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Why do the markets close in this modern age?
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Just think what would happen if market prices were live at any time. Some major news event happens, and the markets react. If you as a trader don't want to lose out, you have to follow. Which means traders have to work 24/7. That means traders working shifts. That means employing 3x as many staff to do the same job. Which is more costs for everyone, and what do you gain?
As all the brokers already cover most markets they are working 24x5 and computers do the buying and selling alot of the time people probably set limits for buying and selling of each equity.
I would agree we do need a settlement point for each days trading.Solar PV cost £5760 (15/03/13)
FIT inc + Electricity saved £3746 (65% Paid back) Tax free
Last update 30/09/170 -
Now everything is just about all done on computers apart from the professionals moaning they want to go home at 5 then why do they have to close.
Technical arguments aside, years ago I had a meeting at IBM Bedfont Lakes. The guy showing me around stated that the vast majority of people working there were under the age of 38 because they found that past that age people were less likely to work every hour God sends for the company cause and more likely to want to spend time with distractions such as 'family' or 'friends'.
He was right. At about the age of 38, I realized that on my tombstone I would prefer 'Great Dad and Loving Husband' to 'He put a shift in'.
So what is wrong with the world collectively stopping occasionally and allowing families and friends time to enjoy what they earned? If the markets were open 24 / 7 you would not be richer, you would just have to work longer.Edible geranium0 -
In Japan they even have the civilised audacity to have a lunch break. Hence the flat line in the daily graph of the Nikkei 225.0
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