Forex trading reports gives some traders the data that they need to make a lot of money with day-trading or scalping techiques, but for others it just seems to bring about a gigantic wreck.
check your broker’s T&Cs if you need to trade around reports reports. Some will mechanically close your currency trades on occasions of high volatility. Others won’t permit you to open a new trade. Many brokers will increase the spread at these times and you may not be told by how much. The higher spread can be anywhere up to five times the standard spread for that currency pair.
Slippage occurs when you do not get the price that you saw on your screen. It is more common with some brokers than others because it relies on their financial model and whether they have to cover the chance represented by your trade. With some market makers you can experience major slippage even in comparatively stable times. The same applies to stop and limit orders : you’re much less sure to get the price you were expecting at these times.
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