Yep, been trading with fxview for about a year and happy with the variable and ECN spreads. Though, I do wanna experiment with fixed spreads too. Any brokers to suggest for that?
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Which currency are you trading? - EUR/USD/AUD/JPY?
- Thread starter shriekpurser
- Start date
Look fixed and variable spreads are chief aspects of forex spread betting. Take for example you scalp EURUSD at 10 pm, fixed spreads should be your preference since the floating spreads are much higher. But, in case you prefer trading at the busy hours, floating spreads should be your pick.
Ya right and this is one of the reasons why scalpers prefer variable spreads. It just enables them to choose from a range of cheapest spreads available in the market at any time of the day.
That’s what majority do, exotic currency trading is just for the experienced mostlyI try staying away from exotics. Prefer sticking to majors or a few minors.
In fact all the great traders that I’ve been following credit their trading success to being able to control the downside risk and benefit from the upside profit. Problem however that I’ve noticed comes when the traders cling on to the losing trade hoping that one day the market will turn in their favor.Yeah William, EUR/JPY is a decent pair to trade with low spreads and all. I also like GBP/AUD that moves quite fast and the volatility factor makes it my favorite.
Exactly and holding onto the losing trade is completely ineffective even when the market’s bullish and not making the best use of the trading capital. They just miss good trades simply waiting for the security to come back at the price they’ve entered.
Hi Rihana, there can be a chance that your broker would have employed techniques like delayed execution, trade rejection, or slippage to reverse the effect of the tight spread. If so be the case, you need to change your broker or choose one carefully.