Foreign Exchange Trading Holiday Hours

Foreign Exchange Trading Holiday Hours

Foreign Exchange Trading Holiday Hours

The Foreign Exchange Market has specific hours of operation, which is why for traders and investors being aware of the forex trading holiday hours is important for business. Keeping well-informed of when and for how long you can do business for the year of 2011 is just one of the many things you must do to stay on top of your game. What makes the Foreign Exchange Market unique among markets is the fact that it's open twenty-four hours a day during the week, from midnight on Sunday to midnight on Friday. This means that any holidays that fall on a weekday can still be used for trade. Many experts, however, discourage traders from using these days to work, even though many may wish to take the opportunity that the free time on a holiday represents.The reasons why experts discourage holiday trading is because banks tend to be closed on holidays. For this reason, there is little or no liquidity, and two-way trading is limited, if not impossible. The diversity of countries in the international trading arena means keeping track of holidays globally should be a priority, despite how tedious it may be. Newcomers to trading, especially, don't want to take breaks from monitoring the market. But just like an athlete must learn how to pace him or herself to avoid overwork, so must a forex trader interested in success.The liquidity of the market can work against traders in other ways. For example, changes in the market happen very quickly on holidays. Before you know it, the deck is stacked against you. In many cases, these changes can happen so quickly it's impossible to act in your own best interest in time. But even this kind of activity is usually not the norm. Chances are, if you are trading on a holiday, very few others are. You probably will not get much accomplished, and the market will have a very good chance of remaining static. Because of all these reasons, veteran forex traders recommend that beginners - and, indeed- everyone - use holidays are they were intended: as a break from work. A simple Google search (or whatever search engine you prefer) can turn up the listed hours of different foreign markets, as well as the days taken off for holidays. Trading smart is just as important as trading consistently. If you have the day off, take it.

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