Hi, I'm glad to have found Forex Factory. I'm a newbie to both this forum and currency trading.
I understand that the forex market is highly liquid, so I would like to know whether it is very easy to get out at your stop loss and OCO prices because of the liquidity? Put another way, do you feel alright putting in a stop loss and/or OCO order and then go to sleep expecting that your order would be filled (unlike in a stock where it could gap down dramatically and your order would be filled at a very bad price)?
How would news affect forex market price movements? Would it gap down (e.g. on bad news) so dramatically that your stop loss would be filled at dozens of pips below the price your specified?
Any real experiences that you would like to share in this regard? Thanks in advance! Good luck.
I understand that the forex market is highly liquid, so I would like to know whether it is very easy to get out at your stop loss and OCO prices because of the liquidity? Put another way, do you feel alright putting in a stop loss and/or OCO order and then go to sleep expecting that your order would be filled (unlike in a stock where it could gap down dramatically and your order would be filled at a very bad price)?
How would news affect forex market price movements? Would it gap down (e.g. on bad news) so dramatically that your stop loss would be filled at dozens of pips below the price your specified?
Any real experiences that you would like to share in this regard? Thanks in advance! Good luck.