This post has been selected as an answer to the original posters question
In all Western countries the exchanges are closed during the week-end. However there are some islamic countries with the exchanges being closed on Friday and open on Sunday.
For example, you could try Nasdaq Dubai. Market opens on Sunday at 12:00 AM (midnight) and closes at 4:00 AM Est. You would have to do some research to find an online broker who offers access to Nasdaq Dubai. And then you need to figure out whether you want to open your account in USD or in UAE Dirham.
Other exchanges open on Sunday include Amman, Jordania.
If you want to trade during the evening, you would need to look to Asia. Also you want to select instruments with
- sufficient volatility (do some range analysis)
- liquidity (checl volume traded)
- low transaction cost
An obvious choice is FOREX. The following pairs can be traded during the Asian session, as there is sufficient volatility:
- AUDUSD - USDJPY - EURUSD - EURJPY - EURAUD
It is also feasible to trade 6E, 6A, 6J and ES but it ain't no fun.
Otherwise you will need to look at instruments traded in Japan, Korea, HongKong, Singapore or Australia. Best known are the index futures on
- N225 (Nikkei 225 futures), traded on Osaka Securities Exchange - N225M (Nikkei 225 mini futures), traded on Osaka Securities Exchange - K200 (Kospi 200). traded on Korea Stock Exchange - HSI (Hang Seng Index), traded on Hong Kong Futures Exchange - SGXNK (Nikkei 225, USD denominated), traded on Singapore
- NIFTY (S&P CNX Nifty Index, USD denominated), traded on Singapore Exchange
- STW (MSCI Taiwan, USD denominated), traded on Singapore Exchange
- SPI 200(S&P ASX 200 Index), traded on Sydney Futures Exchange
The instruments plotted in bold have excellent liquidity. These would be a viable alternative to trading FOREX.
Below is a statistic from the Futures Industry Association for Asia. The high number of KOSPI options traded is due to the small nominal value.
Last edited by Fat Tails; December 19th, 2010 at 03:37 PM.
The following 5 users say Thank You to Fat Tails for this post:
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.