Trading holiday pairs | Forex Factory

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Trading holiday pairs

  • #1
  • First Post: Sep 23, 2009 8:40am Sep 23, 2009 8:40am
Is it not a good idea to day trade a country's currency during its holiday? Just like trading JPY pairs during this long holiday?
  • #2
  • Sep 23, 2009 8:56am Sep 23, 2009 8:56am
Quoting kk007
Is it not a good idea to day trade a country's currency during its holiday? Just like trading JPY pairs during this long holiday?
Only if you want to give money to your broker.
During public holidays there is no ecconomic news and news drives volatility and liquidity.
So during a public holiday your broker (or the banks) can push the price around to wherever they want it to go - usually just where you do not want it to go.
  • #3
  • Sep 23, 2009 9:05am Sep 23, 2009 9:05am
Quoting ianf0ster
Only if you want to give money to your broker.
During public holidays there is no ecconomic news and news drives volatility and liquidity.
So during a public holiday your broker (or the banks) can push the price around to wherever they want it to go - usually just where you do not want it to go.
Thanks for your view. Nevertheless, I am not sure if the market is operated or controlled like the way you said.
  • #4
  • Sep 23, 2009 9:14am Sep 23, 2009 9:14am
I don't think its the broker pushing price during holidays. Its the broker raising the spread price in their favor. Its the trader violently pushing the price around, mostly scalper picking off 2-5 pips at a time. Which is why price moves so erraticlly during holidays.
  • #5
  • Last Post: Sep 23, 2009 10:05am Sep 23, 2009 10:05am
Glad to know that some people have the similar feeling that holiday pairs are more unpredictable than normal-day pairs.
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