Weekend trading

[Clint]

Is it just my broker that is closed on weekends or is it all of them? I was dabbling in forex about 9 years ago, and I remember then the fx market was open to retail trades on weekends.

Hello Melinda,

This post from awhile back might shed some light on the question of weekend trading –

What moves the market when it it closed for trading?

The retail forex market (our market) is closed over the weekend. But, retail forex represents only 3½% of the overall, worldwide foreign exchange market. The major portion of the worldwide market — the portion that drives everything else — is never closed, although generally it slows to a crawl over the weekend. As you can probably imagine, if the Bank of England (or Toyota, or George Soros, or any other heavy-hitter in the currency market) wants to move money late on a Saturday even…