Trading Forex during the Christmas session
December is a month when there are so many holidays coming together especially Christmas. Forex is open for 24 by 7 but there are many confusions among the investors whether they should trade even at Christmas time. This article is dedicated to the readers who are thinking of spending the sleepless night when Santa Clause will visit their homes at night and surprise the children with wonderful gifts. To be precise, Christmas time should be celebrated with a strong positive vibe. It will refresh the mind of the investors and will give them the unique opportunity to focus on a new start.
In this article, investors will find some of the reasons why this might not be a good idea at the end of December in currency trading.
This is not a good idea at all
Without any hesitation, this is a very bad idea. December is the time when every organization is busy with getting their audit completed within due time. As fewer people invest money, the volatility also moves slower and we see less fluctuation in the price. There are not many possible ways to make money. Although certain investors would like to have a stable price trend on the chart this is not recommended as some level of volatility is expected.
You need to think like a professional point of view. For instance, smart investors in Australia always suggest trading the volatile market. The market volatility provides a unique profit-taking opportunity and it helps the traders to make a decent profit. So, think like the pro investors so that you can execute quality trades. And spend some time with your family members during the seasonal holiday.
The market activity is usually slower
The market transactions are usually slower in December time. Fewer participants refer to a slower transaction which ultimately lowers the volatility which eventually reduces the profit factors. If you are not a novice, the idea of trading session overlapping should not be uncommon. This is a time when major markets of overlaps and a window of opportunity open up for a short period. But this is not going to happen especially at Christmas time since everyone will be busy spending time with their family and friends. So, stop thinking to execute a trade-in your CFD trading account even though you know Saxo will offer premium support on such occasions.
It would be our suggestion to follow the footsteps of the professionals and take a small time off from trading. This will not lower the productivity but will help to kick start the career when the vacation is over. Moreover, traders need to celebrate their winnings despite the process that occurred throughout the year. There is no better opportunity than Christmas and they would be a fool do not take this scope to accept the winning.
From the above discussion, it should be cleared that this is the time to spend with family but not in the financial market. Do not mind the lost opportunities that are passing through because there are no good scopes. As many scalpers would like to take this opportunity, the advice is given in this article may not be suitable for them as their trading method is different. Keeping the diversity in mind and believing that most beginners will be reading this resource, we have tried to keep the ideas as simple as possible. If there still any confusion, search on the internet and communicate with other investors to know their thoughts.
There is no perfect timing for investors to make a profit as well as no bad timing for them to exit the market. It all depends on the strategy and the skills they can use precisely to win money. However, keeping the time in mind December is better avoided to trade than investing money. Start trading in full swing in January and take a break.