Welcome to our blog, where we explore the exciting world of holding trades over the weekend with Blue Guardian. Discover the ins and outs of this trading strategy that adds a layer of security to your investments. Join us as we break down the essentials and guide you through the process.
What Does Holding Trades Over The Weekend Mean?
Holding trades over the weekend refers to keeping a position open in the market from Friday evening until the market reopens on Sunday evening. While the forex market shuts down for retail traders on Friday evening, banks, geopolitical events, and institutions are still moving the price of currencies during the weekend.
Holding trades over the weekend can be beneficial for swing traders and position traders, especially for longer-term trades based on daily and weekly charts.
However, it also presents additional risks, such as gap risk and large spreads on Friday and Sunday evenings.
The impact of leverage on weekend trading should also be considered. Trading platforms may have specific rules and policies for holding trades over the weekend, and traders should be aware of any associated fees and profit splitting.
Ultimately, whether to hold trades over the weekend depends on the trader’s strategy, risk tolerance, and market conditions.
Can You Hold Trades Over the Weekend on Blue Guardian?
Blue Guardian imposes no restrictions on holding trades over the weekend, without limitations. This flexibility empowers traders to maintain positions during this crucial period.
Additionally, Blue Guardian provides traders with generous account leverage of up to 1:100. This allows traders to amplify their trading positions, offering a potential advantage for weekend trading strategies.
Furthermore, the platform facilitates a transparent and structured evaluation process. Traders who meet specific trading objectives can progress to funded accounts, enhancing their trading journey.
This unique feature distinguishes Blue Guardian from other prop trading firms. It makes the platform an attractive option for traders interested in holding trades over the weekend.
Tips for Weekend Trading with Blue Guardian
When it comes to weekend trading with Blue Guardian, traders can benefit from the platform’s flexibility and lack of restrictions on trading strategies. Here are some tips and best practices for managing trades over the weekend using Blue Guardian:
- Utilize Flexibility: Blue Guardian allows traders to use EAs, trade copiers, and trade upon news releases, providing flexibility in trading strategies
- Understand Leverage and Risk Management: Given the potential impact of leverage on weekend trading, it’s essential to understand and manage the risks associated with amplified positions
- Be Aware of Fees and Profit Splitting: While Blue Guardian offers a generous 85% profit split for funded traders, it’s important to be mindful of any associated fees and their impact on trading outcomes
- Monitor Equity and Drawdown: Traders should closely monitor their account equity and daily drawdown, as Blue Guardian has specific rules related to these factors.
- Consider Market Gaps and Spreads: Holding trades over the weekend presents risks such as gap risk and large spreads on Friday and Sunday evenings. Traders should factor these risks into their decision-making process.
By comprehending and following these tips, traders can effectively manage their weekend trading activities on the Blue Guardian platform. This approach maximizes the benefits of its flexibility while mitigating any associated risks.
About Blue Guardian
Here are some key points about Blue Guardian:
- The firm offers a transparent and structured evaluation process, enabling traders to advance to funded accounts upon meeting specific trading objectives. Traders can benefit from this opportunity to enhance their trading experience and potential.
- The firm provides two distinct account types, the Unlimited Guardian and Elite Guardian accounts, with the potential to scale up to $1,800,000.
- Traders are required to pay an initial fee ranging from $187 to $997, depending on the funded balance, and must successfully complete a two-phase evaluation process.
- Blue Guardian imposes no restrictions on trading strategies, allowing traders to use EAs, trade copiers, trade upon news releases, and hold trades over the weekend.
- The platform also allows bi-weekly payouts, a scaling plan, and a comprehensive FAQ section for traders.
- Blue Guardian offers a generous 85% profit split for funded traders.
- The firm has specific rules related to loss limits, profit targets, and risk management strategies.
- Traders must execute at least one trade per day during the minimum 5 trading days required for each evaluation phase.
- Blue Guardian provides a traders dashboard and Guardian Protector. Activating this tool closes all open trades if the daily loss (combined open and closed trades) reaches the predefined percentage or dollar amount, preventing further trading to maintain the set daily loss limit.
- The firm currently does not offer a free trial.
Blue Guardian actively commits to assisting experienced traders in unlocking their full potential. The platform achieves this by providing a fair chance for traders to become funded and progress in their trading careers.
Check out our in-depth review of Blue Guardian and be sure to use the special discount code SAVE5 for a 5% discount, along with a +2.2% GI-Cashback
