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Curious about forex trading secrets, forex strategies or forex market charts? Learn about foreign currency exchange services; for arabic, russian, chinese or deutsch speakers. Monitored by CBRC(China), FSA(GB) and ASIC(AU), focus on a gadget friendly system or quick downloads.
please define the "monday effect"
glossary FAQ: glossary.
Y. I. From Vallejo, United States
15 July, 2009
a "monday effect " is A theory that states that returns on the stock market on Mondays will follow the prevailing trend from the previous Friday. Therefore, if the market was up on Friday, it should continue through the weekend and, come Monday, resume its rise.
Some studies have shown a similar correlation, but no one theory has been able to accurately explain the existence of the Monday effect. Visit Oanda
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