Black Friday is coming. It’s another US tradition that has gone global. The day after Thanksgiving all businesses offer amazing discounts to celebrate the beginning of the Christmas shopping season. It starts a worldwide campaign to boost retail spending.
On Black Friday there are promotions everywhere. The retail stores aim at emptying their stock before the end of the year. That’s why they often open at dawn and offer radical deals on overstocked goods. Although most analysts argue the event has no predictable effect on the financial market's long-term, that is it doesn’t make them perform better in Q4, Black Friday definitely has a short-term effect and may affect the volatility of some stock and instruments.
Make sure you have your account ready. Here’s a short guide on how to do it.