24/12/ · Many traders believe that the Forex liquidity on Christmas Eve is very thin, and it is not recommended to trade in such an environment at all. Let's see if this preconception holds. 18/12/ · Andrew Lockwood (from Forex Signals) is here to explain the pitfalls and opportunities of trading Forex over the Christmas holiday season! In this video Andrew goes 14/4/ · The entire day is a public holiday in the UK, Switzerland, Australia, France, Germany, and Italy, so trading the GBP, CHF or AUD could be especially pointless. Markets remaining 10/12/ · Trading forex during the Christmas holidays is a poor idea. Instead of staring at the chart, a trader should spend that time with their children in the garden. However, if a trader 19/12/ · The Christmas break offers most traders a chance to review their performance for the year and identify things that they could still improve on in preparation for the upcoming ... read more
The chart below shows the daily change and daily range values in pips. Evidently, Christmas Eve trading becomes gradually less active with years. Comparison to all-day averages suggests that both average daily change and range are about two-thirds of a norm, signaling lower volatility and profit potential. As for the direction of the currency pair's movement, 7 times out of 16 it moved on Christmas Eve in the same direction as the day before and 7 times in the same direction as the day after.
That was especially evident during the past two years. The anomaly of the daily change being bigger than the daily range in is explained by the fact that the daily change value is calculated using the previous candle's Close value, which can be lower than the Low of the current candle due to a gap.
At the same time, the daily change is the same. The average daily change on Christmas Eve is about half of that of a regular day. The chart also draws a rather bullish picture for the currency pair. The dominance, albeit less pronounced, remains on Christmas Eve sessions too. Yet, holiday trading is about twice weaker than all other sessions on average.
It also loses in volatility and average daily change to the top four majors. First, was a clear outlier, which unfortunately spoils the average data for the pair; this is something to bear in mind. Second, the pair's volatility is in a long-term decline with a sort of a revival from onwards, though it has pulled back a bit in the past two years.
Obviously, the year outlier seen on the chart above is to blame here. On top of that, the daily volatility numbers suggest that the currency pair is normally rather volatile and remains such during Christmas trading. So, how you can learn more about the forex market as a brand new trader? As a brand new forex trader, you should test out demo accounts; demo account helps you in learning some basic concepts of the forex market.
If basic concepts are clear about the forex market, it will help you when you start out a live forex account. Christmas is very popular in Germany, France, Italy, Sweden, Poland, New Zealand, Japan etc.
You should be aware of, whether the market is open or closed on this day. So, are forex markets open on Christmas? No, forex markets are not open on Christmas Day. Forex markets are closed to retail traders, it is always open for central banks. During the public holiday, the volume of transactions being carried out reduces greatly, which results in a very low volatile trading day. Mostly, all the brokers are not available during public holidays.
Trading in the forex market is not at all done at the particular central location or place; it is conducted between participants through phones and ECNs electronic communication networks in different markets around the world. Nowadays, due to the availability of internet connections, it becomes easier for a brand new trader to trade in the forex market. Because forex trading via internet is one of the reliable and modern way of trading.
Doing this, helps you in saving your time and money. If you are a forex trader, very consistent and focused on trading and suddenly, you hear about the market close during public holidays. What are some important things you should do to improve your performance?
The Forex market is generally closed due to public holidays, but when it is closed due to any other reason, you can do numbers of important things to improve your performance in the trading. Here are some of them:. When you check out your past performance of trading, it gives you an idea of how well you have performed in past days and what improvements you did to improve your performance. You need to evaluate your past performance and also check out what silly mistakes you had done in the forex trading.
Your past data help you in improving performance, by not repeating the same mistake you did earlier.
The next step you need to do after you take a look at your past performance is, analyze your present performance in the market with the past performance. Analyzing the performance gives you an idea of what decisions you took that improved your market performance and what decisions you took that decreased your market performance. Even if you are not in a country that celebrates Easter , it is probably a good idea to take advantage of it and forget about trading on Friday 15 th April and the first half of Monday 18 th April , as strong price movements are unlikely to happen before the start of the US session on Monday 18 th April.
Adam Lemon. Adam Lemon began his role at DailyForex in when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. He has previously worked within financial markets over a year period, including 6 years with Merrill Lynch.
Learn more from Adam in his free lessons at FX Academy. Sign Up Enter your email. Did you like what you read? Let us know what you think! Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.
The peculiar behavior of currency pairs around Christmas time has always captured traders' attention. Many traders believe that the Forex liquidity on Christmas Eve is very thin, and it is not recommended to trade in such an environment at all. Let's see if this preconception holds. It encompasses 16 trading sessions , not 21 because some of the dates fell on Saturday or Sunday and were complete days off on Forex.
The Christmas Eve statistics are then compared to the average daily values across the entire period — Before proceeding to the analysis of each currency pair, let us discuss the data and metrics it is based on. Daily change data is calculated using the previous day's Close vs.
December 24 Close. Both signed change and absolute changes are calculated — the former is useful to understand if there was any directional bias, and the latter is useful for calculating the average value. The daily range is calculated as High minus Low. Both daily change and daily range values are plotted on charts using pips values, while the comparison to all trading sessions and other currency pairs is done using percentage values.
The updated analysis also includes additional information — a comparison between the direction of the currency pair's moves on December 24 with the day before Christmas Eve and the day after Christmas. If those days fell on a weekend, the closest business days were used. The information is going to be useful to traders as it shows whether there is a correlation between the direction of movement of currency pairs on Christmas Eve and the days immediately before and after.
The chart below shows the daily change and daily range values in pips. Evidently, Christmas Eve trading becomes gradually less active with years. Comparison to all-day averages suggests that both average daily change and range are about two-thirds of a norm, signaling lower volatility and profit potential.
As for the direction of the currency pair's movement, 7 times out of 16 it moved on Christmas Eve in the same direction as the day before and 7 times in the same direction as the day after. That was especially evident during the past two years. The anomaly of the daily change being bigger than the daily range in is explained by the fact that the daily change value is calculated using the previous candle's Close value, which can be lower than the Low of the current candle due to a gap.
At the same time, the daily change is the same. The average daily change on Christmas Eve is about half of that of a regular day. The chart also draws a rather bullish picture for the currency pair. The dominance, albeit less pronounced, remains on Christmas Eve sessions too. Yet, holiday trading is about twice weaker than all other sessions on average.
It also loses in volatility and average daily change to the top four majors. First, was a clear outlier, which unfortunately spoils the average data for the pair; this is something to bear in mind.
Second, the pair's volatility is in a long-term decline with a sort of a revival from onwards, though it has pulled back a bit in the past two years. Obviously, the year outlier seen on the chart above is to blame here. On top of that, the daily volatility numbers suggest that the currency pair is normally rather volatile and remains such during Christmas trading.
There is no noticeable long-term decline in volatility — there is just a peak during the global financial crisis of That year could be called an outlier, but it is not too different from the rest of the Christmas Eve sessions plotted here.
As for the currency pair's movement on Christmas Eve in relation to the nearest trading sessions, it was much more interesting than in all the previous examples. Although the seven major currency pairs we study in this post demonstrate different patterns in their Christmas Eve price action, there are four important conclusions we can come to with the obtained results:. If you want to share your opinion, observations, conclusions, or to simply ask some questions regarding trading on Christmas Eve, feel free to do so on our Forex forum.
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Please disable AdBlock or whitelist EarnForex. Thank you! EarnForex Education Guides. Conclusions Although the seven major currency pairs we study in this post demonstrate different patterns in their Christmas Eve price action, there are four important conclusions we can come to with the obtained results: If you trade on December 24, you should expect a lower daily rate change and a tighter range than usual.
14/4/ · The entire day is a public holiday in the UK, Switzerland, Australia, France, Germany, and Italy, so trading the GBP, CHF or AUD could be especially pointless. Markets remaining Today is Christmas Eve which will be followed by Christmas tomorrow while some countries also celebrate a second day of Christmas on Thursday. Since this year the celebrations fall in 19/12/ · The Christmas break offers most traders a chance to review their performance for the year and identify things that they could still improve on in preparation for the upcoming rows · Christmas Eve: The United States. New York Stock Exchange: Christmas Eve (early close at ) Singapore. Singapore Stock Exchange: Christmas Eve (early close at ) 10/12/ · Trading forex during the Christmas holidays is a poor idea. Instead of staring at the chart, a trader should spend that time with their children in the garden. However, if a trader 24/12/ · Many traders believe that the Forex liquidity on Christmas Eve is very thin, and it is not recommended to trade in such an environment at all. Let's see if this preconception holds. ... read more
The forex market is open 24 hours a day from EST 5 pm on Sunday until EST 4 pm on Friday because currencies are on high demand. Prepare for the New Year by recharging your batteries. Table of Contents. We also share information about your use of our site with our social media, advertising including NextRoll Inc. Usually, the Forex markets remain closed on December 26, after Christmas, called Boxing Day.
After a Christmas Day and Boxing Day holiday, forex trading on christmas, the Forex market will open on the 28th. There are different thing occurs when the market is closed during the public holiday like Christmas. Here are some of them:. This should allow you to look ahead to the next few months and identify potential market catalysts that may be beneficial. As the forex prop firm industry has grown, so has the amount of prop firms offering funding for traders. What is MetaTrader 4 Market Closed Error?