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Change the spreads

Discussion in 'Beginners Bootcamp' started by m1refaat, Jan 11, 2011.

  1. m1refaat

    m1refaat Private

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    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?
     
  2. Eric Alyea

    Eric Alyea Master Sergeant

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    just so happen...

    just so happens...

    Chew on that and get back.

    maybe you need?

     
    #2 Eric Alyea, Jan 12, 2011
    Last edited: Jan 12, 2011
  3. m1refaat

    m1refaat Private

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    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??
     
  4. Pharaoh

    Pharaoh Colonel

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    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.
     
  5. m1refaat

    m1refaat Private

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    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!!!!
     
  6. m1refaat

    m1refaat Private

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  7. m1refaat

    m1refaat Private

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    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 ??
     
  8. forexSQ

    forexSQ Recruit

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    yes it is , they can increase or decrease spread , and you can move to other broker if they increase or wide spread a lot
     
  9. m1refaat

    m1refaat Private

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    Ok but

    thank's for your reply. you said yes they can change the spreads but without notice period? or must give notice period?
     
  10. m1refaat

    m1refaat Private

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    what about ForexSQ.com

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

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