Top 7 Things Every Forex Trader Should Do on Weekends
Top 7 Things Every Forex Trader Should Do on Weekends
Why Weekends Matter for Forex Traders
While the forex market remains closed on Saturdays and Sundays, your growth as a trader doesn't have to stop. In fact, weekends offer the perfect time to analyze, learn, and prepare—without the pressure of real-time trading.
Whether you're a beginner or an experienced trader, here are 7 powerful things you should do every weekend to become a smarter and more consistent trader.
1. Review Your Past Trades
Go through all the trades you made during the week.
Ask yourself:
- What worked and why?
- What failed and why?
- Did you follow your strategy or act on emotions?
Use a trading journal (Excel, Notion-like tools) to log and evaluate each trade.
Reviewing helps you avoid repeating mistakes.
2. Update or Refine Your Trading Plan
Your trading plan is your foundation. If something didn’t work during the week, now’s the time to fix it.
Review:
- Your entry/exit rules
- Risk-reward ratios
- News-trading strategy
- Risk management techniques
A strong plan leads to better discipline and results.
3. Analyze the Weekly Charts
Open your charting platform (like TradingView or MetaTrader) and switch to higher timeframes (Weekly/Daily).
Look for:
- Key support/resistance zones
- Trend direction
- Candlestick patterns
- Fundamental news that caused market movements
The weekend is perfect for clean, unbiased chart analysis without market noise.
4. Check the Upcoming Week's Economic Calendar
Note major events like:
Non-Farm Payroll (NFP)
Consumer Price Index (CPI)
FOMC Meetings
Interest rate decisions
This helps you prepare for volatility and avoid surprise losses.
5. Learn Something New
Use the quiet time to learn:
- New trading strategies
- Risk management rules
- Technical or fundamental concepts
- Psychology of trading
6. Backtest and Practice
Use demo accounts or trading simulators to test your strategy on historical charts.
Benefits include:
- Building confidence without risking money
- Spotting weaknesses in your system
- Improving entry/exit timing
Backtesting is how professional traders sharpen their edge.
7. Rest and Recharge Your Mind
Trading can be stressful and emotionally draining. Use the weekend to:
- Sleep well
- Exercise or take a walk
- Spend time with loved ones
- Meditate or relax
A calm and refreshed mind makes better trading decisions on Monday.
Weekends are not just for relaxation — they’re valuable for reflection,
Conclusion
Improvement and preparation.
By using your Saturdays and Sundays wisely, you can build discipline, sharpen your edge, and grow into a more profitable trader over time.
