Forex Trading Times Gmt
If you trade 1 billion EUR/USD in forex, would it open and close the position quickly?
How long would it usually take in an average market to open a trade that size, from the time you press the button to open the position until the confirmation of the opened position? I just want to know if it would take milliseconds, or seconds, or minutes. I am referring on opening a position at the most active hours of forex (13:00 GMT to 16:00 GMT) between the overlap of london and new york. One last thing, i am not a billionaire, i am just asking this question for information purposes, and i would like to get serious answers please.
Thank you!!
Assuming you’re talking about spot FX, and a single market order, it would probably fill in 10-15 seconds. Maybe less. Thing is, you would move price like hell. The liquidity providers would pull their liquidity after filling a bit of your order and price racing against them. Everyone would pull and you’d get a massive spike in the direction of your trade. Then when your trade is filled, price will almost certainly revert more or less back to where it was, and you’ll have lost a lot of money. People who need to make a spot trade like that will, among other possibilities, either work it in with multiple smaller orders or arrange with a liquidity provider to trade the full thing at a price away from the market.
Dukascopy Forex Trading Signals 210809 Louise McCauley
