Hi there,
I'm very new to all this but finding it v.interesting.
Please correct me if I'm wrong.
Can somebody educate me on brokers operation times and how it affects trading?
I'm assuming they are just 9-5 companies? working 5 days a week? If so, how come forex can run constantly even overnight? Do I have to wait for my broker to be in working hours to place a trade?
And what about weekends? They say Forex is 24/7. But brokers close on weekends, so essentially does that mean Forex is 24/5? Closed on weekends? So trades cannot happen on weekends? Or am I completely wrong?
I live in Australia and I've just signed up with a demo on Go Markets.
How do I determine the broker time?
Thank you all!
I'm very new to all this but finding it v.interesting.
Please correct me if I'm wrong.
Can somebody educate me on brokers operation times and how it affects trading?
I'm assuming they are just 9-5 companies? working 5 days a week? If so, how come forex can run constantly even overnight? Do I have to wait for my broker to be in working hours to place a trade?
And what about weekends? They say Forex is 24/7. But brokers close on weekends, so essentially does that mean Forex is 24/5? Closed on weekends? So trades cannot happen on weekends? Or am I completely wrong?
I live in Australia and I've just signed up with a demo on Go Markets.
How do I determine the broker time?
Thank you all!