ForexVerified
Private, 1st Class
- Messages
- 579
Indeed. And weekend gaps happen more often than unusual price spikes.Shhh.... don't ruin the surprise.
For those who don't like surprises like this, it's not just massive price spikes. Weekend gaps can be large and if your SL is exceeded, you'll be filled at the next available price. So, until you have established a comfort level with the markets, it's safer to close all trades an hour or two before trading ends on Friday and then re-evaluate and reopen (where appropriate) the next week. Yes, this will cost you a few pips, but it could save you a lot more pips.