Yen Aims to Extend Gains, Pound Focus Shifts Back to Politics. Gold Prices May Find a Lifeline as Market Mood Darkens. Loonie Slides as Crude Dives- USDCAD Recovery Eyes Resistance. FTSE Further Develops Range on Sharp Turn Lower.

Dow Jones Industrial Average Struggles to Hold the Gap Higher. The British Pound Breakdown. One of the greatest aspects of the FX Market is that it is a true 24 hour a day market. As business is closing at 5: As a speculator in the FX Market, I have access to all of these market centers through my trading platform. Traders wishing to speculate at all hours of the night can certainly do so. The benefit of this relationship can also be a challenge.

After getting acclimated to constant opportunity; of continuous access to the largest market in the world, those periods in which I cannot trade become especially torturous.

Is the Stock Market Closed During the Weekend? | Finance - Zacks

And on most retail FX platforms, that time is the weekend. This is where practice can come into play. The weekends are opportunity; an opportunity to prepare for, and strategize around the week ahead.

This is one of the more common ways to spend trading time over weekends when most FX brokers are closed for trading.

Many education services are open while trading may be closed, and this allows traders to access materials for weekend study. I encourage you to revisit these materials. Trading education can work much like education in general, in which the more experience and knowledge that we have gained can drastically enhance the manner in which we perceive the material.

I recently re-read Moby Dick by Herman Melville, and was able to understand the book on an entirely different level than when I had read it in 7 th grade. When I read the book in 7 th grade, it was a story about a man and a whale.

Just Because Trading is Closed, It Doesn’t Mean You Have to Be

After re-reading as an adult, I can understand the layers of symbolism intended by Herman Melville. The book is now entirely different after I was able to incorporate these elements and appreciate the work for the masterpiece that it really is. This is my personal favorite activity to fill time on the weekends. This can function as an excellent way of testing a strategy before actually employing it in live conditions.

The Trading Station 2 platform is built with this capability in place, by default. Now, an important note is in order: The goal of Manually Back-Testing is to simulate the variability that happens when we trade live, the fact that nobody knows what the next tick is. Manual Back-Testing; Practicing the Art of Trading. One of the benefits of trading being closed is the fact that it allows us, as traders, to take a step back to evaluate the week that has just passed.

The article linked below can certainly help in that process: For traders that are already comfortable with their plan, they can look to the week ahead in an effort to best focus their approaches given the expected economic docket.

The DailyFX Economic Calendar allows for traders to organize events based on release date, importance, and currency pair. Below is an example of a filtered Economic Calendar. The filter button, located to the top right of the calendar, includes the areas with which I can specify what data I want to see.

Why Don't Stocks Trade Over Weekends? -- The Motley Fool

By analyzing the scheduled slate of announcements, I can begin building in expectations for which strategies might be operative given the expected news. The economic calendar is another service that is available around-the-clock, days a year whether trading is open or not. You are more than welcome to navigate there from the link below to begin strategizing for the week ahead.

Three Crucial Trading Behaviors 5 of Practicing the Art of Trading. To contact James Stanley, please email Instructor DailyFX. You can follow James on Twitter JStanleyFX. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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Forex Economic Calendar A: NEWS Articles Real Time News Daily Briefings Forecasts DailyFX Authors. CALENDAR Economic Calendar Webinar Calendar Central Bank Rates Dividend Calendar.

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