The Most Active and Welcoming Investment Community Online
Join and Discover the Best Way to Invest and Grow your Money.

Welcome to Our Community
Wanting to join the rest of our members?
Feel free to sign up now.

Spread is important ?

Discussion in 'Forex' started by Money Morkel, Aug 24, 2016.

  1. Money Morkel

    Money Morkel Registered

    Messages:
    262
    Likes Received:
    0
    Trophy Points:
    0
    Spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. We the traders have to choose in the broker which for all time make user best trading environment for using nay kinds of trading strategies by providing lowest trading spreads.
     
  2. Crypto Is Making People Rich

    And You Can Become The Next Millionaire…

  3. binaryowner

    binaryowner Registered

    Messages:
    212
    Likes Received:
    0
    Trophy Points:
    0
    Its not financial tool its a trading costs we pay to get access to the currency markets. Though I use zero spread account with Hotforex which offers raw spread+commission.

     
  4. Joy Bahadur

    Joy Bahadur Registered

    Messages:
    278
    Likes Received:
    0
    Trophy Points:
    0
    As a scalper, I have been using MXTrade trading broker from my first day of trading due to only one pip lowest trading spreads which is very supportive to make profit with certainly by using any kinds of trading strategies with scalping that brings profit in a short time. so, my trading life is very much profitable.
     
  5. Bevan Congdon

    Bevan Congdon Registered

    Messages:
    35
    Likes Received:
    0
    Trophy Points:
    0
    A spread tracks the refinement between the cost of whatever it is you are long and whatever it is you are short. Along these lines the hazard changes from that of enormous worth precariousness to that of the refinement between the two sides of the spread. Low spread is useful for scalping. It gives a merchant an additional edge.In the Forex world, there are two sorts of spreads offered by Forex Brokers towards their traders. This suggests they can trade contract on a Fixed spread or Variable spread so to speak. There are various traders that will open an account with a specific Broker essentially in view of the spread sort that the Broker offers. I am a binary options trader. On the off chance that you are included with binary options trading, you can open an account with lxmarkets.com
     
  6. Mehraj Hossain

    Mehraj Hossain Registered

    Messages:
    363
    Likes Received:
    0
    Trophy Points:
    0
    The difference between ask and bid price is called spread. It represents brokerage service costs and replaces transaction fees. Spread is traditionally donated in pips- a percentage in point, meaning fourth decimal place in currency quotation. Every market has spread and so does Forex. It is likely to a commission. Lowest spread is preferable to every trader. Trade12 offers the lowest spread in their currency pairs including metals and they take the lowest transaction fees. [SIZE=12pt][/SIZE]
     
  7. Josheb Fredy

    Josheb Fredy Registered

    Messages:
    370
    Likes Received:
    1
    Trophy Points:
    18
    Spread is important, but spread alone is not any big deal. We need to make sure we go with broker that we can rely and trust upon, as only then we will be able to gain and succeed. I am with the best in FreshForex, as they are highly rated and have excellent luxuries. This count for zero spreads, over 120 instruments, mega rebate and all such themes, its fabulous!
     
  8. ForexMartTrader

    ForexMartTrader Registered

    Messages:
    342
    Likes Received:
    0
    Trophy Points:
    0
    A broker that has low spread across all currency pairs is preferable to a forex trader, as the cost of transactions will be reduced during forex trading leaving you with more financial resources.
     
  9. Mehraj Hossain

    Mehraj Hossain Registered

    Messages:
    363
    Likes Received:
    0
    Trophy Points:
    0
    Spread can be simply defined as the basic difference between ask and bid price. It is a commission taken by FX brokers. Several brokers charge several amount of spread. Because a brokers earning rely on this spread. Some brokers take high spread and some take low spread. Low spread indicates to low transaction cost. So every trader prefers it more. The ECN broker called Trade12 takes the lowest spread from their traders.
     
  10. Justin Vaughan

    Justin Vaughan Registered

    Messages:
    80
    Likes Received:
    0
    Trophy Points:
    0
    Many trader consider spreads while choosing there broker. Because spreads is an important trading tool. But only spread is not a big thing. Trader should select a broker who will provide lowest trading spreads. Because if a trader earn huge profit but they do not provide lowest spreads. Then the profit actually do not work at all. I am with TryMarkets who is providing variable spreads facility which is maximum 0.3 pips.
     
  11. Mehraj Hossain

    Mehraj Hossain Registered

    Messages:
    363
    Likes Received:
    0
    Trophy Points:
    0
    Spread can be simply defined as the basic difference between ask and bid price. Its a commission taken by broker considered as the most important topic in Fx market. Lowest spread is known as favorable to the traders. So all traders seek for this advantage. Only some reputed brokers take low spread from their traders. Like I am trading with an ECN broker called Trade12 offers the lowest spread to the traders.
     
  12. Simon Davis

    Simon Davis Registered

    Messages:
    73
    Likes Received:
    0
    Trophy Points:
    6
    I think you need to be very wise with brokers, as its very common to see brokers charging low spreads and in hidden way they charge huge commission, so got to be very sure with doing things. It is important to have broker that have good facilities not just make up. I am with FP Markets; its good in every possible way. They are awesome with having ultra-tight spreads from 0 pips, over 1000 instruments, lightning fast execution and much more, its all very cool.
     
  13. Mehraj Hossain

    Mehraj Hossain Registered

    Messages:
    363
    Likes Received:
    0
    Trophy Points:
    0
    Spread is the most important concept which we consider while choosing broker. It can be simply defined as the difference between ask and bid price. It is also known as commission which is taken by broker. The amount of spread varies from broker to broker. Low spread is mostly preferable to the traders. I have the lowest transaction cost and lowest spread with Trade12 broker which is really impressive.
     
  14. ForexMartTrader

    ForexMartTrader Registered

    Messages:
    342
    Likes Received:
    0
    Trophy Points:
    0
    Traders that apply scalping strategy will benefit more from trading currency pairs that have low spread than those with high spread, because the are usually in the trade for very few pips in pricemovement.
     
  15. Luis Suarez

    Luis Suarez Registered

    Messages:
    15
    Likes Received:
    0
    Trophy Points:
    0
    Spread can be simply defined as the basic difference between ask and bid price. Lowest spread is preferable to the traders because it enhances profit level for the traders. Spread is known as commission which is taken by broker can be small and big too. Those which are reputed brokers provide friendly spread level to the traders. With Evolve Markets broker which is based on bitcoin I have zero spread in all of their accounts.
     
  16. Alan Benedict

    Alan Benedict Registered

    Messages:
    32
    Likes Received:
    0
    Trophy Points:
    0
    Spreads are an important part in forex especially for scalpers and day traders who make a living through very small price movements. Saving a few pips by trading with an ecn broker is what I can say the best wayto maximize your potential profits. As a day trader, I made the right choice by trading through Trade12. They offer ecn services and the tight spreads they take really made a huge difference. For frequent traders like me, be smart and invest on ecn providers to get the best out of your trades
     
  17. sakura

    sakura Registered

    Messages:
    348
    Likes Received:
    0
    Trophy Points:
    0
    [SIZE=11pt]Successful traders need aptitude and intelligence to survive in the CFD market. [/SIZE]They need complete knowledge of the ups and downs and the ins and outs of the trading trends if they want to prosper. FXB Trading gives all traders the necessary educational documents so that they can learn and be in control of their trades
     

Featured Resources (View All)