When to stop trading for Christmas break? | Forex Factory

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When to stop trading for Christmas break?

  • #1
  • First Post: Dec 14, 2009 10:02pm Dec 14, 2009 10:02pm
Just a quick question for the more seasoned trading crowd.

What date should we stop trading for the Christmas break and what is a good date to resume?

I know that the banking world and everyone else takes time off around Christmas and New Years and that volume decreases dramatically. I had just started to demo last November so I don't really remember much of the Christmas season except that I did take some losses to my demo account trying to trade when there was little to no market traffic.

With thanks!
  • #2
  • Dec 14, 2009 10:40pm Dec 14, 2009 10:40pm
My generic answer is if you do not have to trade right now (meaning income), wait until next year. Just look at the ranges and the freakish spikes.

Study trading, read about trading, prepare your method, work on your charts but this is a bad time of year to try to catch a trend etc. There will be plenty of days where good opportunities will present themselves.

Enjoy the holiday season.

Go talk to trader801 in his koala thread. He can go into more detail

Be safe!
  • #3
  • Dec 14, 2009 10:52pm Dec 14, 2009 10:52pm
Quoting calderone
My generic answer is if you do not have to trade right now (meaning income), wait until next year. Just look at the ranges and the freakish spikes.

Study trading, read about trading, prepare your method, work on your charts but this is a bad time of year to try to catch a trend etc. There will be plenty of days where good opportunities will present themselves.

Enjoy the holiday season.

Go talk to trader801 in his koala thread. He can go into more detail

Be safe!
Excellent advice.
  • #4
  • Dec 14, 2009 10:55pm Dec 14, 2009 10:55pm
Quoting magnumfreak
Excellent advice.
I'm just glad you tackled the martingale thread. I get sick thinking about that.
  • #5
  • Dec 14, 2009 11:11pm Dec 14, 2009 11:11pm
Quoting Skeebo
What date should we stop trading for the Christmas break and what is a good date to resume?
I think experienced and well-established forex traders take forex holidays on Dec 25 and Jan 31. Take continue their trading on all other days.
  • #6
  • Last Post: Jun 22, 2010 5:57am Jun 22, 2010 5:57am
In about 6 months from today!!!!!!!
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