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Efficient markets with good order fills rely on risk-taking from the masses. However, when large traders back off, liquidity black holes can appear.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/article/special_report/2016/06/23/Adjusting-Your-Trading-Expectations-In-Volatile-Possibly-Illiquid-Markets_srepTY.html?DFXfeeds=forex:fundamental:article:special_report
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