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ECN with and without commissions.

PercymcDonnell54
Mar 21 at 07:55
posts 23
philipsimmions posted:
The hard work you are talking about James, is for your own good. You only will get benefits from it. And since you are in trading, you need to manage time to trade. And if still you have enough money to pay to any broker, you can think of lending me some. Lol.

My friend also suggested me to go for low deposits but I had already chosen some other broker. I wish I had waited for a little more time.

Marksteve
Mar 22 at 09:57
posts 36
I can never compromise with services a broker gives. And why should I? I have put my money there and I should be getting everything whether it is about low spreads or high leverages.

Numeromatt
Mar 23 at 07:08
posts 38
Before going with a broker that is offering low spreads, you should know the average rates for a currency pair you want to trade. This will save you a lot of hassle later.

philipsimmions
Mar 23 at 09:15
posts 42
Most low spread brokers have the same spread value and it kind of depends on the pair as well. Anyway, you can go to different platforms and check the spreads they are offering.

colininghrams
Mar 24 at 05:52
posts 29
PercymcDonnell54 posted:
philipsimmions posted:
The hard work you are talking about James, is for your own good. You only will get benefits from it. And since you are in trading, you need to manage time to trade. And if still you have enough money to pay to any broker, you can think of lending me some. Lol.

My friend also suggested me to go for low deposits but I had already chosen some other broker. I wish I had waited for a little more time.

That’s right and for major currency pairs, it is likely to be 0.1 to 1 pips. This is just an average spread with many tight spread brokers.

Marshshaun
Mar 25 at 05:03
posts 31
Numeromatt posted:
Before going with a broker that is offering low spreads, you should know the average rates for a currency pair you want to trade. This will save you a lot of hassle later.

But I read somewhere that the spreads also widen at the close of the market due to any news update or something. Is that right?

ele020 (ele020)
Mar 25 at 05:49
posts 212
Marshshaun posted:
Numeromatt posted:
Before going with a broker that is offering low spreads, you should know the average rates for a currency pair you want to trade. This will save you a lot of hassle later.

But I read somewhere that the spreads also widen at the close of the market due to any news update or something. Is that right?

Yes, spreads do widen when there is low liquidity or high volatility in the market. release of major economic events and news cause panic in the market which increase volatility. And during opening and closing time there is hardly any trading volume thus the liquidity is very low which leads to widening of the spreads.

The more your practice, the more you learn.
Marshshaun
Mar 25 at 07:11
posts 31
philipsimmions posted:
The hard work you are talking about James, is for your own good. You only will get benefits from it. And since you are in trading, you need to manage time to trade. And if still you have enough money to pay to any broker, you can think of lending me some. Lol.

Now that’s something I never heard of before. I mean I knew there were those mentors or gurus but account managers is something new to me. I’ll look it up, thanks.

colininghrams
Mar 25 at 08:15
posts 29
philipsimmions posted:
Most low spread brokers have the same spread value and it kind of depends on the pair as well. Anyway, you can go to different platforms and check the spreads they are offering.

That doesn’t always happen and about 95% of the times your spread is likely to remain low so don’t worry about it.

Bunaya
Apr 06 at 14:38
posts 54
Indeed, there are very rare cases when the spread rises very sharply, so I don't need to worry about this.

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