Eight Iron Rules to Make FX Trading as Your Income Pillar: Rule 7—FX Gets Better Over the Weekend!

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※This article is a reprint/edit from FX攻略.com October 2020 issue. Please note that the market information written in the body may differ from current market conditions.

First, rules must be established

What do you do on Saturdays and Sundays? For employed people who have weekends off, taking proper rest is important. However, the way you spend your weekend can decisively affect FX profits. Weekends are a good time to review trades and analyze results.

During weekdays the market moves, so you should trade if there is a chance, and even if you want to review or analyze trades, the charts are moving, so you may not be able to concentrate.

First thing to do on weekends is “Did you follow the rules?” When aiming for profits in FX trading, it is essential to have solid rules established in advance. Without this, even if you profit, it’s just a coincidence, and there is no guarantee you can earn the same next time. In other words, there is no reproducibility.

Therefore, there must be a rule-set with a statistically expected value, and you must check that you can strictly adhere to it.

Even if you trade by the rules and lose, that is a good loss and not a problem. Conversely, if you break the rules, even if you make a huge profit, that’s a no-go.