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 FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker

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unknowndevices
post Jun 20 2009, 05:07 PM

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hello,newbies question here,the forex market works 24/7 or 24/5?meaning on weekends the market closed is it?... hmm.gif

if its closed,what time would it closed on which day (Malaysia time)?...hoped any sifu(s) mind to share... smile.gif

This post has been edited by unknowndevices: Jun 20 2009, 05:11 PM
unknowndevices
post Jun 20 2009, 10:53 PM

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QUOTE(kelvin_tan @ Jun 20 2009, 09:10 PM)
And the other question about fx. FX markets is 24/7 BUT some brokers prevent the buying and selling at the end of the friday and re-opens on monday at a specific time depending on broker.

For those that use oanda you can even execute an order now as mentioned FX market is 24/7 and oanda is one of the brokers that allows execution on a weekend but however the spreads are insanely high during the weekends.
*
owh?...thanks for the answer,that's what i was told by one "senior" trader...he said,this "business" is 24/7,morning and night,businesses that wouldn't make him bored... cool2.gif
when i checked,seems many said on weekends closed,but as you mentioned actually not many brokers allowed trades on weekends... smile.gif

somemore with being "suppa-expensive-to-trade" on weekends... sweat.gif

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