By Justin LeBlang of MB Trading.
There’s a constant debate raging in the FX community about which is preferred: Tight spreads with commissions for the transaction or wider spreads without commissions.
Setting aside for the moment the difference between a broker that is trading against you and what that broker’s interests might be, there are real-world considerations that apply here. For many technical traders, pricing in the FX world is very specific. When you see a Pivot point or a Gann number or a Fib Level or any other flat resistance or support number, a lot of times the larger banks will line up their liquidity at those prices. When that happens, the precision of the quotes displayed becomes very important. The extra
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