What Is The Meaning Of “Market Closed” Error On MT4/MT5 Platforms?
In the past few years, MT4/MT5 platforms have gained a lot of popularity, and now they have become two of the biggest trading platforms. So if you plan to use these platforms, you must know all the essential information regarding them. One of the most common problems that many people face is the market closed error. However, it’s a fundamental thing, but most people don’t know about it. So if you are curious to learn more about MetaTrader 4 demo market closed error, this article will provide you with all the important information. After completing this article, you will know everything, so make sure to read it till the end.
Metatrader 4 demo “market closed” error is an MT4 error that occurs when traders try to trade out of trading hours such as weekends, national public holidays, and at the moment when specific markets don’t trade (for example, stocks can be exchanged only several hours per day). If you see the MetaTrader 4 demo “Market is Closed” or MetaTrader 5 “Market closed” error, then this means that no trading is happening in the market at that time. You are executing the trading positions in the wrong trading hours.
Now some of you might have questions like why the market is closed when trading goes on 24/7. However, trading indeed goes on 24/7, but stock trading markets are not open all the time. Every country has its own trading hours, and you can trade CFDs and Forex for limited hours.
So to help you understand better, here are some scenarios when markets are closed.
As mentioned above, the forex market stays active and open 24/7, but it remains closed at the weekend. So if you want to access the forex market, you can only do it 5 days a week. Just like this, CFD instruments also stay active on weekdays and remain closed at the weekend. In short, if you are new in the trading world, then don’t think about the money at the weekends.
2- NATIONAL PUBLIC HOLIDAY
Along with the weekends, the exchange market is also closed on the occasion of any national public holiday. Though these closed market hours do not come regularly, that’s why you must stay updated and check the news from your broker.
3- FOR 5 MINUTES AT MIDNIGHT (00.00)
Some brokers do not allow their users to execute any trading activities at 00.00. The main reason behind this is to prevent volatile prices and reduce the potential risks that arise because of the lower liquidity. Though this varies from broker to broker, so if you prefer trading at this time, then it’s better to check whether the trading is allowed 24/7 or not.
FXPro is one of the leading online forex brokers that offer specific market hours. Along with this, it also updates you for the coming national public holidays. It announces everything on their website to smoothly go there and know about the national holidays’ market hours.
The only suggestion is that before starting trading, research everything properly. This will keep you safe from any financial loss to help you trade more effectively. I hope this article will solve some of your queries and provide you some valuable information.
So, MetaTrader 5 market closed or Metatrader 4 demo market closed errors should be considered to notice that the trading market is closed during the weekend or holiday.