While cryptocurrency markets operate 24/7, weekends (specifically Saturday and Sunday) are often considered best to avoid due to lower liquidity, higher volatility, and increased risk of unpredictable price swings driven by bots. Trading during holidays or, for some, during periods of planned exchange maintenance can also be risky.
Generally, cryptocurrency prices start low on Monday and rise throughout the week. When the weekend hits, prices tend to drop until market activity begins the following Monday.
Saturdays and Sundays tend to be the least favourable days for trading forex. Most traders tend to avoid trading forex during holidays and around major news events.
The 3-5-7 rule in day trading is a risk management framework: risk no more than 3% of capital on a single trade, keep total exposure across all open trades under 5%, and aim for a minimum 7% reward-to-risk ratio (meaning your winning trades should be significantly larger than your losing trades), ensuring capital preservation and consistent profits. This strategy helps traders stay disciplined, avoid emotional decisions, and build a sustainable trading plan by focusing on quality setups and managing risk effectively.
Global cryptocurrency markets are open around the clock, so traders can open and close positions 24 hours a day - even on the weekend. With FOREX.com, you can trade crypto CFDs 24/7*. See below for more details on FOREX.com's crypto trading hours. *Markets close Friday at 9pm UTC and reopen Saturday at 8am UTC.
The "crypto 30-day rule" refers to the IRS wash-sale rule, which does not apply to cryptocurrencies, treating them as property, not securities, allowing investors to sell at a loss and immediately buy back the same crypto to realize the loss for tax purposes (tax-loss harvesting) without waiting 30 days, unlike stocks. However, some tax authorities (like the UK's HMRC and Lanop or local interpretations) may have their own "bed and breakfast" rules that match sales and purchases within 30 days, affecting capital gains, so it's crucial to check specific tax jurisdictions.
The "90-90-90 rule" in trading is a harsh reality check stating that 90% of new traders lose 90% of their money within the first 90 days, highlighting the high failure rate due to emotional decisions, poor risk management, and lack of education/strategy. It serves as a cautionary tale, emphasizing that success requires discipline, a solid trading plan, continuous learning, and strict risk control (like risking only 1-2% per trade) to avoid the common pitfalls that wipe out most beginners.
Over the years, September has consistently been one of the worst months for stock performance. Major stock indices like the Dow Jones Industrial Average (DJIA) and the Standard & Poor's 500 (S&P 500) often show declines during this time.
10 Best Rules For Successful Trading
Monday market conditions are often very different from what traders experience mid-week. Liquidity tends to be thinner, particularly early in the Asian and European sessions, as large institutions are still positioning and evaluating the week ahead. As a result: Price action is often slower.
The 1% rule in crypto trading is a risk management strategy where you never risk more than 1% of your total trading capital on a single trade, calculated by setting a stop-loss to limit potential losses, helping protect your overall portfolio from significant damage and reducing emotional trading. For example, with a $10,000 account, your maximum loss on any trade is $100, achieved by adjusting your position size based on where you set your stop-loss.
It limits how much you risk per trade (3%), how much you expose across all open trades (5%), and sets a clear target for profit on winners (7%). Risking no more than 3% per trade protects your capital. This cap ensures a single loss won't damage your account and helps you trade more objectively.
7 Strategies for Investing $1,000 and Making $5000
I just crossed + $500,000 in profits after 1 year of full time day trading. In that time, I have had a maximum cumulative drawdown of only — $6,419 with an average drawdown of -$1,000. This article is my holistic approach to risk management that any trader can apply to their own strategies.
The 7-3-2 rule is a financial strategy for wealth building, suggesting it takes 7 years to save your first major financial goal (like a crore), then accelerating to achieve the next goal in 3 years, and the third goal in just 2 years, leveraging compounding and disciplined, increased investments (like a 10% annual SIP hike). It highlights how returns compound faster over time, drastically reducing the time needed for subsequent wealth targets, emphasizing patience and consistent, growing contributions.
🌟 3 Golden Rules for Beginners in Crypto Trading
👉 Don't buy with all your money. 👉 Don't sell all your coins. 👉 Keep some reserves for surprise opportunities.
As someone who has navigated the crypto world for 10 years and now lives entirely off trading and market opportunities, I'll give you the conclusion: yes, but it is absolutely not the situation you imagine of 'watching the market for two hours a day, lounging and counting money'.