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Forex Trading On Saturday: - Business - Nairaland

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Forex Trading On Saturday: by jbloggs(m): 7:05am On Sep 13, 2009
Hello,
What is your view on some men going around telling unsuspecting audience about trading
live on Saturday when the market closes on Friday?
Re: Forex Trading On Saturday: by mowaa: 2:16pm On Sep 13, 2009
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
Re: Forex Trading On Saturday: by benja73: 6:05pm On Oct 05, 2009
They are just bunch of scammers. Run away from them

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