Political events, restrictions on capital flows, holidays and intervention can affect currency pricing and access. Liquidity varies across markets and time. A quoted price for a small order does not establish the price available for a much larger one.
Read the contract’s trading hours and exceptional-market provisions. Keep enough margin for adverse movement without assuming your stop will fill exactly. When liquidity deteriorates, using less size or staying out can be a process decision rather than a directional opinion.
Worked example
A pair can reopen beyond a Friday stop after a weekend event. The executed exit depends on available prices and order terms.
Check your understanding
What does a wider spread change besides the apparent quote?
Show explanation
It increases the cost of entering and exiting and can affect order triggers and the risk calculation.
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