DEFINITION of weekend trading
The weekend trading is a service that enables you to speculate on several markets over the weekend. Day trading at the weekend is a growing area of finance.
WHAT IT IS IN ESSENCE
Forex weekend trading hours have expanded well beyond the traditional working week. With no central market, currency rates can be traded whenever any global market is operating – be it London, New York, Hong Kong or Sydney. For similar reasons, Bitcoin and other cryptos can also be traded over the weekend. Some brokerages now also offer weekend trading on indices as the growth in day trading part-time continues. Here we detail some of the markets for weekend trading, strategy choices and some benefits and risks to consider.
Technology has been the catalyst for globalization and not everyone in the world works on the same schedule.
HOW TO USE
Some of the most popular indexes available during the weekend are:
- Tel Aviv 25 Index – This is comprised of the top 25 companies by market capitalization in the Tel Aviv Exchange, Israel.
- DFM Index – This index is based on the Dubai stock exchange, which is one of the major exchanges in the United Arab Emirates.
- Kuwait Stock Exchange – This is the national stock exchange in Kuwait and includes the biggest companies, banks, insurance companies, and real estate.
- Tadawul Index – This is the only stock exchange located in Saudi Arabia.
In addition to the above, some brokers are now also offering weekend trading on European and US indices including the FTSE, DAX and even Wall Street.
Although an old adage declares that business never sleeps, business certainly isn’t above taking some time off, particularly on weekends. The New York Stock Exchange and Nasdaq, the nation’s largest stock markets, maintain hours of trading that are similar to those of banks’ hours. Because of this, the stock market is closed on weekends. However, with the rise of better technology, investors are able to make trades on Saturdays and Sundays –with additional risks.