We will provide a summary of FX trading hours, brands, holidays, and markets during the Obon period at XMTrading. In Japan, there is a period called Obon holiday in August. Most companies will be closed for the holidays. What will happen to FX as a result of this? Also, will XMTrading’s business hours be affected?
XMTrading features and trading
XMTrading basically only trades orders on weekdays. Usually, the market is also on weekdays, so you can enter and hold positions in currency pairs. Please note that trading hours may change slightly between summer time and winter time. XM is a company that ranks high in the popularity rankings, so we recommend it. There will be no change in the opening and closing of the market during Obon, so transactions can be made using the tool from early morning Japan time in Japan. Even new traders can trade different stocks with confidence.
Year-end and New Year holidays and Christmas support
In countries such as the United States, the United Kingdom, Canada, Germany, and Italy, the response of vendors during the year-end and New Year holidays and Christmas will be irregular, just as they are during Obon. Price movements are also special and trading hours also change. Please check the list as it is announced every year on the official website. This also applies to titanfx, fxgt, exness, axiory, etc. The service may be closed on some days when problems occur. You can trade 24 hours a day as usual, such as automatic trading and scalping.
greater liquidity
Long vacations increase liquidity. Please note that the maximum leverage is 1000 times and the price movements of energy, precious metals, currency pairs, stock indexes, virtual currencies, etc. will change. Of course, there are important economic indicators, so be careful with your funds and margin as they will be affected. Campaigns and bonuses are also offered as usual. Zero cuts also occur.
What is Obon holiday?
The Obon holiday is a long vacation period that only exists in Japan. Obon is a series of events held during the summer in Japan to honor the spirits of ancestors. This event is a fusion of Japan’s ancient belief in ancestral spirits and Buddhism, and it is known that many companies take time off from work during this period. In the past, many people used to take a day off to coincide with July 15th, but in many areas this coincided with the busy farming season, which caused problems, so they decided to take a vacation period of about one to two weeks around August 15th. The number of companies is increasing. The trading flow is from Monday to Friday, but support desk response may be disrupted during this period.
Trade during the Obon period
The Obon period is a culture unique to Japan, and only Japan is affected. Therefore, FX can be done without problems even during the Obon period. But be careful with pairs of circles. Certainly, volatility drops during this period, so there are many things that can make a big difference. Never go against the big flow when trading during this period. Because you could lose a lot. In addition, spreads may open more easily, so let’s trade with caution.
XM Trading Hours and Days of Operation
The company operates during the Obon period, but there are no particular changes to the schedule for holidays and other holidays. Support and the company will be closed on holidays, but you can still receive support as usual during the Obon period. Please note that Japanese language support will be closed on public holidays as both email and live chat will be affected by Obon. You can also check the main latest information on the site map of the official website, so please be sure to understand it as much as possible.
japanese bank
When trading with XM, you have to pay attention to bank deposits and withdrawals. Most banks in Japan are closed during the Obon period. Even if you request to process deposits and withdrawals, there is nothing you can do because the bank is stopped in the first place. Deposits and withdrawals may not be accepted, so it is necessary to devise methods such as depositing using a credit card or debit card.
anomaly
An anomaly is something that “I don’t know why, but it tends to behave in the same way at certain times”. There is an anomaly in the August market. The August market anomaly means that it is difficult to see a direction and the yen tends to appreciate. It is better not to get involved especially for beginners who do discretionary trading because it is often difficult to predict the movement due to the remarks of important people. August is a time when even veteran traders don’t do much.
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