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 Forex Trading during Christmas Holidays is a bad practice. During the session, the market will be volatile and your favorite currency pair may react adversely. There are several things to consider before opening any position during the Christmas Holiday. Forex Trading During Christmas Holidays with Low liquidity. During the Christmas holiday, there will be low market liquidity as the market giants like
Tips for FX Trading During the Christmas Holidays | 24 Forex Secrets
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. Based on the experience of the past several years, conditions had been repeating and we would like to share several useful tips for those that want to keep trading even though it is a holiday period.
One of the first aspects to take into account is that daily ranges get narrower as Christmas gets closer. Especially if we talk about major currency pairs EURUSDGBPUSD, USDJPY, etc. As a result, traders should make adjustments in terms of risk management.
At the same time, due to low liquidity, the number of false trading signals increased, and instead of trading breakouts, it would be better to trade ranges and false breakouts. Lower activity in major currency pairs is pushing FX traders towards exotic pairs. Nowadays, the pound is one of the most active currencies due to Brexit uncertainty and because of that, traders could find pairs such as AUDJPY or NZDJPY attractive. They will find higher volatility and on top of that, they can protect against the downsides of the Brexit negotiations.
Failure to reach an agreement by December 31 st could create some uncertainty during this holiday period, forex trading during christmas, but it all remains to be seen if politicians will finally reach an agreement.
Although the FX market had been complacent, leading to US dollar weakness and risk currencies rallying, negative events can always trigger sharp flight-to-safety and thus distort the current calmer tone.
Traders wanting to get involved in the market during the next few weeks should make sure that they are able to keep track of all the latest news. COVID, Brexit, US stimulus, forex trading during christmas, and transition towards a new presidency in the US are just some of the events that could change to market tone. Regardless if you want to trade or enjoy time with your family, our team would like to wish you happy holidays from now. Name required. Email will not be published required.
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Reasons to Avoid Holiday Trading / When Not to Trade ��
, time: 8:04Why you Should Avoid Forex Trading During Christmas? - AtoZ Markets - Forex News & Trading Tools
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 07/12/ · on December 07, Forex traders should be aware of the Western holiday season of Christmas and New Year because it impacts market opening and arguably the market itself. With thankfully finally coming to an end, it is time to think about year-end trading. As the Forex market is mostly headquartered in London and New York, Forex traders Author: Adam Lemon
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