From 23:00 to 02:00 server time, all markets are closed and therefore there is very low liquidity in the market.

Lower liquidity can also cause “higher slippage” amount as there maybe not enough market liquidity for your positions to be executed.

You may also note that it can cause higher volatility in the market prices too.

Generally speaking, Forex market is more liquidated during US and UK markets are opened.

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