While the majority of trading on a particular currency occurs when its main market is open, many other banks around the world hold foreign currencies enabling them to be traded at times when the main market is closed. For example, the North American markets are open when the Japanese markets are closed, but North American traders are still able to buy and sell Japanese yen through their brokerages and banks. However, the market for the Japanese yen is more liquid at times when the Japanese market is open.

Market hours around the world will overlap, but it is usually the case that primary markets at a particular period of time will be: New York: 8 a. EST Tokyo: 7 p. EST Sydney: 3 p. EST London: 3 a. At market close, a number of trading positions are being closed, which can create volatility in the currency markets and cause prices to move erratically. The same can be the case when markets open. At this time, traders are opening positions perhaps because they don't want to hold them over the weekend.

Holding trades over a weekend is not recommended unless your method as a forex trader is to follow a long-term strategy, which incorporates holding trades for weeks or months. Weekend Trading The U. Although the market is only closed to retail traders, forex trading takes place over the weekend through central banks and other organizations.

Therefore, there is often a difference in price between Friday's close and Sunday's opening. This difference is known as a gap. Traders who do not want to expose their position to the risk of gapping will close their position on Friday evening or place stops and limits to manage this risk. In certain countries where there is market tension, a bank could go bust in the space of a weekend. But how and when can weekend trading be appropriate?

So, when does it become useful to have access to indices or Forex pairs on the weekend? When taking into consideration the fact that banks, hedge funds and other large trading partners are not active on the weekend, you need to have a good reason to place a trade. When you take into consideration the wider spreads that you pay over the weekend, it is logical that it makes less sense to trade the same way on the weekend as you trade during the week.

As such, you might want to consider trading on the weekend if there has been a big geopolitical event President Biden says something influential; another array of ships becomes stuck in the Suez Canal; a terrible earthquake hits Japan with likely tsunami; a coronavirus mutation gets out of control; etc. In this case, there will likely be a gap open at the Wellington open on Monday morning Sunday evening in most of the world and getting into the market ahead of the open could prove to be beneficial — if you understand the ramifications of the event.

Of course, if you are on the wrong side of the event, having placed that trade could turn out to be a bad decision. Another way to use weekend liquidity would be to hedge an existing position. Dow Jones Retail Weekend Chart Volatility vs Liquidity Trading on weekends may also sound very attractive to traders who have a regular day job and are unable to trade during the week.

However, there are certain pitfalls that you need to be aware of if trading over the weekend: higher trading costs, lower liquidity. So, on one hand, many active traders look to the weekend as a source of opportunity due to this increased volatility. But on the other hand, for cryptocurrency traders in particular, an extra dose of caution is advised because low liquidity, combined with unregulated trading, no clear circuit breakers or fundamental valuations means that prices can rise or fall further than anyone can expect.

As exciting as weekend trading may sound, the truth is that for now professional traders need the weekends to relax and recover. Trading is a very demanding job, and professional Forex traders usually sit down at their desks at GMT each morning, put on their headset, turn on their squawk, pull up their twitter feed, turn on charts and do not let up until 7PM GMT. As such, the weekend is a time to relax and recover, and then to prepare for the coming trading week. Reading bank sheets and understanding what is being spoken about, Checking the economic calendar and highlighting any major events, Reviewing key charts and highlighting key levels and plans, Reviewing the performance from the past week.

I have yet to meet a professional trader that does not look forward to the weekend. They do not spend the weekend trading Forex. Final Thoughts Weekend trading is a novelty introduced by cryptocurrency traders, and traditional asset classes are still in catch-up mode — perhaps because habits are hard to change, and most financial markets are accustomed to the weekend break.

Due to the low liquidity, higher transaction costs and lower range of instruments, weekend trading is currently hard to justify on anything except Bitcoin or other cryptocurrencies. Only if you have an open position that is exposed to a major unscheduled geopolitical event over the weekend, should you consider hedging your position on Saturday or Sunday. You should have more than enough trading opportunities during the week, independently from the strategy you adopt. If you are having trouble finding time to trade during normal market hours, trading on the weekend is not the right solution.

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