Forex trading during holidays

Forex trading during holidays

Posted: scat Date of post: 03.07.2017

With the holiday season about to take over our lives, most new Forex traders are wondering what to do. With extra time off from work should you use that time to trade around the clock, or should you put the trading platform on the side and enjoy the time with your family and friends? The holidays affect almost all of the major currencies, especially the US dollar, British pound, the Euro, Canadian dollar and the Australian dollar.

forex trading during holidays

Without much movement here, is there even a point in trading? There is such a thing as what I like to call Forex burnout. It happens to everyone who is active in the market. And just like a tired quarterback will start to lose the strength in his throwing arm, Forex traders will start to lose their biggest strength, their brain power.

Forex Trading During the Holidays– Part 1 | Chart Analysis | Vantage FX

If you are still gathering trading knowledge and are afraid of losing ground by taking time off, you can take a few hours here and there to go over your journal or plan future strategies.

You may actually find that doing this without the pressure of actually being involved in any trade will help you absorb the information easier. Besides the personal reasons for taking time off during the holidays, there are some logical reasons as well:.

forex trading during holidays

Get our Weekly Commitment of Traders Report: Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter. You might be thinking that now is a good time to look at Japan, or other currencies that are not that big on Christmas and Hanukkah.

Trouble here is, they are being affected by our lack of concern in the market just as much as you are. While what we have termed the holidays affects the major currencies in a big way, other holidays around the globe are having similar effects at other times of the year. You are better off taking that day off if this is your currency pair.

The fourth of July is another one for the USD, just like Thanksgiving Day is.

5 Reasons to Avoid Trading during Forex Market Holidays

What some traders will do with these one day holidays is try to make a long trade that covers it. This is akin to leaving a trade open over the weekend where anything could happen that could make the pair suddenly change direction. Do yourself a favor and eat some turkey or light off those fireworks and wait until Monday to start trading again. It will still be forex trading during holidays in January, just the way you left it.

For now, start buying your gifts and decking your halls and take advantage of the slow moving market time to let best penny stock reviews brain have a much deserved rest. Casey Stubbs is the founder of WinnersEdgeTrading.

Forex Bank Holidays

Winners Edge Trading has trained thousands of people to trade the Forex markets. Your email address will not be published.

forex trading during holidays

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Forex Holidays (Markets Holidays calendar)

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Thank you for sending! We already sent you link to interactive tutorial. Please check your email! Forex News Blog Opinions Newswire Charts Calendar Apps Search. Forex Trading During the Holidays. Will the Time Away From the Market Hurt You or Help You? Besides the personal reasons for taking time off during the holidays, there are some logical reasons as well: Email Facebook Twitter Pinterest Google LinkedIn Reddit WhatsApp. This week in monetary policy: Leave a Reply Cancel reply Your email address will not be published.

Trade Setups on US Dollar at Weekly Pivot Point. Technical Analysis — Cooler US weather forecast bearish for natural gas. Global equities retreat after energy slump. WTI Crude Stumbles into Bear Market. The Best Way to Profit from the Semiconductor Industry. Gaps in the Forex Market. New Areas of High-Grade Uranium Mineralization Drilled in Athabasca Basin. Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment.

Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite.

You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts.

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