Trading on this platform is a bit unpredictable. For major currency pairs like EUR/USD, the spread can sometimes be quite impressive, reaching as low as 0.1 pips in the early morning hours, making it a good value for short-term trading. But for commodities like gold, the situation is different. Last week, I traded a few lots of XAU/USD, and the spread consistently hovered around 1.1 pips, nearly 0.5 pips higher than on another platform a friend uses. The most frustrating part is when the spread widens dramatically during periods of high volatility. One time, just before the non-farm payroll report came out, the spread on gold suddenly soared to 2.3 pips, leaving me hesitant to take action despite the opportunity. It's barely acceptable for day-to-day trading, but if you want to profit from the spread advantage, you'll need to think carefully.
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Trading on this platform is a bit unpredictable. For major currency pairs like EUR/USD, the spread can sometimes be quite impressive, reaching as low as 0.1 pips in the early morning hours, making it a good value for short-term trading. But for commodities like gold, the situation is different. Last week, I traded a few lots of XAU/USD, and the spread consistently hovered around 1.1 pips, nearly 0.5 pips higher than on another platform a friend uses. The most frustrating part is when the spread widens dramatically during periods of high volatility. One time, just before the non-farm payroll report came out, the spread on gold suddenly soared to 2.3 pips, leaving me hesitant to take action despite the opportunity. It's barely acceptable for day-to-day trading, but if you want to profit from the spread advantage, you'll need to think carefully.
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