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Thread: Dumb questions

  1. #1
    Senior Member kizame's Avatar
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    Feb 2007
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    Tauranga, , New Zealand.
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    717

    Smile Dumb questions

    Hi guys I'm going to ask some really stupid questions.

    I am new to forex,I thought forex markets traded 24 hours,if that is the case is it region by region as normal business hours start and finish?
    The reason I ask is that the demo I am trying at fxcm stopped trading at 4pm New York time,this implies that I can only trade with them in their business hours(dumb aye haha)
    I would be greatful if someone could shed some light on this for a newbie.

    Also is it difficult to open an account in $us for a kiwi?

    Thanks in advance.

  2. #2
    Senior Member
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    Jul 2007
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    North Shore
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    Quote Originally Posted by kizame View Post
    Hi guys I'm going to ask some really stupid questions.

    I am new to forex,I thought forex markets traded 24 hours,if that is the case is it region by region as normal business hours start and finish?
    The reason I ask is that the demo I am trying at fxcm stopped trading at 4pm New York time,this implies that I can only trade with them in their business hours(dumb aye haha)
    I would be greatful if someone could shed some light on this for a newbie.

    Also is it difficult to open an account in $us for a kiwi?

    Thanks in advance.
    It's the weekend. On a weekday it would keep going.
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  3. #3
    action-reaction arco's Avatar
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    Dec 2001
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    AUD.NZD
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    2,877

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    Quote Originally Posted by kizame View Post
    Hi guys I'm going to ask some really stupid questions.

    Also is it difficult to open an account in $us for a kiwi?

    Thanks in advance.
    Not really. You just ask the bank to convert it before you wire the funds.

    You could also check if they accept accounts in other currencies.
    e.g. AUD or NZD if you prefer that
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  4. #4
    Senior Member
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    GBP JPY They dont call it the ninja for nothing .
    shorter time frames will increase the volatility as this cross has big moves.

  5. #5
    Senior Member
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    Sep 2001
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    EUR/JPY if you want to play a fast one roughly double the pips of say USD/JPY for each move,can do nasty spikes that stop you out though so not for the faint of heart.

    Cheers
    Miner

  6. #6
    Senior Member
    Join Date
    Sep 2001
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    875

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    http://www.dailyfx.com/charts/ http://www.avafx.com/ I use FXCM for my trading account and AVA for my charts as I can set them up how I like,both give you free access to charts though,hope that helps,have fun I'm off for the weekend.

    Cheers
    Miner

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