Common sense might say to us "don't trade around Christmas" but the deep impulses which destroy Forex psychology get the best of us. The Forex markets are unforgiving and will gladly take your money if you throw your money at it 3. · Many so called forex traders will tell you trading during the Christmas holidays is a waste of time. I disagree vehemently,I have always found valid setups during the quieter days. There is almost always a good opportunity between 7 and 9 am London blogger.com your own research. Happy Christmas. Read more related postsAttention New Traders: · Christmas is almost upon us. Many of us will be taking a welcome break from the trading screens. But the Forex market never sleep! Well not much! The
Are Forex Markets Open On Christmas? (Trading The Holidays) – Stay At Home Trader
At this time of the year many traders tend to take an extended break from forex trading, and the reason why is because it is very hard to generate profits over the Christmas and New Year holiday season. I myself have been trading the currency markets for a number of years now, and always forex trading during christmas sure that I stop trading at least a week before Christmas because I know forex trading during christmas it always becomes harder to make money during this time.
I will usually resume trading well into the New Year when all of the traders are back at their desks and everything is back to normal. The main reason why Forex trading during christmas and many other forex traders take a break is because the markets are a lot quieter over the Christmas and New Year holiday period. Volumes tend to drop off quite considerably and price moves amongst the major currency pairs are often small and contained on a daily basis.
You can sit staring at your screens for hours on end, but the price will barely move a lot of the time. There are also be other occasions forex trading during christmas you get large price swings that are almost impossible to foresee because they are influenced by the lighter trading volumes. Generally, though, you will find that the markets are really quiet most of the time.
If forex trading during christmas need evidence of this, you only need to record the daily price movements of all the major currency pairs during this time, or look at the Average True Range indicator over the course of the holiday period, when you should notice that they all become a lot less volatile.
If you do insist on trading over the holiday season, you should maybe consider reducing your stakes or reducing your price targets due to the smaller price moves. Alternatively if you are more of a long-term trader and are not really concerned about the small intraday price moves, then you may want to consider trading as normal.
However I personally would suggest that you take a break altogether and enjoy the holiday season without worrying about the markets because, in general, volumes and volatility are greatly reduced and the price moves are often a lot more unpredictable.
You have the rest of the year to make decent returns from the forex markets because they will always be available for you to trade, forex trading during christmas. So why risk losing money and stressing yourself out during what should be one of the most enjoyable times of the year? Great information. thanks for sharing this with us.
It will really help many people who are new in trading business. i also agree with your point that market value decreases at holidays. Thanks for sharing the info, forex trading during christmas. In Christmas and New year time, market faces liquidity shortage. Market may not follow any trend then. Your email address will not be published. Comments Great information. Leave a Reply Cancel reply Your email address will not be published.
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How to trade FOREX during CHRISTMAS HOLIDAYS (best strategies \u0026 more)
, time: 7:42Trading During Christmas - Forex Alchemy
Common sense might say to us "don't trade around Christmas" but the deep impulses which destroy Forex psychology get the best of us. The Forex markets are unforgiving and will gladly take your money if you throw your money at it Tips for FX Trading During the Christmas Holidays. The end of the year is close and even though generally there is a subdued activity in the forex market, we still have several important events that could keep volatility up, even though traders leave their desks during Christmas · Christmas is almost upon us. Many of us will be taking a welcome break from the trading screens. But the Forex market never sleep! Well not much! The
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