Abstract：In forex trading, the spread is the biggest cost of trading. The spread is the difference between the bid and ask price, and the lower the spread the better for the trader.
In forex trading, the spread is the biggest cost of trading. The spread is the difference between the bid and ask price, and the lower the spread the better for the trader.
And different brokers will have different spreads on the same product, especially some unregulated platforms. Here we compare the cryptocurrency spreads between [Etoro] and [ICMarket]
You can see that the spread on the same product at [Etoro] is [10 times] higher than at [ICMarket]!
[10 times]! Buying a single lot of bitcoin at Etoro will result in a direct loss of $50, so be careful!
USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards. USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131. After a round of US economic data, suggesting the US Federal Reserve (Fed) could begin to hike rates in 25 bps sizes. Therefore, the Japanese Yen (JPY) strengthened, so the USD/JPY is down 0.24%. At the time of writing, the USD/JPY is trading at 129.92.
EUR/USD holds at around 1.0860s as traders brace for the Fed and ECB's decisions. The US core PCE, the Fed's preferred gauge for inflation, edges down, sparking speculations for a Fed pivot. Consumer Sentiment improved, while inflation expectations ticked lower.
SUNAC is an HK-based broker that has attracted our attention recently due to so many complaints. This article will give you some basic information about this broker.
City Index, a StoneX subsidiary, allows traders to take positions when others cannot. Clients of the broker may trade real-time US tech profits with extended trading hours and reduced commissions.