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    Thread: How to manage and minimize the spread?

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    1. #1
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      Default How to manage and minimize the spread?

      There are some pairs which are more volatile than others but there are also big spreads.

      It is possible for us to minimize the spread of these kind of pairs and make maximum profits?
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      This beyond our control because every broker have its spread and we can't control on any spread but there's some things can make us avoid the high spread :

      1- at night spread always be high because the market always be very slowly at this time so the best is to avid trading at night .
      2- when we have any important news spread also always be very high so the best is to avoid trading while the important news .
      3- some pairs as gbp/jpy have very high spread so if we don't have good experience about gbp/jpy we can avoid trading in it .
      4- we can trade only in usd/jpy, eur/usd and gbp/usd because these pairs always have small spread .

      So we can't control on the spread of any broker but we can follow the above advises to avoid the trading while the times that have high spread .


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      you do nothing to the spread that your broker is offering you because you absolutely have no control over it, but if the spread is too much for you then you have a choice of changing your broker to the one that will suit your taste because we have several thousands of brokers online .


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      Default How to manage and minimize the spread

      It does not matter how much spread a currency have because if you sure about your analysis then you can set your position in market. Many currencies pair like GBPJPY, GBPUSD, have big spread but these currencies pair are very volatile so don't thing if these have big spread because you will earn very fast in these pair then other.


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      You can't reduce the spread when you are trading, you can only choose a trading account or get cashback.
      Really there is no way to reduce your spread while you are trading in the forex market.


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      Default

      Lol, this is very much impossible, yes The spread can change but this only happens with the help of our brokers, on a nutshell we we manage spread, the only thing we can do as a trader is avoid the pairs with the higher spread, but we should know that big spread doesn't means such pair is not good to trade, in fact I think most of those spread are very volatile which can makes them to be very profitable.


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      Spread is the fee of brokers who open our trades. so when open our trades, our trades opens with some losses which called spread and it is cut by the brokers as their working fee for opening our trades in their broker house. As it is their own matter, so we have nothing to do in here. But different brokers have different types of spread. So you can find them according to your choice before opening accounts.


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      When you are trading a forex account with fixed spread, then you cannot minimize the spread because it is fixed. If the account is of the variable spread type, the you can choose to trade when the spread is minimal.
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      It's very hard to get control on brokers and ask them to keep low spread better we should choose those pairs have already low spread avoid trading in which have big spread we have to check out all those pairs also avoid the trade during news coming that time mostly brokers change the spread we can control these things with hard work to get knowledge about pairs spread.


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      I think spread is of course a problem for some of pairs. Because we see some pairs are too much spread. There is no chance to minimize spread for those pairs. I think it is most and a big problem who are scalper. In my personal experience we should trade those pairs who are low spread. We should trade in pairs that are tolerant spread because we are not long term trader.


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