A gap is a discontinuity in price where the next quote is materially different from the last, with no trades printed in between. Weekend gaps and Monday opens are the common examples in currency markets, and metals can gap on news. A stop-loss order sitting above or below a gap is filled at the price actually available, which may be well beyond the level chosen.
Forex glossary
Gap
Related term
Stop Loss
A stop loss is an order that closes a position automatically if the price moves against it by a set distance. It converts an open-ended risk into a defined one…
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