Stating usdtry pair as exotic.
And quoting from investopedia
Doesn't mean that you can run away from the questions that why was info given of the newly pair by email.
When you can provide signals through emails and account statements?
Why there is no info shared?
And quoting from investopedia
Doesn't mean that you can run away from the questions that why was info given of the newly pair by email.
When you can provide signals through emails and account statements?
Why there is no info shared?
Dear Sir!
Please, kindly let us repeat once more time for you the main points of our previous replies.
USDTRY is an exotic currency pair, extremely volatile on its own, but even more unpredictable lately due to economic situation in Turkey.
Consequently, the spread can widen at any time.
On our site it is stated that USDTRY is an exotic currency pair, which implies that it can be very unstable and the spread can widen drastically.
Please, kindly let us quote the Investopedia here:
"An exotic currency is a foreign exchange term for a thinly traded currency. Exotic currencies are illiquid, lack market depth and trade at low volumes. Trading an exotic currency can be expensive, as the bid-ask spread is usually large."
Here is the link to the article - https://www.investopedia.com/terms/e/exotic_currency.asp
But more than that, you were informed about the current spread right before you have opened the order, since the spread was shown in the Market Watch as well as on the left upper corner of the chart field (there the current Bid and Ask prices are shown).