Traders:

Looking at the EUR/USD currency pair over the last few hours, I wanted to come up with a plan to trade the holiday market as price can potentially cover a lot of ground if liquidity is low.

Rule #1 – Make sure your broker is open and verify hours of operations, both trading and back-office!

Rule #2 – Understand that the risk is MUCH higher compared to liquid markets during normal hours of operation.

Rule #3 – In and Out. You have to monitor the position the entire time. Walking away opens the door for a good trade to become a bad trade. 

It’s always tough predicting the market. It’s even tougher under high uncertainty and low liquidity. The problems within the European Union present an “event risk”, which means if a big news announcement is released
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