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🗣 You asked, we answer!
There are quite a few reasons why the #forex market closes on weekends:
1️⃣ The need for traders to rest and recharge as trading can be demanding and stressful at times.
2️⃣ The market is influenced by economic and political events that occur during business hours.
3️⃣ To prevent traders from making impulsive and irrational trading decisions as there is no liquidity during the weekend.
4️⃣ The need for maintenance and trading platform upgrades.
5️⃣ To allow time for settlement of trades like exchanging currencies and transferring funds.
XAUUSD is up 3% the past 5 days🚀
Trade the precious metal Gold with ultra-fast execution and low spreads
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⚠️Risk management is traders’ top priority
Wise traders have found the key to successful trading – proper risk management. Financial markets are unpredictable and volatile, and the main secret is to know how to manage risks, not avoid them.
Why is risk management so vital to your trading? Scroll the carousel to find it out.
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