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.
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.
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.
✅ Why?
These days typically have higher trading volume and volatility, making them ideal for forex traders looking for significant price movements.
✅ Key Characteristics:
📌 Pro Tip:
If you’re looking for consistent trade setups, focus on these days for higher probability trades.
❌ Why?
📌 Pro Tip:
Use Mondays for market analysis and preparation, rather than executing trades.
❌ Why?
📌 Pro Tip:
If you must trade on Fridays, do it before noon EST, when liquidity is still available.
❌ Why?
📌 Pro Tip:
Skip trading on Sundays and use this time for research, backtesting strategies, and preparing for the week ahead.
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.
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.
✔ 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.
❌ 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.
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.
If you want to stay ahead in the forex market, follow DailyForex.pk for real-time forex insights, daily updates, and expert trading tips! 📊🔥
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