Forex (foreign exchange trading) involves buying and selling currency pairs to make money by anticipating future price movements of each pair; they purchase when they believe its value will increase or sell when they think its value will decrease.
Forex trading is a global financial market which operates 24 hours a day, five days a week – it is one of the world’s most widely utilized markets and one of its most beloved institutions. Weekends and public holidays are designated holidays on which currency trading markets close down temporarily.
Knowing how many forex trading days there are in a year can help traders optimize their strategies and increase profits. The exact number of trading days depends on factors like calendar dates and time zone locations of trading sites; also events or unexpected circumstances could impact trading days by leading to market closures or early closures.
Typically, Tuesday through Thursday represents the optimal time to trade forex; during this period you can experience maximum volatility while Mondays and Fridays experience lower activity as traders close out their positions before the weekend arrives. Furthermore, September to December are known to be particularly volatile periods as major financial reports are published during these months, along with fiscal years ending.
The number of trading days can also differ by month depending on the dates of market holidays, for instance in January where two holidays (New Year’s and Martin Luther King Jr. Day) reduce the total trading days to 19.
The number of trading days may be altered by regional holidays and celebrations, such as national holidays. Such events can impact trading volumes and cause early market opening or closure; while unanticipated events of national significance – natural disasters or political crises, which could require temporary market closure – could significantly impact on profitability of trades; it is therefore essential that traders understand these influences’ effects on forex trading and how these influences can help increase chances of success within this lucrative trading environment.