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Holiday Trading

  • #1
  • First Post: Dec 14, 2007 1:21pm Dec 14, 2007 1:21pm
Hello, I want to see if this is just my broker or something normal.

I just got a mail that said...

24.12.2007 – spreads are 3 times expanded in comparison with specifications, margin requirements are expaned up to 1:33.
25.12.2007 – quoting of all symbols is stopped.
26.12.2007, 27.12.2007 – spreads are 3 times expanded in comparison with specifications, margin requirements are expaned up to 1:33
28.12.2007 – spreads are 3 times expanded in comparison with specifications, margin requirements are expaned up to 1:33, trading stops at 8:00 p.m.
01.01.2008 – quoting of all symbols is stopped.
02.01.2008 – starting from 10 a.m. quoting returns to normal order, all spreads and margin requirements are reduced to normal value for each account.

Do all brokers do something like this...or just mine lol.(This is my first year of trading..)
  • #2
  • Dec 14, 2007 3:12pm Dec 14, 2007 3:12pm
I haven't received notifications about; anyway, I really wonder if it's worthy to trade those days. I'd like to read some coment about of the experienced guys.
Ado Whether you believe you can do a thing or not, you are right.
  • #3
  • Dec 15, 2007 8:52am Dec 15, 2007 8:52am
Bigvick,

I have never heard of this. I have been with several FX firms over the last 3 Christmas seasons and the only difference I have seen from broker to broker is the hours that they are closed on XMas day. This response seems very weird. Who is your broker (hoping its not mine. haha).

Clif

Quoting Bigvick991
Hello, I want to see if this is just my broker or something normal.

I just got a mail that said...

24.12.2007 – spreads are 3 times expanded in comparison with specifications, margin requirements are expaned up to 1:33.
25.12.2007 – quoting of all symbols is stopped.
26.12.2007, 27.12.2007 – spreads are 3 times expanded in comparison with specifications, margin requirements are expaned up to 1:33
28.12.2007 – spreads are 3 times expanded in comparison with specifications, margin requirements are expaned up to 1:33, trading stops at 8:00 p.m.
01.01.2008 – quoting of all symbols is stopped.
02.01.2008 – starting from 10 a.m. quoting returns to normal order, all spreads and margin requirements are reduced to normal value for each account.

Do all brokers do something like this...or just mine lol.(This is my first year of trading..)
  • #4
  • Dec 16, 2007 5:43pm Dec 16, 2007 5:43pm
Ok, this is at FXCM, link at top of the page, Holiday Hours.

Anyway, I rather prefer to being lurking the kitchen to see what can I grab and sharing some time with familiy than watching doji... doji... doji... doji...

If I'm wrong, and somebody notices those days as a great opportunity to see X movement, please correct me.
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Ado Whether you believe you can do a thing or not, you are right.
  • #5
  • Last Post: Dec 16, 2007 6:34pm Dec 16, 2007 6:34pm
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
Quoting Ado
Ok, this is at FXCM, link at top of the page, Holiday Hours.

Anyway, I rather prefer to being lurking the kitchen to see what can I grab and sharing some time with familiy than watching doji... doji... doji... doji...

If I'm wrong, and somebody notices those days as a great opportunity to see X movement, please correct me.
Enjoy your family... Xmas liquidity is very poor. Save your capital for next year.

TrevA
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