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What if the broker spread changes while you are holding a position?
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Biedrs kopš May 22, 2012 21 ieraksti
gomoov
Jul 24 2012 at 03:54
Hello People,
I have a question about the broker spread. Let's say the current broker spread is 2, and you entered a position at that point. You are holding the position, but the spread changed to 5 for some reason. 1) Then what happens if I close the position when the spread is 5? 2) If you had a stop-loss order 3 pips below, would you be stopped out? Can anyone please clarify these with some explanation of general procedure how FX trading occurs? (bid, ask etc) Thank you!! ASB |
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Biedrs kopš Feb 07, 2011 612 ieraksti
PipGnostic (TheCyclist)
Jul 24 2012 at 12:45
1. You'd pay more than double the cost than normal.
2. Yes - spread will kick you out. Show me your pips!! |
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Biedrs kopš Jul 03, 2012 186 ieraksti
TheLastBear
Jul 26 2012 at 09:01
gomoov, you posted the same question already, the answer doe snot change.
Pax puts the X in Forex. |
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Biedrs kopš Jul 17, 2012 5 ieraksti
bobbie (skiilodge)
Aug 04 2012 at 11:45
the spread will not always stay the same unless you have a fixed spread broker. the thing is this. if you are buying at a support level or selling at resistance then the variance in the spread will not affect you in that matter. it will just be the cost per trade if you were to enter at the higher spread.
S.elf K.nowledge I.s I.mportant L.iving O.ur D.reams G.rowing E.veryday |
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