Are you a forex trader based in India? You need to be aware of the upcoming forex market holidays. These holidays can affect the liquidity and volatility of the forex market, so it is important to plan your trades accordingly. In this blog post, we will provide you with a comprehensive list of forex market holidays in India in 2018, as well as some tips on how to trade during these holidays.
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Forex Market Holidays in India in 2018
The following is a list of forex market holidays in India in 2018:
- January 1: New Year’s Day
- January 14: Pongal
- January 26: Republic Day
- March 2: Holi
- March 17: Mahashivratri
- March 23: Gudi Padwa
- April 2: Good Friday
- April 14: Ambedkar Jayanti
- May 1: Labour Day
- May 13: Eid-ul-Fitr
- June 1: Maharashtra Day
- July 18: Rath Yatra
- August 15: Independence Day
- September 13: Ganesh Chaturthi
- September 29: Dussehra
- October 11: Diwali
- October 20: Muharram
- December 25: Christmas Day
Tips for Trading During Forex Market Holidays
Here are some tips on how to trade during forex market holidays:
- Check the holiday calendar. The first step is to check the holiday calendar and identify the upcoming forex market holidays. This will allow you to plan your trades accordingly.
- Be aware of reduced liquidity. During forex market holidays, there is typically reduced liquidity in the market. This can lead to increased volatility and wider bid-ask spreads.
- Place limit orders. To protect yourself from large price swings, it is a good idea to place limit orders during forex market holidays. Limit orders allow you to specify the maximum price you are willing to pay for a currency pair.
- Be cautious of news events. News events can have a significant impact on the forex market, even during holidays. It is important to stay up-to-date on the latest news events and how they may affect the currencies you are trading.
- Consider taking a break. If you are not comfortable trading during forex market holidays, you may want to consider taking a break. This will allow you to avoid the risks associated with trading during these periods.
By following these tips, you can help to mitigate the risks associated with trading during forex market holidays.
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FAQs on Forex Market Holidays in India
Here are some frequently asked questions about forex market holidays in India:
- When are the forex market holidays in India?
The forex market holidays in India are listed in the table above.
- What happens to the forex market during holidays?
During forex market holidays, there is typically reduced liquidity in the market. This can lead to increased volatility and wider bid-ask spreads.
- How can I trade during forex market holidays?
You can trade during forex market holidays by following the tips outlined above.
- Should I trade during forex market holidays?
Whether or not you should trade during forex market holidays depends on your individual risk tolerance. If you are not comfortable trading during these periods, you may want to consider taking a break.
We hope this article has been helpful. If you have any further questions, please feel free to leave a comment below.
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Forex Market Holidays 2018 India
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Conclusion
Forex market holidays can have a significant impact on the market. By being aware of the upcoming holidays and taking the necessary precautions, you can help to mitigate the risks associated with trading during these periods. We encourage you to do your own research and consult with a financial advisor before making any trading decisions.
Are you interested in learning more about forex trading? Check out our other blog posts on the topic.
