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De BISAWiki
The fx markets are closed for the weekends. The weekend for the fx markets operate from Friday evening to Sunday night GMT. Now, it frequently takes place that the price at which forex pair opens on the Sunday evening is diverse from the price it experienced shut on the Friday night. This big difference amongst the Sunday open up and the Friday shut price is identified as the Gap in Foreign exchange Buying and selling.
Now generally this gap between the Sunday open and the Friday close is one thing like 20 pips but from time to time it can be as extensive as two hundred pips. This can happen if there was a sudden surprising breaking information during the weekend. Because of to these gaps in the forex trading market, it is often highly recommended to close any open up trades that you had prior to the Friday close. In other phrases don't consider to keep your positions open for the duration of the weekends.
The good thing is that these gaps have a tendency to get closed inside some several hours of the Sunday open. Even so, at times these gaps can get as prolonged as 24 hours or even a lot more to get shut. Trading these gaps is a legitimate fx approach that a lot of savvy traders use to make swift pips with lower threat.
