Dear friends!
Merry Christmas! Happy Holidays!
Should we trade on holidays period?
Most brokers report increasing the spreads during Christmas & New Year holidays.
Holiday Operations:
Dec 24 - spreads increase start before noon ET
During that time Spreads may be wider than normal.
Jan 3-4 should be returned to Normal spreads at London open.
Please note: Spread increase during holiday season is tradition and has nothing to do with fapturbo trading itself.
Traditionally Forex trading is not recommended during holiday season. (end of december-beginning of january). Experienced traders avoid trading during these week or two and spend time with their families after the hard working year.
You can still trade however we suggest to reduce lot risk reductor to minimum conservative level possible.
In case you are interested: Here is the article
"Reasons to Avoid Holiday Trading"
(taken from forextrading.about.com)
Quote:
For beginning forex traders in particular, holiday trading is very tempting. It can be difficult to pull yourself away from the excitement on the market and take a break from the action. Let’s examine some of the reasons to avoid trading on holidays.
1. No Liquidity
Banks are usually closed on holidays and professional traders and big institution are on vacation. Because of this, two way trading is very limited. That means that prices can move very easily in one direction if any surprise large orders come in.
2. Unexpected Behavior
Building on the previous idea about liquidity, sometimes a surprising event will happen and because the markets are not liquid, they will move very quickly and sharply. These moves can take place in a blink and if you are trading, the market can make a move against you before you even have a chance to act.
3. Inactivity
The unexpected behavior is usually the exception rather than the rule. Most of the time, there is very little action in the forex market on US holidays. For daytrading purposes, technical analysis usually fails. The market is usually so slow that even if you can make money, it will probably be so little that it isn’t worth it.
4. Everyone Needs Personal Time
Above all, you shouldn’t be trading on holidays because you have to rest sometime. It’s better to take time off and spend it with your family. That time does not come around often and it’s better to take that time off while you can. The forex trading markets are busy most of the time. Holidays are a perfect time to rest , reflect, and recharge.
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Trading on Holiday time? Should we avoid it?
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