As the birth of Christ is fast
approaching and people are now too busy shopping for all the things
that they needed in preparation for the much awaited event, Some
questions might pop up to the fickle minds of newbie traders. If this
will be your first Christmas as a trader, you may be wondering if the
markets are open during this time of the year.
The answer is yes. But if in case you
have plans to trade during the yuletide season, there are some point
that you must take note of.
Brokers
Although most brokers allow trading
during this time of the year, there may still be some who would stop
its operation to enjoy and celebrate Christmas. No one can blame them
since it's just normal for humans to stop working once in a while and
enjoy life. Spending sometime with their children and relatives or
escaping the cold breeze by taking a vacation in a warm island
somewhere in the Asian region. If in case your broker's like that,
maybe you should too. It won't hurt if you leave trading for a while
and just come back tomorrow.
Movement
After successfully entering the market,
your instincts may tell you that something isn't right. Something's
unusual about the market. Guess what? You're right! During this
season wherein most are not working, the economic activity slows
down. If there isn't much economic activity, expect that the market
movement would be limited.
Spread
Since the movement are limited and only
a few are trading, you may get the idea that spread will increase.
Why will it increase and how much? Due to the limited number of
traders who are working, only a few may agree upon the value that
they want to sell or buy the currency of the other party. Often
because of this, the spread size becomes triple than the normal,
making it really difficult for traders to catch a profit which is
aside from the limited market movement.
So in the end, I am advising you to
just spend your time with your love ones because even though you have
the money that the world can offer, it cannot buy the time you traded
with currency trading. Merry Xmas!
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