The forex market, also known as the foreign exchange market, is a global decentralized market where currencies are traded. The forex market is open 24 hours a day, five days a week, except for holidays. These holidays can vary depending on the country and region. In this article, we will discuss the holidays when the forex market is closed.
New Year’s Day
The first holiday when the forex market is closed is New Year’s Day, which is celebrated on January 1st. This holiday is observed globally, and as a result, the forex market is closed on this day.
Martin Luther King Jr. Day
Martin Luther King Jr. Day is a federal holiday in the United States that is celebrated on the third Monday of January. The holiday honors the life and achievements of Martin Luther King Jr. The forex market is closed on this day.
Presidents’ Day
Presidents’ Day is a federal holiday in the United States that is celebrated on the third Monday of February. The holiday honors the birthdays of George Washington and Abraham Lincoln. The forex market is closed on this day.
Good Friday
Good Friday is a Christian holiday that is observed on the Friday before Easter Sunday. The holiday commemorates the crucifixion of Jesus Christ. The forex market is closed on this day.
Easter
Easter is a Christian holiday that celebrates the resurrection of Jesus Christ. The holiday falls on a Sunday, and the forex market is closed on this day.
May Day
May Day, also known as International Workers’ Day, is celebrated on May 1st. The holiday is observed in many countries around the world and is a public holiday in some countries. The forex market is closed on this day in some countries.
Memorial Day
Memorial Day is a federal holiday in the United States that is celebrated on the last Monday of May. The holiday honors the men and women who died while serving in the U.S. military. The forex market is closed on this day.
Independence Day
Independence Day is a federal holiday in the United States that is celebrated on July 4th. The holiday commemorates the adoption of the Declaration of Independence on July 4, 1776. The forex market is closed on this day.
Labor Day
Labor Day is a federal holiday in the United States that is celebrated on the first Monday of September. The holiday honors the contributions and achievements of American workers. The forex market is closed on this day.
Thanksgiving Day
Thanksgiving Day is a federal holiday in the United States that is celebrated on the fourth Thursday of November. The holiday commemorates the first Thanksgiving feast that was held by the Pilgrims and Native Americans in 1621. The forex market is closed on this day.
Christmas Day
Christmas Day is a Christian holiday that is celebrated on December 25th. The holiday commemorates the birth of Jesus Christ. The forex market is closed on this day.
Conclusion
In conclusion, the forex market is closed on several holidays throughout the year. These holidays include New Year’s Day, Martin Luther King Jr. Day, Presidents’ Day, Good Friday, Easter, May Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. It is important for traders to be aware of these holidays to avoid any trading disruptions.
