All weekends and holidays on Forex when the market is closed

When working on Forex, first of all, you should understand that in addition to weekends (Saturday and Sunday), there are also holidays on the currency exchange.

Moreover, holidays are not always a closed exchange, it all depends on which holiday and at which trading session the trading is currently taking place.

Since, if in the USA, for example, they celebrate Independence Day and there is no trading in the American session on July 4, then the European and Asian stock exchanges operate normally.

In addition, in recent years, some brokers on Forex weekends allow you to trade cryptocurrencies, providing access to the market 7/24.

It would seem that in such a simple question there are a lot of important nuances that should definitely be paid attention to.

First of all, let’s focus on when Forex doesn’t work

As mentioned above, weekends on Forex depend on the country where the exchange is located, so often the break in trading is only a few hours.

Asian session:

• January 1-3 New Year is a day off on the Japanese stock exchange and in banks.
• February 11 is a national holiday.
• May 3 – Constitution Remembrance Day
• December 23-24 – Emperor’s birthday.
• December 31st – New Year's holiday.

2. European session:

• January 1-2 – New Year, Forex does not work.
• May 7 – no trading
• June 4 – market closed
• December 24-25 Christmas holiday

3. American session:

• January 1-2 – beginning of the new year.
• February 20 is the President's holiday.
• July 4th is Independence Day.
• 24-25 Christmas celebration.

At the same time, trading on weekends and holidays has a number of features; if you do not take them into account in your work, it will not lead to anything good.

The first is the spread; its size can increase several times, and this applies not only to floating commissions; Forex dealing centers motivate such an increase by the low liquidity of trading instruments.

The second point is that when choosing a currency pair for trading that includes a holiday currency, you need to focus more on the behavior of the second currency.

Since during the holidays it is unlikely that important messages will be received or significant events will occur, with the exception of natural disasters or catastrophes. The question often arises: is it worth trading at a time when the market has low volatility, and the size of the spread, on the contrary, tends to increase?

It all depends on your trading method and the chosen trading tool; it is clear that pipsing and scalping are simply not possible at these moments.