Does the forex market close in december?

Does the forex market close in december?

Does the forex market close in december?

Does the forex market close in december?

The market for foreign exchange (Forex) is the largest financial market globally, and the value of the trading volume daily is estimated at approximately $5.1 trillion.
Hedge funds, banks, and other large financial companies are the major traders in the Forex market.
Usually, the Forex market is open for trading all 24 hours of the day and five days of the week, starting Monday and closing on Friday.
Saturday, Sunday are the weekend holidays for the Forex market.
When the trading volumes are low due to holidays, off-market trades can cause changes in foreign exchange rates with noticeable fluctuations.
In addition to the holidays on weekends, other public holidays affect the Forex market, changing it.
These public holidays are Christmas, New Year Eve, and Thanksgiving Day.

The forex market does not close completely in December, but there are a few days where the brokers close earlier or completely.
I will describe these days below.

Also, traders should note that the market will begin to move more slowly from around December 15th.
As a result, many traders also take a vacation from the market from about December 15th through early January at least until the market starts moving normally again.
You can of course trade during this period, but do not expect too much from the market.
Everything moves much slower and it’s just much more risky.

Does the forex market close in december?

Does the forex market close in december?

My opinion

Try to master your discipline and learn to know when to stay off the market and when the days are good to trade.
Stay away from low volume markets and days and find your way around them.
Only then will you be profitable.
In addition, I will NOT trade on days with very little volitidity/volume and you can therefore already fill in yourself when I will not trade in December!
We traders could also use a holiday sometimes, don’t you think? 🙂
So that we can start fresh on the market in January.
And see this holiday as a challenge to learn even more and broaden your horizon in trading.
I want to wish you happy holidays and let’s make it another great and successful trading year next year!

 

Do you want to become Success Supply and Demand Trader?
Or want to know more about Does the forex market close in december??

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about when to enter a trade forex?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Can you be a millionaire trading forex?

Can you be a millionaire trading forex?

Can you be a millionaire trading forex?

Can you be a millionaire trading forex?

This is a question I hear a lot around me.
And the answer to it is yes!
But let me be very clear that this is not easy.

It’s not as easy as some ads show you sometimes.
We all see those ads every day that promise you all kinds of things “Become a millionaire in a few months.” “Get Rich Quick!” “Anyone can now become a millionaire with my system!” Except that this does not apply to trading at all and I even find it misleading and fake.
Of course, this also applies to many other things.
So don’t fall for this!
Because of everything we see around us, the big beautiful houses the super cars the most expensive jewelry, many people also want to achieve this and are therefore more likely to fall for certain false ads.

I just told you that you can definitely become a millionaire by trading forex.
But then you ask yourself how?
Let me explain that in a really honest way.
Learning to trade forex correctly just takes time.
For some it takes a year and for others sometimes 5 years before you are really successful.
It also takes a lot of effort and hours behind the charts.
And what about a good risk management?
Because if you master the technique well, but not the rest, you will never become a millionaire trading forex.

Funds

And now we come to the next point.
Funds!
Also how many funds you have to trade with will ultimately determine within what time you can become a millionaire by trading forex.
Because someone with an account of 100,000 will of course achieve this sooner than someone with an account of 5000.
Provided of course that the person of 100,000 masters good risk management.
But if you do not have a large piggy bank and do not immediately have that much money at your disposal, are there still options?
There are also possibilities for that.
Nowadays there are many companies that want to offer you a larger trading account if you can show that you can do it.
From the profits you make, you and the company share the profit.
With many companies you only have to pay an entry fee to get into the test phase.
The level of the entry fee is often determined on the basis of the amount linked to the account.
But beware, if you do not get through the test phase or if you have not adhered to the rules, you will in most cases lose your money.
But if it goes well and if you achieve the goals of the first test phases, you will be rewarded with a large trading account.
And you can certainly earn a lot of money with a minimal investment!

Conclusion / Can you be a millionaire trading forex?

Arriving now at my conclusion, my answer to this question is definitely yes!
Of course I also speak from my own experience, but I have to be honest to tell you that the road to it has not been easy.
I too lost a lot of money in the beginning and was often on the verge of giving up.
In the end I did not do this and I can now proudly say that trading has provided me with a very good income.
So I think it’s possible for you too?
Sure!
If you are willing to work hard, spend many hours behind the charts and do a lot of backtesting, you will definitely succeed!
Have a very good plan and very good risk management so that you don’t have to hurt yourself unnecessarily with blowing up your account.
I think this is step 1 on the road to becoming a Forex millionaire!

Do you want to become Success Supply and Demand Trader?
Or want to know more about Can you be a millionaire trading forex?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about when to enter a trade forex?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

When to enter a trade forex?

When to enter a trade forex?

When to enter a trade forex?

When to enter a trade forex?

For some and I think for many novice traders it is very difficult in the beginning to determine when exactly you open a position on the forex market.
Because this of course also depends entirely on the trading style and the strategy you use.
Everyone has their own style and approach.
That is why I am going to briefly explain to you in this blog today when I enter a trade with my style and strategy.
As most of you already know, I trade on a Supply and Demand basis.
And I also had trouble finding the right entries in the beginning.
But after a lot of testing and observation it is possible with time to make better and more beautiful entries.

When do I enter a trade?

Before I enter a trade I pay attention to a number of things and only when everything is correct do I enter the trade.
I pay attention to points such as what is the trend at the moment?
Am I taking a counter move now?
Or am I going with the trend?
Are there any other blocks nearby that could hinder my trade?
Did the price grab enough liquidity?
And so everything has to be right for me before i enter a trade.
In the image below I will explain what exactly I pay attention to.

When to enter a trade forex?

Above we see a nice example on GJ.
We see a clear Demand zone and I have also drawn the Low and High.
If we look closely at this image, you can probably spot some nice entries.

When to enter a trade forex?

As you can see at us30 we comes with a lot of sellers pressure in a fresh demand level, from here we are looking for a shift from sellers to buyers we know that demand levels contain long orders in this case so possible buyer orders waiting to be filled.
We also see that the last low tested deeply (liquidity push) we also see that price comes in with high volume, which is an even greater confirmation.
Then we see a shift multiple spikes rejections / exhausted become the sellers and so the buyers take over.
Then we see a new leg up when we shift to a lower timeframe we see that on the lower timeframes new buy levels are created or new demand levels that are again full of buy orders which gives us the possibility for multiple entries!
It is very important to determine the liquidity levels and the supply / demand levels and a large part of waiting and execution at the right time is key price reading, learning to understand the price and what the price tells you, because every candle has its own story.
supply & demand..

 

Do you want to become Success Supply and Demand Trader?
Or want to know more about When to enter a trade forex?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about when to enter a trade forex?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

What is liquidity in forex? With video.

What is liquidity in forex? With video.

What is liquidity in forex?

What is liquidity in forex?

Liquidity in the forex market is the ability for a currency pair to trade.
I mean Buy/Sell on Demand.
So when you trade Major currency pairs you are trading a market that is extremely liquid.

But not every currency pair is liquid.
Currency pairs actually have different levels of liquidity.
And this again depends on whether it is a Major pair or a Minor pair and then of course you also have the exotic pairs.
So Forex liquidity dries up as trader’s move from major pairs to minor pairs and finally to the exotic pairs.

Liquidity Pairs.

What are High Liquidity Pairs? / what is liquidity in forex?

Firstly high liquidity in forex refers to a currency pair that can be bought or sold in large quantities without major differences in the exchange rate.
So below is a list of the major pairs, which means pairs with a high liquidity.

  • EUR/USD (Is the world’s most heavily traded currency pair, representing more than 20% of all forex transactions.)
  • USD/JPY (Is a distant second place.)
  • GBP/USD
  • USD/CHF
  • EUR/GBP
  • AUD/USD
  • USD/CAD
  • NZD/USD

 

What are low liquidity pairs? / what is liquidity in forex?

Secondly Low liquidity pairs are pairs that cannot be bought or sold without major differences in its exchange rate price level.
Like exotic pairs for example AUD/NOK (Australian Dollar/Norwegian Krone).

what is liquidity in forex

Liquidity Levels.

What are Liquidity Levels? / what is liquidity in forex?

For large institutions and traders who have to fill large orders, finding high liquidity levels is very important.
So a market’s liquidity has a big impact on how volatile the market’s prices are.
When these major players enter the market, they naturally want their orders to be filled at the best price.
However, given the size of their positions, they need to find enough counter-forces to fill their orders, and here is the key, with the minimal amount of slippage.
For example imagine a big player coming in at a low liquidity area, the volatility it would create would have a negative impact on the average price it gets.
So low liquidity often makes the market more volatile and also causes the price to change drastically.

But where exactly do we find these levels?
The answer is actually very simple where Stoploss orders are hidden.
Maybe you already know the word Stop-Hunt? This actually has everything to do with it.
So the fact that large players have to enter the market in areas of liquidity as they aim to accumulate major positions.
These areas will always attract interest as that’s where pockets of liquidity exist.
As a result allowing them to get the best average price by reducing the risk of slippage.

Finally below is a clear video about how you can trade with High liquidity levels.

 

What is liquidity in forex

 

 

Do you want to become Success Supply and Demand Trader?
Or want to know more about what is liquidity in forex?

So if you are a beginner trader and to become a good professional forex trader.
Want to know more about what is liquidity in forex?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

Is forex trading legal?

Is forex trading legal?

Is forex trading legal?

Is forex trading legal?

Is Forex Trading Legal?
This is a question I often hear from traders.
And yes forex trading is legal and trading the financial markets is completely legal.
Although there are special rules and laws in some countries and forex trading is banned in some countries.
The rules regarding Forex trading are different in every country.
So I advise you to take a good look at what the rules are in your country.
I have described below a few countries with special rules regarding Forex trading.

Countries where Forex is restricted.

Belgium.

Since 2016, the Financial Services and Markets Authority (FSMA) of Belgium.
Has banned binary options and rolling spot forex contracts.
Belgium simultaneously banned aggressive marketing.
Ensuring investors won’t be exposed to promises of riskless profit and outsized returns.
So as a resident of Belgium you are free to trade forex.
But you will have to use the services of an overseas broker.

Malaysia.

Trading forex is legal in Malaysia but only with a registered and approved financial institution.
So the official rule in Malaysia is that it is only allowed to trade forex at licensed institutions.
Of which there are several!

India.

Firstly forex trading is legal in India.
Securities and Exchange Board of India (SEBI) is the body responsible for the Forex trading industry.
SEBI regulates all the forex brokers in India regardless of whether they are onshore or offshore brokerage firms.
But when we talk about retail trading in India, there are limitations.
The government has not forbidden Indians to trade Forex.
So they have limited trading for Indian residents to only trade currency pairs against INR (Indian Rupee).
As a an Indian resident, as long as you are trading through an Indian Brokerage.
Which allows access to Indian Exchanges such as the NSE, BSE, MCX-SX.
And providing access to currency derivatives is entirely legal.

China.

Despite being the most populated country with a sound economy, they have restricted the forex market.
As similar to other Asian countries, China has restrictions on foreign brokers, trading forex and trading software.
So if a foreign trading company wants to trade with locals, it has to open a new local company in China.

Japan.

Japanese are way ahead of what they are doing but they have also given limited live forex exposure.
So Japanese also cannot use mobile trading. Margin trading is also not allowed in this nation.
Using these restrictions over online trading, Japan is protecting its economy.

Is forex trading legal

Countries where forex is banned.

  • Zimbabwe
  • Syria
  • British Columbia (Canada)
  • Cuba
  • Sudan
  • North Korea
  • Myanmar
  • Liberia
  • Iran
  • Ivory Coast
  • South Korea
  • Belarus
  • Quebec (Canada)

In addition, there may be a ban on trading in countries that live according to the laws of Islam.
Such as Iran, Saudi Arabia, Pakistan, etc.
But trading in financial markets can be legal when using the so-called Islamic account.
Which implies trading without swaps.
(according to Sharia law, it is prohibited to receive or pay interest).

Why countries restricting or banning Forex Trading?

In conclusion some countries view gambling and forex trading as the same thing.
That is why trading forex is restricted or banned in some countries.
Because we all know if you don’t use good risk management you can lose your entire capital.
And the country wants to protect its inhabitants from that.
There is also a danger to the economy and currency of the country due to forex trading.

Do you want to become Success Supply and Demand Trader or want to know more about forex trading?

If you are a beginner trader and to become a good professional forex trader.
Want to know more about Is forex trading legal?
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

 

 

 

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