Hi Guy’s
I am new to the Big World of Forex. I just wanted some advise.
Is the 1st Day of the month (for example 1st of may) a good day to trade? and what other days should you not trade to avoid risk? (example day after a Public Holiday)
It would be really appreciated if someone could HELP me.
Thanks
Rav
I personally trade everyday. But obviously knowing which times are going to be illiquid due to holidays is important. Its just about knowing your environment, if your afraid of news as well you can dodge those by just being out of the market for a bit before and after. Its really a personal thing and a system thing. I can trade any day and news or no news. Some people prefer to avoid it. If they dodge news they might be out of the market 15 minutes before and after some people hours before and after. There is no best answer, its your trading personality and system that dictate if you can or cant trade those times.
Thank you for your advise. It’s just kind of cleared my mind. Feel better know.
Rav,
You’ll only truly know by rolling up your sleeves and pulling some trades. There’s no magic bullet… it takes time to find your way and to find the strategy that best suits you. Study and trade…
Start with a tiny tiny tiny account… you can even trade nano lots with some firms.
Find a strategy that you like and go with it… you might love to trade during news or you might hate it. only way to find it is by trading!
Thank you so much for your advise Uptick. Just found some firms doing nano accounts. Will have a look
Nano accounts and demo ones are a good place to start. Remember to maintain a trading journal, this can help you assess your mistakes and correct them later on.
Good luck!
its hard to specify if its a good day or bad, but with enough time invested you will tend to understand when to buy and when to sell, more practice and no worries, just stick with demo accounts and pipsology fora couple o months and you will be fine 
