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Getting stopped out by a spread of 9.

 
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Disciplined Profit

Getting stopped out by a spread of 9.

Hi everybody. I am a newbie. This is extremely fun. Made it to Silver Level I. Was just stopped out by a spread of 9. I'm working on finishing the 1 hour trades and starting to grapple with 5 seperate 24 hour trades. So I need to set the stop/loss far enough away to account for this serious spread? Wow.

Tue, 09/03/2019 - 4:58pm
 
FXGold54

Bill, trading between 4pm est and 7 pm est., will leave you open to increased spread fluctuations.

Allen

 
Kenny

That explains a question I had before but may I ask why that is the case?

Thank You,

Kenny

 
FXGold54

Kenny;

essentially it is the slowest time of the day. NY is closing and Sydney is the smallest market. just no big players, so the brokers protect themselves by widening the spread.

 
Disciplined Profit

Thank you both.