All weekends and holidays on Forex, when the market is closed
When trading on Forex, it's important to understand that, in addition to weekends (Saturday and Sunday),
the currency exchange also has holidays.
Moreover, holidays don't always mean the exchange is closed; everything depends on the specific holiday and the trading session being conducted.
For example, if the US celebrates Independence Day and trading is not conducted in the American session on July 4th, then the European and Asian exchanges operate normally.
Moreover, in recent years, some forex brokers have been allowing cryptocurrency trading on weekends, providing 24/7 market access. While
this seemingly simple matter may seem like a simple one, there are many important nuances that should definitely be considered.
First of all, let's focus on when Forex doesn't work
As mentioned above, the weekend on Forex depends 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 - a day off on the Japanese stock exchange and in banks.
• February 11 - national holiday.
• May 3 - Constitutional Memorial Day
• December 23-24 - Emperor's Birthday.
• December 31 - New Year's Day.
2. European session:
• January 1-2 - New Year, Forex is closed.
• May 7 - no trading
• June 4 - the market is closed
• December 24-25 is Christmas holiday
3. American session:
• January 1-2 - the beginning of the new year.
• February 20 - President's Day.
• July 4 - Independence Day.
• Christmas 24-25.
At the same time, trading on the eve of 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.
First, the spread can increase several times over. This applies not only to floating commissions; forex dealing centers justify this increase by citing the low liquidity of trading instruments.
Second, when choosing a currency pair for trading that includes a holiday currency, you should focus more on the performance of the other currency. During holidays, important news and significant events are unlikely to occur, with the exception of natural disasters or catastrophes.
The question often arises: is it worth trading during these times when market volatility is low, but the spread tends to increase?
Everything depends on your trading method and the trading instrument you choose. It's clear that pipsing and scalping are simply not possible at this time.
