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  1. #1
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    Jul 2008
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    Weekend Trading Execution FAQ

    Weekend Trading FAQ

    For weekend trading questions, please click on the appropriate link below to view the answer:

    Forex Trading Hours

    • What are the trading hours? Click Here.
    • Why does FXCM close over the weekend? Click Here.
    • Why do I get error messages when I try to log into my account over the weekend? Click Here.

    Weekend Trading Execution

    • What price will I get on Stops or Limit orders if they are triggered after the trading open?Click Here.
    • Why do I see prices updating before trading open but I cannot trade?Click Here.
    • If the price for my order has been reached, when will it execute? Click Here.
    • What happens if prices change From Friday’s close to Sunday’s open? Click Here.
    • Why did I get filled at a different price on my market order on Sunday? Click Here.
    • What can I do to protect my risk from trades held over the weekend? Click Here.
    • Can I place trades while the trading desk is closed? Click Here.

    There are currently no expected changes to trading hours due to any upcoming holidays.

    If you have more questions about trading hours, then click Post reply and we will get you an answer!
    Last edited by DailyFX Forum Administrator; 01-27-2013 at 10:37 AM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  2. #2
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    Jul 2008
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    What are the trading hours?

    For FXCM LTD (UK) and FXCM LLC (US), the quoted hours for the Trading Desk are from Sunday 5:15 PM (EST) through Friday 5:00 PM (EST). For FXCM Australia, the quoted hours for the Trading Desk are from Monday 7:15 AM (AET) - 7:00 AM (AET) Saturday.

    FXCM Trading Desk Weekend Calendar:

    Friday


    Saturday


    Sunday


    If you have more questions about trading hours, then click Post reply and we will get you an answer!

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    Last edited by Julius at FXCM; 05-28-2012 at 07:03 PM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  3. #3
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    Jul 2008
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    Why does FXCM close over the weekend?

    FXCM works with up to 15 banks and financial institutions that quote prices. These institutions are closed on the weekend, and therefore we are unable to provide prices to our clients. There are, however, some benefits to this. FXCM provides for positive slippage on limit orders: Limit orders (as a take profit to close a trade), buy limit (an entry order to buy below market price) and sell limit (an entry order to sell above market price).

    On any of these orders, you may experience positive slippage (execution at a better price that you entered). For example, let’s say you buy EUR/USD at 1.3800, and set a limit at 1.3900. Current market is at 1.3880 (20 PIPs below your limit order). Then, a news release comes out, that is better than expected for the Euro, causing the currency to spike to 1.3925. If you were first in line for execution at 1.3900, and there was liquidity available at that price (from our 15 liquidity providers), then the trade will execute at 1.3900. However, if there is no liquidity at that price, or you were not among the first in line, then your limit will go into execution at the next best available price, at 1.3925. This can be the case during news events and fast moving market hours.


    If you have more questions about trading hours, then click Post reply and we will get you an answer!

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    Last edited by FXCM Online Support; 11-08-2010 at 05:13 PM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  4. #4
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    Jul 2008
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    Why do I get error messages when I try to log into my account over the weekend?

    The Trading Desk is closed from:
    • Friday 5:00 PM to Sunday 5:15 PM New York time (EST)
    • Friday 9:00 PM GMT to Sunday 9:15 PM GMT.
    • Saturday 9:00 AM to Monday 9:15 AM Sydney time (AET)

    FXCM Trading Desk Weekend Calendar:

    Friday


    Saturday


    Sunday


    When does weekly scheduled maintenance happen?

    Maintenance starts after 5:00 PM Friday EST, and can continue through the weekend. On many weekends the maintenance ends by Saturday afternoon.

    If you attempt to login during the maintenance, you will receive a standard error messsage. The message you receive is not specific to your account, computer, or internet connection. You will be able to log on after maintenance ends, and start trading after the 5:15 PM EST trading open on Sunday.

    Enjoy your weekend!

    If you have more questions about trading hours, then click Post reply and we will get you an answer!

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    Last edited by Julius at FXCM; 05-28-2012 at 07:02 PM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  5. #5
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    Jul 2008
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    What price will I get on Stops or Limit orders if they are triggered after the trading open?

    • If the requested price of a stop or limit order is reached at the open of the market on Sunday, the order will become a market order and will be filled at the next available price based on liquidity. Limit orders that are triggered may experience positive slippage and stop orders may experience negative slippage depending on the change in prices from Friday until Sunday. Limit Entry (LE) orders are filled the same way as limit orders. Stop Entry (SE) orders are filled the same way as stops.

    If you have more questions about weekend trade execution, then click Post reply and we will get you an answer!

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    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  6. #6
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    Jul 2008
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    1,103
    Why do I see prices updating before trading open but I cannot trade?

    Shortly prior to the open, the Trading Desk refreshes rates to reflect current market prices in preparation for the open. Prices displayed during this time are not executable for new market orders.

    Why do prices change over the weekend?

    You can see prices change over weekends for a few reasons. News events over weekends can cause rates to change, which are not too common, but do occur.

    Also, weekend movement can be caused by actual delivery of currency. This would be where a large, multi-national corporation, government or government entity actually delivers one currency in exchange for another. This can be for many reasons, and can cause rates to move, although no retail trading may have occurred.


    If you have more questions about weekend trade execution, then click Post reply and we will get you an answer!

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    Last edited by FXCM Online Support; 11-08-2010 at 07:34 PM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  7. #7
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    Jul 2008
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    If the price for my order has been reached, when will it execute?


    At the trading desk open, trades and orders held over the weekend are subject to execution at the next available market price based on available liquidity. After the open, traders may place new trades, and cancel or modify existing orders.

    If you have more questions about weekend trade execution, then click Post reply and we will get you an answer!

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    Last edited by FXCM Online Support; 08-27-2010 at 12:36 AM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  8. #8
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    Jul 2008
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    What happens if prices change From Friday’s close to Sunday’s open?


    Sunday's opening prices may or may not be the same as Friday's closing prices. At times, the prices on the Sunday open are near where the prices were on the Friday close. At other times, there may be a significant difference between Friday's close and Sunday's open.

    The market may gap if there is a significant news announcement or an economic event changing how the market views the value of a currency. Traders holding positions or orders over the weekend should be fully comfortable with the potential of the market to gap.

    One of the great things about trading at FXCM is that outside of announced major holidays, the trading hours routinely close only once a week on the weekends, which corresponds with the hours of major banks and financial institutions. In contrast, most stock exchanges close five times each week, and can gap significantly on each day's open.

    If you have more questions about weekend trade execution, then click Post reply and we will get you an answer!

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    Last edited by FXCM Online Support; 08-27-2010 at 12:41 AM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  9. #9
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    Jul 2008
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    Why did I get filled at a different price on my market order on Sunday?

    Please be aware that during the first few hours after trading open, the market tends to be thinner than usual until the Tokyo and London market sessions begin.

    These thinner markets may result in wider spreads and may increase the likelihood of orders being filled at a different price than the requested price, as there are fewer buyers and sellers.

    This is largely due to the fact that for the first few hours after the open, it is still the weekend in most of the world.

    If you have more questions about weekend trade execution, then click Post reply and we will get you an answer!

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    Last edited by FXCM Online Support; 08-27-2010 at 12:36 AM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  10. #10
    Join Date
    Jul 2008
    Posts
    1,103
    What can I do to protect my risk from trades held over the weekend?


    Traders who fear that the markets may be extremely volatile over the weekend, that gapping may occur, or that the potential for weekend risk is not appropriate for their trading style, may simply close out orders and positions ahead of the weekend.

    If you have more questions about weekend trade execution, then click Post reply and we will get you an answer!

    Return to Top of Page
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  11. #11
    Join Date
    Jul 2008
    Posts
    1,103
    Can I place trades while the trading desk is closed?

    It is not possible to place, modify, or cancel orders when the trading desk is closed.

    FXCM platforms and My FXCM may be inaccessible until the maintenance is complete. If you receive an error message at this time, it is due to scheduled maintenance and is not a technical issue. You will be able to log on at the conclusion of the maintenance, well before the Trading Desk opens.

    If you have more questions about trading hours, then click Post reply and we will get you an answer!

    Return to Top of Page
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

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