I just played a little with forex demo account. I know that forex market is open from Monday to Friday. But when I tried to open new possition on weekend when the market is closed it was possible. So I am curious if it is possible on demo only?
it's possible but very risky if you're trading on the short term -- the start of the week is usually quite unpredictable.
Its really depend on which broker you using such as NorthFinance is not allow to open position on weekend but Oanda is allow to open position at any given time but there a big spread during weekend
I use cmsfx.com demo now. I have read their faq and there is stated that the difference between demo and live account is that in Demo Account trading, orders are automatically confirmed but in Live Account trading, all orders are handled by their Auto Dealer System or dealing desk. In another place of their website I found the information that their dealing desk is open from monday till friday (in the hours when forex market is open). Oders up to 1 lot are handled automatically. So if I understand well, I can place order up to 1 lot on weekend and higher orders cannot be placed because dealing desk is closed? CMS also states that they have fixed spread. When I used the demo there was no difference in spreads on weekend so I hope there is no catch.
In average, how many pips is "big spread". Let say normal spread on USD/EUR is 2 pips. Big spread will be 5, 10 or more pips?