Why It’s Good To Have An Account With A 24/7 Forex Broker

Even if Oanda isn’t a forex broker that is suited to your forex trading needs then I would highly recommend that you set up an account with them regardless!

Why?

Well, as far as I know - and correct me if I’m wrong dear friends - Oanda are the only forex broker that allow you to trade 24/7. Most forex brokers, especially the main players that I’ve reviewed, only operate between Sunday 1700 NY EST and Friday 1700 NY EST.

What happens if something happens over the weekend?

That’s two days of NO trading activity - nearly 30% of the week is taken up during the weekends… but does that mean that because the forex broker’s are closed the world closes too?!

Of course not.

If something occurs over the weekend, by having instant access to a market quote you can amend existing orders or enter new ones… and even if you don’t use Oanda you’ll at least be able to enter into trades that will hedge existing open trades from your closed forex brokers.

Think about it.