Holiday trading is useless. It can be difficult to pull yourself away from the excitement on the market and take a break from the action. 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.
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 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.
The market also have less Liquidity that 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.
Rest of all that 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. Merry chrtistmas-Happy new year and Happy holiday there.
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