What is Forex and how does it work?
27 November 2015
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Learn everything about Orderflow trading?
theforexscalper
Email us now :
info@theforexscalpers.com
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?
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!
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Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it's a passion that has fueled my curiosity and determination. Over the years, I've explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving landscape of technology and innovation. Through it all, I've witnessed firsthand the transformation of the financial industry. My mission is to share the wealth of knowledge I've gained over the years with you, my fellow traders and aspiring investors. Whether you're a seasoned pro looking for fresh perspectives or a newcomer eager to understand the basics, you'll find something valuable here.
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