Hi everyone,
I’ve just logged in into a nordfx demo account on metatrader4.
I can’t see any price update on the chart, specifically on the GBPUSD pair, is anything wrong? I thought prices would always be coming in, today is 2015/09/12 and the last data is from yesterday 2015/09/11.
Does anyone know what the reason behind this is?
Thank you.
Luca
Question of the week!
It is weekend man. So simple.
As above: it’s the w/end.
The market is closed after NY close on a Friday & doesn’t open again until the Asian session on Monday. So check your time zones etc & work out when that is.
This may help though: it’s closed Friday 10pm until Sunday 10pm (both GMT).
You just opened demo account that is why maybe you don’t know my friend but at the weekend, forex market is closed. That is why when you go to exchange office, at weekend you see lower exchange rates than in the week.
It is not a question of the week or so simple. If the guy doesn’t know, of course he will ask. Nobody born as a forex pro. This forum is ‘baby’ pips not ‘pro’ pips.
I thought forex market was open 24 hours a day all year round, didn’t know it’s closed during weekends.
Thank you so much guys, I feel better now knowing it’s not an anomaly of my account.
Thanks again for your help.
Best of luck with your trades.
Luca
Ciao Luca,
previous posters said it better than I could!
One addition: the ‘forex market’ is open at the weekend, except not for the likes of people like you and me - the retail traders… Inter-bank transactions still take place during weekends, otherwise there would be no explanation for those gaps in price between the market close on Friday evening and its open on Sunday night 
Price will move 24/7 but volume is so low at the w/ends, it’s not worth the brokers allowing trading. Some do but the spreads will be pretty wide to compensate for it.
Price will move over the w/end though which is why when you look at the chart on a Sunday night, you may see a gap up or a gap down - it’s just the difference between NY close Friday & the Asian open Monday (I say Monday but it’ll be Monday in Asia, it’ll still be Sunday for UK & USA).
So you can trade it 24/5 which doesn’t quite have the same ring to it. It’s a good thing though, life is for living, enjoy your w/end & then just put some chart time in on Sunday night so you know what pairs you want to be looking at the next day.
Edit: PipMeHappy beat me to the explanation by 2mins. Damn you Sir, damn you to hell 
Good work PMH!
Baz, I am sure that hell is not all that bad, and a bit warmer than summers in Scotland 
[QUOTE=“PipMeHappy;722545”] Baz, I am sure that hell is not all that bad, and a bit warmer than summers in Scotland ;)[/QUOTE]
There are lots of things warmer than summers in Scotland: iced drinks, a polar bears nose, my ex-girlfriends heart to name but a few.
Do u believe that some “elite” retail guys have access to weekends?
I’d Always assumed it was pre market movement caused by Middle Eastern based brokers who provide forex access to clients who have a different weekend to us in the West. This trading is low liquidity, high spreads, as most large institutions and banks are not trading, and shows as a gap when our brokers reopen and price ‘catches up’
The market is closed after NY close on a Friday & doesn’t open again until the Asian session on Monday. So check your time zones etc & work out when that is.
Not quite, more this:
Why does after-hours trading (AHT) exist?
Thanks, well eventually it might get there, im sure the large banks have their algos running even though they are closed for the weekend. There were talks on making the equity markets a 24-7 Gloabal market …but who knows and who cares. 24hr markets such as forex and futures used to be a challenge to me but it became easier once you know the “real” times to trade. On that note, some big boys believe and swear that the asian session is a trap and thats where the institutions are setting their parameters, what do you think? Take care.
For serious traders it is not good to trade in the Asian session and just watch the markets so that you will get a fair idea of what is actually happening and then when the timing is correct you can open your trade in the London or the US markets easily
As I know, the price movement in demo account and real account is same because demo account used same price with real market but transactions in demo account won’t affect anything in reality so it’s better to use demo account with same amount of capital with real account for you to learn about how to trade in preparation to trade with real account later. I don’t know if there is broker which doesn’t update price in demo account as real account, I think it’s very weird if there is broker which doesn’t update it because demo account will be useless if the price is different with real account.