Forex SSR 4

By Xtreme Pip Poacher

Currency trading stories gives some traders the information that they have to make a large amount of cash with day trading or scalping techiques but for others it just seems to lead to a big wreck. take a look at your broker’s conditions if you want to trade around news press releases. Some will automatically close your currency trades at times of high volatility. Others won’t allow you to open a new trade. Higher spread can imply that you end up losing on a trade where you presumed you made a profit, so it is exceedingly important to take this into account. The higher spread can be anywhere up to five times the ordinary spread for that currency pair.

Slippage happens when you do not get the price that you saw on your screen. With some market makers you can experience significant slippage even in relatively stable times. The same is applicable to stop and limit orders : you are far less sure to get the price you expected at these times.