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spread question
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grp01

Member Since May 25, 2020  2 posts grp01 Jul 06 at 00:03
Hello All, I just recently started trading again after taking a break.

I'm using forex.com and the spreads are just insane!

Can someone pls look at my screenshot and recommend a better broker that accepts clients from the US thanks!
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grp01

Member Since May 25, 2020  2 posts grp01 Jul 06 at 01:31
Just talked to the broker and he said for example the EUR/USD spread is only 1.7, because one pip is .0001 so market watch in MT4 is misleading.

Duktilar

Member Since May 24, 2020  63 posts Duktilar Jul 10 at 06:28
In any case, you will be at risk without it is impossible to trade forex. But I can say that with the broker Amarkets you have a chance to minimize this risk

first_time

Member Since Jun 22, 2020  34 posts first_time Jul 10 at 07:20
Your broker MT4 is misleading? That is not good.

LeviSievwright5

Member Since Jul 20, 2020  119 posts LeviSievwright5 Oct 02 at 02:23
The broker is a very essential subject for trading. If the broker's spread is good, many benefits can be gained. Market maker broker spreads are usually not good. Details about the broker should be known before investing in trading.

EbonyJones

Member Since Jul 20, 2020  117 posts EbonyJones Oct 02 at 11:20
High spreads is the most disgusting thing in trading. To select a low spread broker you can visit those websites that provide broker reviews n their sites.

Shelby10

Member Since Jul 15, 2020  70 posts Shelby10 Oct 02 at 19:47
As a trader, I always try to trade with those brokers that have low spreads.

Malajind

Member Since Aug 07, 2020  24 posts Malajind Oct 05 at 05:47
It is important to choose a broker who will provide services that will not particularly affect trading.

niceGLer

Member Since Dec 28, 2013  158 posts niceGLer Oct 05 at 07:07
Well.. Spread eats profits, and destroys many otherwise good strategies. Move higher. Some Market Makers offer many other good features, like guaranteed stop loss, and zero negative balance. I wouldn't blindly stare at nominal spread, since there is also a phenomen called slippage, which is essentially a hidden part of the spread.

JosefK

Member Since Feb 28, 2014  25 posts JosefK Oct 05 at 09:49
grp01 posted:
Hello All, I just recently started trading again after taking a break.

I'm using forex.com and the spreads are just insane!

Can someone pls look at my screenshot and recommend a better broker that accepts clients from the US thanks!


Oanda

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EURUSD 1.17536 GBPUSD 1.30185
USDJPY 104.371 USDCAD 1.32905

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