Does the foreign exchange market trade on weekends? Can I hold positions on foreign exchange weekends?

foreign exchange marketWeekend deal?

In fact, everyone knowsforeign exchange marketIt is a 24-hour uninterrupted market, so the foreign exchange market should not be closed. But in fact, our current domestic foreign exchange traders know that foreign exchange is closed on Saturdays and Sundays when trading.

Why is foreign exchange closed on Saturdays and Sundays?

The foreign exchange market is a global market where foreign exchange markets in different regions are connected. But not all foreign exchange markets are 24 hours a day, it's just that there are foreign exchange trading centers in different regions operating at any time. Therefore, the foreign exchange market is a 24-hour uninterrupted market as a whole. And the current closed on Saturdays and Sundays is actually becausebrokerOr the trading bank needs to rest.

What is the specific closing time for foreign exchange on Saturday and Sunday?

At present, the opening time of the domestic foreign exchange market is 4:00 am Beijing time on Monday and closes in the early morning of Saturday. Therefore, the closing time on Saturday and Sunday is: around 4:00 am Saturday to 4:00 am Monday. However, different trading platforms and different seasons will vary slightly.

Is it okay to hold foreign exchange weekend positions?

So if the foreign exchange market is closed on weekends, can traders hold positions? The answer is yes. Traders can choose to continue holding positions, but they cannot place orders during the break. Therefore, it is generally not recommended that traders hold positions on weekends because: first, the risk is relatively high, and second, overnight interest needs to be paid.