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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.
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XAUUSD is up 3% the past 5 days🚀
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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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Hello, I am Harpreet. I have learned a lot about finance from working in different sectors. I can help people with their financial needs and challenges. If you have any question or queries on finance, such as personal finance, investing or financial planning, just let me know and i will provide you with some smart and handy solutions based on my expertise and experience.