What does it take to make FX trading a 24/7 endeavor?

There are 2 and only 2 kinds of people in the world"

1- Those who think FX trading needs to be a 5.5/7 trading thing.

2- Those who believe FX trading is and should be treated as a 24/7 trading endeavor.


Obviously, the first group has won and they have won forever. But why?

Because they are banks and they have power and clout and they like to golf on weekends.

What a lame bunch.

Bitcoin can do it. Why can't currencies?

Oanda tried to make it 24/7 but they failed.


To those that don't believe that banks have a firm control over FX trading, well, the proof is in the pudding.


Am I wrong? Banks would love FX trading 24/7?


There is just no reason for not having 24/7 FX trading.

Anyone can take time off FX trading as they please but being forced to take days off trading FX is just purely undemocratic.

Some things aren't going to happen in this life...24/7 FX trading is one of them it seems/ Quite a shame.

Ya, I know, boring proposal, no one has been able to do it in centuries and no one can. That is just one of those FX impossible things to do cause we already know we have no influence over FX. We are lucky they let us trade the stuff.

Maybe we can do one of those students for climate change things protests about it but you we know no one is going to care anyway.

Maybe we can bribe them with some candy. I have some bubble gum, in case someone whants to get in.

Dumb thing is that FX currencies change value whether there is an exchange open or or not on the weekends. That is evidenced by the gaps we observe on market opening. The market not being open on the weekend is just a show of power by those who think they control the market and they sure do control the market.

You are onto something there but maybe whiskey is more appealing to those in charge.

My initial thought was yesyes, but on second thought the weekend spreads would probably be pretty fat, and the lower liquidity would probably result in a higher frequency of random 100 pip spikes

You know, nothing new has happened in the FX world since they opened it up to us public in the late 90's. I mean leverage change and FIFO change in some countries but they have not done anything positive in the FX world since opening it to public participation. MacDonald's has come up with newer burgers since then but other than restrictions on trading, nothing new has happened in the FX trading world since the beginning. With all that up and down excitement, this is a dead and resisting industry (if we can call it that) to any change.

ok but why Bitcoin doesn't have that problem?

I dunno, I haven't watched BTC charts in years. If I were to guess though, the same people who use low liquidity times as an excuse to do big stop hunts (IE daily/weekly opens and bank holidays) aren't really involved in BTC.

Just the fact that banks aren't into opening up for business on the weekends, shows who is in charge.

Feels so good to beat the banks at their own game.

Don't ask how to make money trading FX, ask how to beat the banks at trading FX!

That is the thing tho. If FX trading was active 24/7, maybe that would put a stop to low liquidity times.
But anyway, banks have so much free Cash on hand. Can't fight therm as long as everyone is willing to give them free loans in exchange for security. I guess that defeats all.

Okay, so what an individual can do about this? Probably nothing more than rant about it on a forum and that has been done many times before. There is one more step to take this from here; an international petition. I am not sure if those petitions accomplish anything but at least they put word out and who knows, maybe a smart powerful person sees it and pulls a few levers. Nothing to lose. Right?


https://www.thepetitionsite.com/192/...nds/#published


So, go fill in this petition please. As far as I know, there has not been any petition like this before. Be one of the first ones to contribute. In fact, you are not a serious trader if you don't. It is a historic event...go put your name on it. At least your forum name. Thanks.

First of all, I think it is necessary to decide whether you need to work like this and whether you are ready to devote so much time to trading. After that, I would already focus on long-term positions, because they will bring you income quite regularly and will not require you to analyze the situation around the clock. Well, it seems to me that it would be as reasonable and thoughtful as possible. On the other hand, you can organize your work in such a way that you would spend an hour or two a day trading for example, but would not make breaks, so that you could constantly fill your trading with new actual positions, depending on what is happening in the market. In general, it is a good question to think about it.

It seems to me that in order for the work to be complete and truly continue in the 24/7 format, you need to initially think of a concrete plan of action that will be based on the strategies that you use as well as on your capabilities. And I would also like to keep in mind the statistics - a lot depends on it too. But in principle, given the fact that today you are not tied to your computer and can work with a mobile application, you have the opportunity to work at any time convenient for you, even if you are on vacation or a business trip. Although I am sure that sometimes you need to take a break and let yourself catch your breath so that you can work actively and not get tired of the routine that surrounds you.

I believe that this requires you to decide that you will be trading as a core business, to which you are willing to devote all your time and energy, because everything here is completely up to you. If you really agree to work in this direction, then I would form some investment portfolio, which will include the main assets that you will use on a permanent basis. It is not superfluous to have a few strategies that you understand well and can apply in practice on a permanent basis. In general, first of all, you need to be well prepared and think about all the options. And then everything can work out the way you have planned.