Can you really trade for 24 hours a day?

The answer to this question is No, no traders in reality trade for this period of time. With anything we do, we need our focus to be 100% to make good decisions. Always learn how to trade correctly first before going into the market. Most of the day, the market is quite timid, and this time period is overnight for us here in the UK.

Once the London sessions open, the main volatility starts, and this enables us to make day trading strategies to profit throughout the day. It’s always good to trade for certain time periods then take a break and recuperate.

Trading on National Holidays

Even when certain countries have national holidays, the market does not close as transactions still need to be made as the amount of liquidity is so high in the market. The only holiday which is seen as a global holiday is Christmas, even though in most parts of Asia it is not celebrated. The biggest financial countries generally celebrate the tradition, this means forex liquidity is very low and would advise there’s no need to trade at that time.

What time should you look to trade Forex?

The answer to this question isn’t easy as there are many variables, but this is a process where you need to learn how to trade the market the right way. Once you have understood how to trade, you will practise trading at certain times and practising on a demo account.

Try to trade when there is higher liquidity which is generally between the London session and the New York session.

Conclusion

To conclude this article, forex can be traded at any times of the day depending on your lifestyle. You can make anything work for you and that’s the advantage to this market. We would recommend learning the right way first, we can help here with Platinum Trading Academy if you wish.

Once you have a routine, practise on a demo account and hone your skills. If you follow a good routine and read our other articles you will be a profitable trader.

In short, if you want to learn trading, then you need a few simple things. Determination. Ambition. Patience. Acceptance. Self-control. Commitment. Persistence. Most of all, you need Passion.

With these few traits at your back, you will excel through the world of trading and create a whole new life for yourself, filled with possibilities.