High Spreads, High Stakes: Turning Volatility into Profit

trading the oil one day, I found that Textrade was offering higher spreads than usual. For many traders, this might be a sign to steer clear, but I sensed an opportunity. This high spread, in my view, represented higher volatility and thus, a chance for greater returns. Formulating a careful strategy, I entered the trade. The market swung unexpectedly due to a sudden geopolitical event, but it was in my favor. The unusually high spread translated into a significantly higher profit than I would usually make.