Weekend Forex Monitoring

[synchaotica]

Hi, I was hoping someone could clarify for me the way the forex market 'operates' during weekend hours.

I realise that it is very difficult, if not impossible, to trade during these hours and I really have no interest in this. What I need to know is if it is possible to monitor the foreign exchange during the weekend so I can a the very least track my money (even if I cannot do anything about it)

I would have thought that, even if trading is not possible, somewhere, someone MUST be monitoring the levels. I find it hard to believe that they 'shut down' the entire world money market over the weekend.

Anyone?

 

[virtuos0]

As Forex does not operate on an exchange, and is an OTC interbank market, it just depends on when the banks want to trade. If they fancy trading on a weekend they can do, but in practicality no one does because the liquidity would be nonexistent, also everyone that works in a bank wants to go visit their Gran on the weekend for tea and scones.

 

[synchaotica]

Thank you virtuos0 that helps a great deal. I guess it's trade safe or pull out friday night. I appreciate your prompt and succinct reply.