Trade only during the highest volume trading hours. For example, when more buyers and sellers are in the market that is when it is the most favorable time to trade. Competition for this business increases as the number of buyers and sellers for a given currency pair increases and Market- Makers are often able to narrow their spreads to capture it.
Avoid buying or selling thinly traded currencies. When you trade popular currencies, such as the GBP/USD pair, Market-Makers compete for your business. If you trade a thinly traded currency pair, there may be only a few market makers to accept the trade,and reflecting the lessened competition, they will maintain a wider spread.
How "Spreads Cost" is calculated using this formula:
(Spread) x (Pip Cost) x (Number of Lots Traded) = Spread Cost
Website MiFID II Complex Products Disclaimer: Rolling Spot FX Contracts and CFD’s are complex products which come with a high risk of capital loss due to the embedded leverage in these products. Market statistics indicate that 80% of retail investor accounts lose money when trading FX and CFD’s. You should carefully consider whether you understand the risks associated with these kinds of products and whether you can afford to assume the risk of losing your money.
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