How much can you earn if you trade forex during Christmas?

December 25 is about to be out of the calendar. During that day, billions of people across the world will celebrate as it is one of the most important festivals—Christmas. Christmas is an annual western festival commemorating the birth of Jesus Christ and forex traders seem to buzz to start forex trading. Should you trade forex during Christmas？ How much can you earn if you trade forex during Christmas？

The important elements that affect the quality of forex trading are liquidity and spread.

During Christmas, the banks will be closed. There is a lack of liquidity in the forex market. The lack of liquidity can cause the spread to increase. It is a difficult time for investors to trade forex, although, in some regions, the forex market is open for trading all through the season. During public holidays, transactions decrease significantly, which leads to very low volatility. Most brokers are unavailable during public holidays.

Forex trading is not conducted at a single central location; it is conducted between participants in different markets around the world using phones and ECNs (electronic communication networks). Nowadays, due to the availability of internet connections, it becomes easier for a brand new trader to trade on the forex market. Due to the fact that forex trading via the internet is among the most modern and reliable methods of trading. It is a high possibility that you will earn little during this festival.

The volumes of forex trading will be very low as many people prefer to spend time with their friends and family during Christmas.

Some brokers may use Christmas as an opportunity to hold promotional events. But they usually do it earlier. In this case, some brokers offer bonus strategies to lure traders to invest. However, you will never know the reliability of this broker if you do not check the information behind it.

Some experienced traders may consider this as a great opportunity to enhance their trading results. However, we advise newbies and inexperienced traders to delay the trade until after Christmas. Nevertheless, the Wikifx platform remains open and accessible to all users and traders during this season. And Wikifx articles and news updates will still be posted daily for you.

After all, it may not be a good time to trade forex during Christmas. Luckily, the holiday does not last too long. The forex market will come back to the usual after that.

WikiFX tends to give some tips to traders regards to trading during Christmas.

1. Take some time to relax

2. If “black swan” events occur and trigger a flash crash, adjust stop losses to account for the dip in volatility.

3. You should be more cautious when setting profit targets since stocks or currency pairs might move within tight ranges, and traders will be quick to pile on the gains.

4. When you see some brokers launch bonus activities during Christmas, remember always check those brokers information on WikiFX before you choose them. After all, scam is everywhere in the forex industry.