matiskater Posted February 26, 2011 Share Posted February 26, 2011 Hi all, im just starting on forex like many already might know...and i woke up today and found that the market is closed on weekends..=/ i really didnt know this before so it means that all forex market is closed on weekends? i thought it never closed by the way im using etoro to trade my forex thanks for responces guys regards, matiskater Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 2, 2011 Share Posted March 2, 2011 Yes, forex market is opening 24 hours everyday in 5 days a week. Forex market is closed on Saturday and Sunday because there is no action in bank on those days. Besides, I think that is good if forex only opened in 5 days because we needed time to rest from trading too right? Quote Link to comment Share on other sites More sharing options...
boniez Posted March 2, 2011 Share Posted March 2, 2011 yeah, of course forex market will close on weekends, because it just like on the real business, their employee needed time to rest as well, but no matter if we still have an order which havent execution yet, because it will continous in the next period Quote Link to comment Share on other sites More sharing options...
caspir Posted March 2, 2011 Share Posted March 2, 2011 ya forex can't open on saturday and sunday, because forex runs on developed countries economies and there in weekends two holidays, so it can't be run on these days, Saturday or Sunday even these were not in holidays in your country. Quote Link to comment Share on other sites More sharing options...
matiskater Posted March 2, 2011 Author Share Posted March 2, 2011 yeah i find it great, everyone needs a rest..lol im trying to get on the most time as posible to trade and learn with my practice account, and since its closed its great actually, i just didnt really know why it was but thatnks for the answer guys regards, matiskater Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted March 5, 2011 Share Posted March 5, 2011 there has to be some space for resting, for the past 5 straight days, we have all been trading forex. Saturdays and sundays are alwaya a public holidays in most parts of the world especially europe and america which are major forex centers of the world. Quote Link to comment Share on other sites More sharing options...
Legendkid Posted March 6, 2011 Share Posted March 6, 2011 Yeah,i think that's a great idea,we can't just continue trading forex without a rest,even the most dutiful of creatures,ants do rest in the rainy days.We can take this two days poise as holiday in forex trading to take our family for a picnic. Quote Link to comment Share on other sites More sharing options...
boniez Posted March 12, 2011 Share Posted March 12, 2011 actually I also do not like if the forex should be closed when the weekend,,, it seems I still want to wrestle with the forex market, but nevertheless they must entrepreneurs do need rest Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 21, 2011 Share Posted March 21, 2011 I think that was good if forex is closed in weekend so we will have time to spend for doing another else. If forex is opening 24 hours a day and 7 days in a week, traders will have no time to do another things like take vacation Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 27, 2012 Share Posted March 27, 2012 Forex is like every other financial or non-financial business that runs from Mondays to Fridays the only difference being that in forex, it is 24 hours within that period. Over the weekends, the markets are generally closed to traders but exchanges still take place. Quote Link to comment Share on other sites More sharing options...
charlly007 Posted April 26, 2012 Share Posted April 26, 2012 Yeah,i read something like that online.I think traders can have time to work on other programs during this period.I love the plan that forex is closed for weekends and will again resume on Monday morning. Quote Link to comment Share on other sites More sharing options...
indieover Posted April 27, 2012 Share Posted April 27, 2012 it is good thing that trading is closed on weekends to give time for traders to evaluate their trades and to give them time to rest. as it is not easy to trade continuously. and so we need to keep on learning which we can do most specially on weekends. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 27, 2012 Share Posted April 27, 2012 i think everyone need rest too but actually the market still move even weekend, but i think trader need to take some rest and to see what they already achieved this week. but i think it will be good if forex opened for 24/7 , not 24/5 because trader could reach more money Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 13, 2012 Share Posted October 13, 2012 very true if the forex does not have a holiday then it will make the trader will be very tired but many of the traders who want to trade every day without a day off in addition to increase their profits become larger as well as those who have become addicted forex trading will feel very bored if not trading in a single day Quote Link to comment Share on other sites More sharing options...
zebrut Posted October 16, 2012 Share Posted October 16, 2012 true rizal83, if we find a merchant like he might be called greedy and only concerned with the world. Why forex has a day off, because that forex traders have the opportunity to calm the mind and stabilize the emotions and psychology that they experienced when they trade forex. with the holidays they can relax while eliminating fatigue and relieve emotions, so when they started to actively trade will feel fresh again. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 16, 2012 Share Posted October 16, 2012 very true because if forex is active on a daily basis and do not have a day off of course is only going to make a lot of traders are also impaired his health and would not be good if we continue to take the trade, maybe if we do trade always profitable then it will would be good but for traders who often experience a loss of course this will only make them more depressed and will continue to trade Quote Link to comment Share on other sites More sharing options...
zebrut Posted November 5, 2012 Share Posted November 5, 2012 with a day off in forex trading you can analyze any deficiencies that need to be improved to get maximum results, because in the absence of the holiday we did not have enough time to analyze the data deficiencies that we have so that we can not fix these shortcomings and targets we have planned well will not be realized. Quote Link to comment Share on other sites More sharing options...
alam3636 Posted November 11, 2012 Share Posted November 11, 2012 Forex markets though are 24 hours market, but there are times when there is no or very less movement, further it is only 5 days market and at weekend i.e. saturday or sunday market remains off and no trades are executed during weekend. Quote Link to comment Share on other sites More sharing options...
luke1 Posted November 18, 2012 Share Posted November 18, 2012 Yes, the Forex market is closed on the weekend. But, actually the running price is not stopped on the weekend. I still do not know where to find the running price during the closing date on the market. The running price on the closing date on the market will create what we call it gap. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 15, 2013 Share Posted February 15, 2013 Yes, the Forex market is closed on the weekend. But, actually the running price is not stopped on the weekend. I still do not know where to find the running price during the closing date on the market. The running price on the closing date on the market will create what we call it gap. everyday it will be up or down, but i don't know where is this kind of rules come from that we cannot trade, as i don't dive much into forex history, but this gap is a good thing for me, because i can re-evaluate my own trading result for 5 days. and then later trying to change to just stay and stick with my own strategy Quote Link to comment Share on other sites More sharing options...
gaban Posted February 16, 2013 Share Posted February 16, 2013 Forex market is open 24 hours in five days, Monday until Friday and forex market is closed on weekends. Traders usually spend their weekends to make evaluation for their trading and they also refreshing. Refreshing is very needed in forex, because if the mind is not fresh, we can not trade well. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted February 17, 2013 Share Posted February 17, 2013 Thus, they are open in weekdays. There is a chance of not that good to trade in early Monday or closing Friday for the big spikes happened in the weekend. Since, the world is continuing with the market only we have closing of Forex market in the weekends and some in holidays. I agree that the weekends are often preparation for the next week. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 17, 2013 Share Posted February 17, 2013 Forex market is open 24 hours a day and five days a week. It remains closed during the weekend. I am worried how you started trading Forex without knowing this basic information.Careful learning is needed to achieve success in Forex business. Quote Link to comment Share on other sites More sharing options...
standart Posted February 20, 2013 Share Posted February 20, 2013 yes, forex closed on weekend and its a good time to trader take a breather after 5 days they work for profit. rest is needed to keep the trader mind and physic remain in health and then they will ready to face the next week with optimism feeling. weekend holiday also used by banks and brokers to calculate and report all of the trading day transaction. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 26, 2013 Share Posted February 26, 2013 also the can re-evaluate their own action in this 5 days, sometimes i do that thing too, and when i come up with the new plan i simply try it later when market is open again, but until now i don't know what is the real reason of this thing, why they would close the market even market moving now and everytime we breath Quote Link to comment Share on other sites More sharing options...
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