Forex Trading On Saturday:

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Nairaland Forum  |  General | Welcome  |  Money (Moderators: FOD, naijacutee)  |  Forex Trading On Saturday:
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Author Topic: Forex Trading On Saturday:  (Read 199 views)
jbloggs
Forex Trading On Saturday:
« on: September 13, 2009, 07:05 AM »

Hello,
What is your view on some men going around telling unsuspecting audience about trading
live on Saturday when the market closes on Friday?
mowaa
Re: Forex Trading On Saturday:
« #1 on: September 13, 2009, 02:16 PM »

In reality the market does not close on Saturday. But most, if not all online brokers, freeze their platform that day because usually activity is low and the movers (liquidity providers) like central banks, financial institutions, hedge fund managers are closed too.
You need to understand that online  traders only do electronically what the aboki's do on the street; though because naira is not as liquid as USD/GBP/EUR/AUD/NZD/JPY/CAD, most brokers don't offer naira as a currency pair on their platform.
You know that if you want to exchange dollar on Saturday, aboki's will sell or buy from you.

But i still think it is wrong for them to tell people they can trade on Saturday, unless they know any broker that allows that Undecided
benja73
Re: Forex Trading On Saturday:
« #2 on: October 05, 2009, 06:05 PM »

They are just bunch of scammers. Run away from them
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