Change the spreads

[m1refaat]

Hello Traders,
I am pleased to join you,and I want to ask about change or increase the spreads on holidays by Forex providors?
is that normal?

 

[Eric Alyea]

just so happen...

just so happens...

Brokers are Whore’s

Is there any part of that language except, my misspelling that you do not understand?
Test customer serves by initial contact.
Test customer serves by initial deposit and withdrawal.. I.e. ($300...I did a test account with/on your platform... It is not for me, give me my money back???).
If you can't get your money back on a $300 test account??? Complain to the customer service's the didn’t work for you from the git-go???
If they can’t do that and they don't talk to you.... guess what???

I never do buy & sell on the same account EVER. Finish one before the other. They will cancel each other and you will always lose. What ever broker. That is “Hedging” don’t get me on that topic. (To much information... is what my friends say)

Also 22 Oct. Was a Friday. I ran into it and NEVER trade late Fridays and/or early Sundays. They ( many brokers) have a spread difference in the fine print for that time period (it really pissed me off the 1st time). You have to watch out for that. What you click on is NOT what you get on Fri/Sunday!?!?

Chew on that and get back.

maybe you need?

It’s all been written before you just have to know where to look.
Reading is your best tool in the fight .
To jump right in, go to the "Forex Basics Boot Camp" (under the "Forex Signals & Education" tab):
https://www.forexpeacearmy.com/forex-forum/forex-basics-boot-camp/
You will find things like:
https://www.forexpeacearmy.com/forex-forum/forex-basics-boot-camp/2333-how-select-forex-broker.html
https://www.forexpeacearmy.com/fore...ose-all-your-money-managed-forex-account.html
https://www.forexpeacearmy.com/fore...w-trade-fpas-forex-daily-trading-signals.html
and others.

Then:

Find and get familiar with the:
“New Posts”
“Glossary”
“Search”
tabs in the green bar on top of the page. If you have a question do a “Search” for it first. Like I said in the opening line: “It’s all been written before you just have to know where to look.” (Did I mention “Search” tab??) That should keep you busy for a while. You will find other articles like:
https://www.forexpeacearmy.com/fore...inner-forex-traders-lose-all-their-money.html
https://www.forexpeacearmy.com/fore...-new-privates-responsibilities.html#post21134
https://www.forexpeacearmy.com/fore...ate-1st-class-responsibilities.html#post22564

Then:

https://www.forexpeacearmy.com/forex-forum/basic-training/

Also try Baby Pips education http://www.babypips.com/school/?gclid=CIr6ypSgnaYCFQPsKgodJTA5nA

Alpari Academy Video Tutorials (MT-4), are good: http://www.alpari.co.uk/en/alpari_academy/video_tutorials.html (You may have to click on, “Download This Video”)
Any other tutorial costs money :err:.
Then you'll have more questions, put them here in "Beginners Bootcamp", where you put this one, to start off with.

Also, “Any one that has benefitted from this post”, has the responsibility to quote and re-post it to another Newbie. Re-Posting it to a Newbie, under your name is a “Significant post”.
Anything I forgot or you want to add Pharaoh?

 

[m1refaat]

increase the spreads

So if the brokarage says that the spreads are fixed?
all the time what if he increased the spreads sudnly on the end of the year??

 

[Pharaoh]

Some brokers claim fixed spreads. They then typically use 1 of 2 tactics to prevent this from costing them money.

1. You get to experience the joy of large slippage and many requotes while your broker claims "fixed spreads all the time".

2. You find out that the fine print says "fixed spreads under normal market conditions" or something similar to that. This means times of volatility mean wider spreads. It also means times of low liquidity (like around the end of the year) mean wider spreads.

 

[m1refaat]

Thank you for your great info

what happened with me is my brokarage policy says the spreads are fixed all
the time in all conditions for that I hedged my positions - but they increased
the spreads on 31-12 and I've lost all my money!!!!

 

[m1refaat]

you can check

you can check on their website / Islamic Investment, Forex Trading, Commodities Brokers, Oil Trading - AFB
and you will see what they said about their fixed apreads
all times.

 

[m1refaat]

what they did

they puplished a message on 30-12 to say the trading time and at the end of it maintioned some words about increasing the spreads!!
is that legal ??

 

[forexSQ]

they puplished a message on 30-12 to say the trading time and at the end of it maintioned some words about increasing the spreads!!
is that legal ??

yes it is , they can increase or decrease spread , and you can move to other broker if they increase or wide spread a lot

 

[m1refaat]

Ok but

thank's for your reply. you said yes they can change the spreads but without notice period? or must give notice period?

 

[m1refaat]

what about ForexSQ.com

is it a good company? is there change their spread as well?