and the market opens with a big gap against our position, then our loss will be much bigger than our stop loss. But it is what. Many of them are not written by me, but I am sure you will learn a lot reading them: How to Trade Using Doji Candlestick and Bollinger Bands. It means when we have an open position during the weekend, the position is working, but we dont see the changes. If it opens with a gap up, then it will go down to fill the gap. When the stock opens, there are visible differences between the yesterdays close price and todays open price. Every trader seems ask this question when he watch his charts and wonder why this market move upward or downward from point A for example to point B, the answer is the imballance beteween buyers and sellers getting this market in a specified period. Therefore, I never trade the gaps. I showed you two examples at the beginning of this article, and you saw that the huge gaps we had this weekend, not only did not make any problems for us, but also made a lot more profit, because our positions were at the right. So for example, if a forex trader in Australia wakes up at.m. Here, i have explained that the currency market is closed only to retail traders during the weekend, but it is always open 24 hours per day and 7 days per week.
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We can rarely see a gap during the forex market open time, unless a too strong price movement happens because of a too strong news release, otherwise we dont see a gap. When the market is open and buying and selling are ongoing, then the price also goes up and down, because the price changes based on the supply and demand, and when there is supply and demand, the price changes also. That cac 400 forex is why when the market opens to the retails traders on Sunday afternoon at 5pm EST, the price has a visible difference compared to the level it was closed on Friday afternoon. PitView as this tool could be quite powerful, and make sure that you have a forex broker with the trading conditions to make it profitable. There is another question left: What if the market opens with huge gap against us, even if our position is taken based on a very strong setup? In many cases the price keeps on going against the gap before it turns around and fills the gap. You Have a Buy Pending Order: If the market opens above your buy pending order, then you will enter where the market is opened, not where the order is set. Currency is also needed around the world for international trade, by central banks and global businesses.