You are right, every trader expects for a narrow spread and high leverage from a broker. Brokers also wait to allow traders with a range of facilities that are alluring. However, the cardinal thing to notice in a broker is its regulation. Regulation gets the most priority than leverage and other related facts. Eurotrader is a regulated broker and offers all necessary facilities to traders.
Honestly speaking, Earning is Forex is not easy at all. There is too many who loses money simply because they take it lightly. They think knowing minimum knowledge about Forex is good to kick off trading right away. They think they can earn good amount of money in here. But one thing I want to say in order to my trading experience , in Forex trading you like digging a hole, the deeper you dig the more chance its can turn into a well and get water.Originally Posted by Peter Suh
Those who are cautious traders never trade in pairs with high trading spread. Narrow trading spread is highly desired by traders because traders can’t gain much by trading from those pairs with high trading spread. But, when traders see volatility, they don’t care about high or low trading spread. This strategy saves a trader.
I am doing my Forex Trading with the International Broker FXOpen
They have Low Spreads in Gold and Forex Pairs with USD.
Personally, I am not a huge fan of hedging trading! There are many traders who prefer hedging, which is a risk management strategy employed to offset losses in investments by taking an opposite position in a related asset. But, this strategy is really good as long as traders can handle it nicely; otherwise it’s not auspicious for a trader.
It is usually preferable to trade in a low spread trading pair since low trading spread increases trading profit. Brokers charge a commission known as spread. The return is higher the lower the commission rate. Those that favour risk management strategies always trade pairs that provide low spreads.
I avoid trading in times when spreads are high that's why the window for trading activity with Hotforex for me is limited to 3 hours when NY and London sessions overlap and when there is peak of liquidity.
The broker has to make money and that is something that needs to be considered in this discussion. If a broker has ultra low spreads then generally the commission per lot will be higher and conversely if the commissions are low or 0 then the spreads may be higher than average. The key is to find which is most beneficial to you and get the best balance to that end.
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