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Calculate to reflect true % return Discussion
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Member Since Jul 31, 2009 1049 posts
Ethan (Staff)
Jun 15 2010 at 11:58
Well, since forex is a 24 hours, 7 days a week market, that is the reason we use 30 days for a monthly calculation. There are brokers such as Oanda who do allow trading over the weekend.
As Steve pointed out, the monthly return should indeed show what return you get on average, per month. It doesn't matter which days you've traded and which you have not. Got a question? Need help? Send me a message! |
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Member Since Sep 04, 2009 801 posts
pc8multifx (pc8multifx)
Jun 15 2010 at 14:01
Most broker servers are down for hours for maintenance work on weekends, nobody trades there. Oanda is somewhat of an exotic exception...
But I agree, whats on the table on the end of the month caunts, nothing else. 
https://cp.commercialnetworkservices.net/aff.php?aff=623 |
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Member Since Nov 17, 2009 7 posts
cubist
Jun 15 2010 at 16:20
I would also point out that there is virtually no price movement and (and very wide spreads) from New Yorks close Friday until Sydkyo open Monday.
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Member Since Mar 07, 2010 222 posts
duzyfx
Jun 17 2010 at 01:14
cubist posted: I would also point out that there is virtually no price movement and (and very wide spreads) from New Yorks close Friday until Sydkyo open Monday. oh really ? And then where do the gaps come from ? |
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Member Since Nov 17, 2009 7 posts
cubist
Jun 17 2010 at 02:00
I was referring to Oanda. Gaps? I guess the lack of price movement is a result of real money players, the ones that move the market, closing shop for the weekend. At that point the the market becomes illiquid and the spreads widen in consequence.
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Member Since Mar 07, 2010 222 posts
duzyfx
Jun 17 2010 at 07:24
not true man forex opens in new zealand on Monday at 8 am local time (GMT+12) which is still Sunday in USA - 2-3pm EST (depends on DST)
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Member Since Nov 17, 2009 7 posts
cubist
Jun 17 2010 at 13:21
(edited Jun 17 2010 at 13:22 )
Yes, but there is no significant price movement generated on Oanda (with a few exceptions that I recall) until at least Sydney open @ 13:00 GMT (17:00 EDST)
This may explain wy NZ coming on-line Sunday afternoon has little impact: 'As FX trading has evolved, several locations have emerged as market leaders. Currently, London, England contributes the greatest share of transactions with over 32% of the total trades. Other trading centers—listed in order of volume— are New York, Tokyo, Zurich, Frankfurt, Hong Kong, Paris, and Sydney.' http://fxtrade.oanda.com/learn/what_is_forex/currency_exchange_market |
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