five days a week, offering endless opportunities for traders worldwide. However, not all trading days are created equal—some days provide more liquidity and better price movements, while others are slow and uneventful.
If you want to maximize your profits and minimize risks, knowing which days are best for forex trading can be a game-changer. This guide will break down the best and worst days to trade forex, helping you refine your trading strategy.
Which Days of the Week Are Best for Forex Trading?
Forex market activity fluctuates throughout the week based on liquidity, economic data releases, and market sentiment. Here’s a breakdown of the best and worst days to trade forex based on historical volatility and trading volume.
Average Pip Range Per Day for Major Currency Pairs
The table below shows the average pip movement per day for some of the most traded forex pairs:
| PAIR | MONDAY | TUESDAY | WEDNESDAY | THURSDAY | FRIDAY |
|---|---|---|---|---|---|
| EUR/USD | 49 | 63 | 64 | 72 | 65 |
| GBP/USD | 65 | 80 | 85 | 90 | 86 |
| USD/JPY | 95 | 110 | 118 | 130 | 120 |
| AUD/USD | 45 | 60 | 62 | 61 | 67 |
| NZD/USD | 41 | 52 | 59 | 54 | 57 |
| USD/CAD | 55 | 71 | 68 | 69 | 73 |
| USD/CHF | 45 | 56 | 58 | 70 | 60 |
| EUR/JPY | 114 | 113 | 114 | 140 | 126 |
| GBP/JPY | 137 | 132 | 146 | 165 | 152 |
| EUR/GBP | 29 | 33 | 34 | 34 | 33 |
| EUR/CHF | 42 | 44 | 45 | 53 | 50 |
This data confirms that the middle of the week is the best time to trade, with Tuesday, Wednesday, and Thursday being the most active trading days.
Best Days to Trade Forex (High Liquidity & Volatility)
1️⃣ Tuesday, Wednesday, and Thursday – Best Days for Trading
✅ Why?
These days typically have higher trading volume and volatility, making them ideal for forex traders looking for significant price movements.
✅ Key Characteristics:
- More liquidity = tighter spreads and lower trading costs.
- Strong market trends develop and follow through.
- Higher volatility allows for greater profit potential.
📌 Pro Tip:
If you’re looking for consistent trade setups, focus on these days for higher probability trades.
Worst Days to Trade Forex (Low Liquidity & Risky Conditions)
2️⃣ Mondays – Slow Start
❌ Why?
- The market is still waking up after the weekend.
- Low liquidity leads to unpredictable price movements.
- Traders are waiting for economic news and trends to develop.
📌 Pro Tip:
Use Mondays for market analysis and preparation, rather than executing trades.
3️⃣ Fridays – Liquidity Dries Up
❌ Why?
- The market slows down after 12:00 PM EST.
- Traders close positions ahead of the weekend, causing erratic price movements.
- Unpredictable market behavior can lead to losses.
📌 Pro Tip:
If you must trade on Fridays, do it before noon EST, when liquidity is still available.
4️⃣ Sundays – No Movement
❌ Why?
- No major financial centers are open.
- Minimal liquidity = large spreads.
- Market remains slow until the Asian session kicks in.
📌 Pro Tip:
Skip trading on Sundays and use this time for research, backtesting strategies, and preparing for the week ahead.
How to Check a Currency Pair’s Volatility Per Day?
If you want to find a currency pair’s volatility per day, you can use historical data or tools like MarketMilk™ to check past trends and plan accordingly.
Follow These Steps:
1️⃣ Visit a forex volatility tool like MarketMilk™ or use DailyForex.pk’s market insights.
2️⃣ Search for the currency pair (e.g., EUR/USD, GBP/USD).
3️⃣ Click on ‘Volatility’ to see historical pip ranges per day.
4️⃣ Use this data to plan your trades on high-liquidity days.
Key Takeaways: When Should You Trade Forex?
✅ Best Times to Trade Forex:
✔ Tuesday, Wednesday, and Thursday – Highest liquidity, best price movements.
✔ During session overlaps (London-New York) – Strong volatility and tighter spreads.
✔ When major economic reports are released – News drives price action.
🚫 Worst Times to Trade Forex:
❌ Sundays – No liquidity, high spreads.
❌ Mondays – Slow start, unclear trends.
❌ Fridays after 12 PM EST – Markets die down.
❌ During major news events – Avoid high volatility spikes unless you’re a news trader.
Final Thoughts
Timing plays a crucial role in forex trading. By trading on the best days (Tuesday-Thursday) and avoiding slow days (Monday, Friday afternoon, and Sunday), you can maximize profits and minimize risks.
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