Forex trading and especially using ICMarkets to access the financial market. The term ICMarkets holidays is something that traders need to learn. Why is this term so highly appreciated? How does it affect traders and the market? Learn Forex Trading will find out with you right away in the article below.
What does catching ICMarkets holidays mean for traders?
When trading in the financial market and especially ICMarkets, the term ICMarkets is hard to ignore. This is the term for trading holidays on this foreign exchange exchange. So why is it important for traders when approaching the market? Below is the answer for your reference.
Grasp the trading market on ICMarkets
Important trading hours and trading holidays also have the same meaning for traders. Trading time is only from 00:01 on Monday to 23:59 on Friday of every week. When trading with ICMarkets, the term ICMarkets holidays refers to trading holidays. At the end of the week, traders will no longer participate in market transactions.
Grasping trading times and holidays like that, new traders know when the market is trading. When does the market rest and when do you start trading for traders to find a strategy? This is an extremely important factor that traders will have to pay attention to.
Resolving problems with ICMarkets support staff is easier
When you know the trading holidays and specifLearn Forex Trading times on the exchange. New traders can provide problem information and ask support staff more easily. Because if the market fluctuates, the support team will also have difficulty accessing traders’ accounts. In addition, when the market is trading, you will know what real problems traders encounter and support quick resolution. Therefore, to be able to limit risks and problems in trading, you should learn more about ICMarkets Hedging.
When does ICMarkets have trading sessions?
Currently, ICMarkets holidays are applied similarly to the global foreign exchange market. This means that the ICMarkets Forex is divided into 4 main and basLearn Forex Trading sessions. Opening and closing times for these sessions will vary by region and season. Below you will discover specifically about 4 international foreign exchange trading sessions.
Sydney trading session (Australia)
You look for the earliest opening session every Monday morning and launch the market. That is the Sydney (Australia) trading session starting from 5:00 am to 2:00 pm summer – autumn. In winter-spring, transactions will be from 4:00 – 13:00 every day.
The Sydney (AUSTRALIA) trading session or the Pacific session is known for its high stability. Of course, the Australian dollar – AUD will be traded the most. If traders trade during this time frame, they often choose the pairs AUD/USD, AUD/CAD, AUD/CHF, and AUD/NZD… Because they have higher liquidity margins.
London trading session (Europe)
The London trading session is suitable for Europeans because it is open from 14:00 to 23:00 in summer – autumn. In winter-spring, it will operate from 15:00 – 00:00 hours. This session feature will open when the Tokyo session enters the final minutes of trading. The main trading pair of course involving the EUR or British pound is GBP.
New York session (USA)
If you learn about ICMarkets holidays and want to know which is the most explosive trading session. Wait for the US session to open and you will see extremely large liquidity and volume.
The American session will run from 7:00 p.m. to 4:00 p.m. in summer + fall. In winter-spring, trading time is from 8:00 pm – 5:00 am the next morning. The trading session has the main trading pairs EUR/USD, USD/JPY, GBP/USD, AUD/USD…
Tokyo session (Asia)
The Tokyo session is also known as the Asian trading window which opens immediately after the AUSTRALIAN session. Fixed time: 6:00 am to 3:00 pm, does not change according to season. Looking at these trading hours, we can see that most of the time the Asian session will coincide with the Sydney session. Therefore, the market is very active, the main currency pairs are still Yen (JPY) and AUD.
Why should you not trade on ICMarkets Holidays?
After understanding the trading sessions and holidays in the global foreign exchange market. Do you know why financial experts always recommend that traders should not trade on ICMarkets holidays?
Processing deposit and withdrawal transactions on ICMarkets is slower
When trading outside the session, if traders encounter problems depositing or withdrawing money. Surely the solution will be slower even with the support of the ICMarkets support team. Reality has proven that when not in session, the customer service team has few people to support. In addition, the issues of asset volatility are only clear outside of ICMarkets holidays.
>>>See more: Instruct with an ICMarkets open account swiftly
A market index is not too positive
Market indices outside the trading session and outside trading hours will not be positive. Liquidity will not be high because the number of traders is almost zero. This creates a gloomy market and the indicators may not be accurate.
Some of the best trading times for Forex ICMarkets you should know
In addition to learning about ICMarkets holidays, choosing a good trading time is also of great interest to everyone. The Forex market operates almost 24 hours a day and five days a week.
According to experience shared by professional investors, there will be good trading times. Below you will see good trading times during the day and specific week.
ICMarkets trading hours are beautiful during the day
The best Forex trading time frame during the day is from 7:00 p.m. to 11:00 p.m. (summer) and from 8:00 p.m. to 11:00 p.m. (winter) according. Because this is the frame of the London session and the New York session also takes place on the market. A large number of participants and strong price fluctuations create opportunities to make profits.
But of course, with high profits, risks at this time are also high. Good liquidity means the orders you place must be solid and safe.
Trading time on ICMarkets is good during the week
According to experts, it is not only the trading hours of the day that are different. During a week, good trading days will also outperform days with no liquidity.
- Normally, on Monday to start a new week, there is little news and traders follow. Surely this trading session will be the quietest compared to other sessions.
- On Tuesday, Wednesday, and Thursday, the Forex market is most active because the news is constantly coming out. Price fluctuations during these sessions will also be greatest and profit opportunities will also be on these days.
- By day 6, the excitement only happened in the morning and ended in the afternoon. Because afternoon trading volume often decreases and traders exit a lot of orders.
Conclude
Thus, the above article from Learn Forex Trading has helped traders better understand trading hours. The term ICMarkets holidays has also been specifically shared with you. Hopefully, this knowledge will partly help traders win in forex trading. In addition, you should also refer to ICMarkets Leverage financial leverage to make the trading process more effective.
>>>See more: What is ICMarkets? Is it a leading forex platform?
Frequently asked questions
When participating in foreign exchange trading, understanding the trading time and time frame is extremely important. Therefore, knowing the FAQs below will be of great help to traders.
What are the trading hours on ICMarkets?
ICMarkets can trade 24/7 for foreign exchange from Monday to Friday. As for cryptocurrencies, they can be traded every Saturday and Sunday. Time frame also means the amount of time traders can trade the desired financial product as prescribed by the exchange.
How long is the break between sessions?
Unless otherwise announced, there is no break between sessions on ICMarkets. Traders will participate continuously throughout the afternoon, which is very different from stock trading.
Is ICMarkets trading on holidays?
ICMarkets operates according to the time of European countries. Therefore, if there is a holiday, they will notify in advance so traders can understand ICMarkets holidays.
