is there any minimum requirement to open an online forex brokerage account? such as financial background, nationality or experience?

What usually happens if your computer temporarily loses its internet connection, or if there is a power outage? Such things are not uncommon. I’ve heard conflicting reports over what exactly happens.

For instance, would your open positions (already fulfilled trades) automatically CLOSE at whatever the current market value was, or would they stay as open positions until you logged back in? I don’t really understand why open positions would reverse, because haven’t they already been fulfilled in the market, regardless of what happens on the client side?

What about open orders? For instance, if you’ve set stop or limit orders that haven’t been fulfilled yet … would these be erased if you lost your connection or power?

It just seems very weird to me that open positions would simply “exit” or “close” if you were to lose your connection. For one thing, wouldn’t that mean that you would need your lots re-bought or re-sold first? Why in the world would it automatically exit out of the trade? I can understand a margin call, but …

Secondly, what about people who are position traders and have open positions that last weeks or months? Do these people keep their software, computer, and internet connections going without any interruption the entire time? Brief interruptions in service or a power outage are not uncommon in our world. Really don’t understand it at all.

Specifically, I’m using MB Trading’s Navigator, but what tripped me is that they said “trailing stops are server-sided and protected from disconnects,” which to me implies that other types of entry orders are client-sided and are not protected from disconnects?

I really hope I’m misinterpreting something.

The thing is, if I end up with a margin call because my connection or power was out too long, then that is one thing. But an open trade automatically exiting out into a closed trade simply because you lost connection or power briefly makes absolutely no sense to me. I don’t understand why a fulfilled trade would even do that.

I’ve been playing around with forex and made a BIG mistake on Friday by taking a buy position on the $/EUR market which then went the wrong way for me. Even more stupidly I forgot to set the stop loss triggers and by the end of trading on Friday I was down $1,500 on the position.
I want to close out the position as soon as possible on Monday but need to be in front of the computer when the market opens – which will presumably be in the Far East markets.
I’m in the UK so any answers in GMT would be very helpful indeed as otherwise I’m going to have to stare at the screen all night waiting for the market to open.
If it makes any difference I’m useing the MetaTrader 4 platform and my broker is Alpari UK,
Thanks for any help – I’m quickly going broke here!!

I don’t see any movement with any of the curriencies i have listed nzd, aud,us,cad,eur,jpy,chf,gbp, and it wont let me buy anything. WHat are the closing times for all of these? and if you are a trader and wish to help me to learn how to trade email me

I am using Interbank FX trading platform and have been using a demo account to test out these errors I’ve been getting.

Stop loss is not active. During disconnects, open trades close for whatever value they are at. If left open for a few hours, loss trades auto-close for a loss. The market was still open for all these tests.

So, anyone have any ideas?

Hi, I’m using ForEx Autopilot and was wondering, my open trades come out positive for this week and the market is closed for the weekend, should I leave them open and my EA running or should I close them and start fresh next week?

i need to know for sure the operations of the forex market, it opening time and closing time. plss and infos on it operation from someone who has traded or is trading presently