Trading Gaps Forex
Gaps refer to areas on a chart where the price of a currency or stock moves sharply up or down with little or no trading in between. as trading gaps forex this area represents an abnormality in the normal price pattern of the stock/instrument, it gets referred to as a gap. Gaps can be important in trading because there is a widely held belief among traders that gaps are usually filled quite quickly, which provides an opportunity for forex traders to make a likely profit, because the most likely short-term direction of the price can be successfully predicted. The forex weekend trading strategy that capitalises on gaps is about anticipating sunday’s opening price will have returned to friday’s closing price. the ‘gap’ is simply the price differential between the price when the traditional forex market closes on a friday evening, and the price when it reopens on a sunday. Thank a lot of your lesson of forex gap. i just understanding well about the gap trading from your lesson. during the ...