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Author Topic: Should trading be closed on weekends?!  (Read 2818 times)
Tronlet
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July 10, 2011, 01:17:02 PM
 #21

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Should trading be closed on weekends?!
...Why?!

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spruce
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July 10, 2011, 01:25:51 PM
 #22

Considering the obvious that you can not transfer cash funds to your account on weekends (due to banks being closed) why not close the markets on weekends.

Just wondering what people think.

What I think is that there is no obvious cause and effect in your premise. One doesn't have to trade the instant there is fresh cash in one's trading account. Why can't someone deposit cash that is credited on Thursday and then they wait until Saturday or Sunday before trading with it?
The_JMiner
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July 10, 2011, 02:21:20 PM
 #23

Just so I can be clear I do not want to stop trading on weekends. I just brought up an argument for discussion and one idea why I thought it would be useful. I just wanted to see what people had to input into the discussion.

somebadger
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July 11, 2011, 07:13:50 AM
 #24

definitely not, the reason trading is closed on weekends for currencies is due to open hours etc of major business that is kinda backing the currency (see banking) since we dont have these limits and are a word wide currency closing trading on the weekends seems ridicules.. and even if you were to close on the weekends.. what timezone weekends would they be ?

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angelo95
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July 11, 2011, 07:31:36 AM
 #25

Why impose limitations for the sake of imposing limitations?  If some people want to trade on the weekend, they should be able to trade on the weekend.  No one is forcing you to trade on the weekend.

Well the idea is so that the market is not so volatile due to outside forces. Also people wont FREAK OUT cause they ordered to withdraw their money on Sat and its Monday morning and "WTF ITS NOT HERE!"  In my opinion less volatility I think is better for the market.

I like when people are freaking out.   Grin
c_k
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July 11, 2011, 08:38:04 AM
 #26

Considering the obvious that you can not transfer cash funds to your account on weekends (due to banks being closed) why not close the markets on weekends.

Just wondering what people think.

When it is the weekend for you it is not the weekend for me Smiley

Why don't we get the entire worlds population to just come hang out at your place in the weekends so we can all be in the same time zone.

I'll bring some chips and dip.

Manko
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July 11, 2011, 01:56:39 PM
 #27

With the advent of the internet, there's no need to limit trade time.

"lunch is for wimps"

You see, just as soon as the human is removed completely from trading, other than the consumer, we will have 24/7, 365 days (364 on leap years) trading. Things like currency and stock market trading are still limited, but even they will change.
opticbit
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July 12, 2011, 07:37:52 AM
 #28

maybe someone could build an exchange for you and similar people that is only open from 9:30 am to 4pm EST time M-F, closed on USA Fed Holidays, and throttle it at noon for lunch. </sarcasm>

Set up the same thing..
http://bit.ly/btcrefs
Get more bitcoins.
Fireball
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July 16, 2011, 04:20:31 PM
 #29

It's more complex when it comes to marginal trading. Imagine that you bought a position with say 1:10 leverage for all your depo size. Now, during weekend the market depth is very low and someone significantly pushes the price down by selling a big lot. This leads to a margin call situation and your position forcibly gets closed by selling at market price.

And if it would be closed over weekend, there would be no such situation, the exchange would open smoothly next working day, or open with a gap if something serious happened.

But, I'm not proposing to limit exchanges time at all, just stating an example, especially that such exchange doesn't exist yet I (marginal futures trading). Well, except the one (ICBIT) I am creating Smiley

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a63ntsm1th
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July 22, 2011, 02:52:09 AM
 #30

I <3 all you free marketers out there!!!!  You can see some people's thinking so limited by current paradigms.  One day we will all be free thanks to bitcoin!

@joelkatz

speculators also provide an addidiontal critical function, they provide liquidity.

currently i see no top notch exchanges (offering margin, futures, options, shorts) with top level profsionalism.  I think when we see the trading market mature we will see even more stability, thanks to speculators and investors alike.

just my .02 btc
bmgjet
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July 22, 2011, 03:22:46 AM
 #31

Weekends are the best tradding times.

Saturday here = Friday in US
Monday here = Sunday there
So sell on Saturday which always seems to be a high.
Buy on Monday which always seems to be a low.

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Kais
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July 22, 2011, 10:09:39 AM
 #32

One thing you can do is transfer money during the week, and not spend it. Then spend it on the weekend. There's no problem on your side. And there's still a good amount of people trading on the weekend. So I don't see any problem. And there's not much affect on the next week either.

This is an open currency. Making rules like this is restricting it.
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