What spread does your broker offer...
Sep 20, 2012 at 14:33
Vistas 697
8 Replies
Miembro desde Jul 03, 2012
posts 186
Sep 20, 2012 at 14:33
...on your favorite pair to trade?
Pax puts the X in Forex.
Miembro desde Aug 20, 2009
posts 266
Sep 20, 2012 at 16:04
May be stating the obvious here but spread actually means very little on its own. Spread needs to be backed up by depth of liquidity and there is only 1 way to find that out. You have to run a live account.....a demo account cannot simulate liquidity(or lack thereof).
Any broker can show razor thin spreads but that doesn't help if they can only give you 0.01 lots at that spread. You can tell this is happening when you have many trades that are split. This also seems more prevalent on the closing of trades than opening of trades.
Any broker can show razor thin spreads but that doesn't help if they can only give you 0.01 lots at that spread. You can tell this is happening when you have many trades that are split. This also seems more prevalent on the closing of trades than opening of trades.
Wealth Creation Through Technology
Miembro desde Nov 21, 2011
posts 1718
Sep 21, 2012 at 10:47
Between 0.7 to 1.9 spreads
Miembro desde Jul 03, 2012
posts 186
Sep 28, 2012 at 10:13
Alright, thanks Crazy Trader. At least you understood the question. Guys, the question was about spreads and what your broker offers you and what you can actually get. The question was not about what brokers show and how t works. I trust every traders understands that or at least I hope so but then again I asked a question in a forum.
Pax puts the X in Forex.
Miembro desde Aug 20, 2009
posts 266
Sep 28, 2012 at 10:55
TheLastBear,
I assume that last comment was directed at me. I don't really care for your condescending tone......as you said this is a public forum and I will post as I see fit. If this doesn't suit you, then you know where the moderators are to be found.
Most people post a question in a forum like this to stimulate conversation, which is the spirit in which I responded. Perhaps you know it all, but I am sure there are some people out there that do try and pick up some useful info on these forums.
I assume that last comment was directed at me. I don't really care for your condescending tone......as you said this is a public forum and I will post as I see fit. If this doesn't suit you, then you know where the moderators are to be found.
Most people post a question in a forum like this to stimulate conversation, which is the spirit in which I responded. Perhaps you know it all, but I am sure there are some people out there that do try and pick up some useful info on these forums.
Wealth Creation Through Technology
Miembro desde Jul 03, 2012
posts 186
Oct 02, 2012 at 06:53
Kenny,
every respond is alright. Converse as much as you like, that is why we are here. I agree that questions are posted to stimulate conversation, this one was more for informative purposes. There is no need to run to moderators because someone does not answer a question.
every respond is alright. Converse as much as you like, that is why we are here. I agree that questions are posted to stimulate conversation, this one was more for informative purposes. There is no need to run to moderators because someone does not answer a question.
Pax puts the X in Forex.
Miembro desde Jan 14, 2010
posts 556
Oct 16, 2012 at 09:59
compuforexpamm posted:
May be stating the obvious here but spread actually means very little on its own. Spread needs to be backed up by depth of liquidity and there is only 1 way to find that out. You have to run a live account.....a demo account cannot simulate liquidity(or lack thereof).
Any broker can show razor thin spreads but that doesn't help if they can only give you 0.01 lots at that spread. You can tell this is happening when you have many trades that are split. This also seems more prevalent on the closing of trades than opening of trades.
Also, the commission plays a big role as it is a hidden cost many traders overlook or are not aware of. Nowadays many brokers shift the cost of the spread to the commission thus making their spreads appear better when in reality they're absolutely not.
Miembro desde Jul 03, 2012
posts 186
Oct 23, 2012 at 14:11
Yes, I agree. Traders need to be aware of the entire picture to make an informed decision.
Pax puts the X in Forex.
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