Every single trader values several key aspects in trading conditions offered by contemporary Forex brokers. One of them is the spread. Forex spreads do really influence any active trader’s financial performance. The thing is that this is the biggest part of daily expenses for any trader, especially an active intraday trader or scalper. Therefore, intensive traders always look for reliable brokers with as tight spreads as possible. It is often the case when intensive intraday traders and scalpers get most of their profits offset by excessive trading costs, including wider spreads they have to pay for each trade they open and close. In such situations, intraday traders sometimes lose faith in short-term trading.
So, one of the solutions a broking company can offer intraday traders to promote intensive trading is to tighten spreads. Also, sometimes broking companies offer fake fixed spreads, i.e. they promise traders tight spreads by real spreads they charge traders with are far from being tight. Therefore, it is essential to be able to tell real spreads from fake ones.
Spreads
Indeed, more and more broking companies have to improve their trading conditions to stay afloat in the international Forex broking industry, which is getting extremely competitive these days with new companies joining it on a daily basis. Some of them announce spreads from 0 points. Apparently, such an offer is always seen as a bargain by intraday traders, which represent the biggest part of the entire community of retail Forex traders. Still, few of those traders know that zero or very tight spreads are possible only when the market conditions are ideal at the moment.
Still, ideal market conditions do not exist in reality. They can be close to ideal. Anyway, this is not the case most of the time. Ideal is needed to stimulate but it still stays unreachable. Still, there are isolated time periods when some instruments can erase the difference between the bid and ask prices, which is essentially equal to zero spreads. This is a rare occurrence. It lasts no more than 2 hours. Moreover, it happens so rarely that brokers simply prefer to ignore it.
The experts working for TurboForex, a broking company, say that sometimes when a broker mentions a spread of, say, 0,5 points, the spread may actually be bigger on execution, 1 point or higher. The thing is that it is not always about the broker. Most brokers would really like to offer their clients the best trading conditions possible.
It is all about the market itself. At this point, there is no such technology that could react to market changes instantly while the order is executed.
The inability to match the promised and actual spreads is explained by the fact that even when the order is executed instantly, the market still moves continuously even within a millisecond. Another thing that some dealing centers ignore it and leave it to professional traders to decide whether to accept those expenses or to monitor the market for narrow spreads. Still, professional traders account for 10% of the market. They cover those extra expenses by decent trading and consistent results based on experience, skills and winning strategies, not to mention their ability to stick to their trading plans and avoid emotional trading. For them, the spread is a secondary factor in trading. So, whatabouttheremaining 90%?
The answer is simple: Such traders have to work only with true, honest and reliable broking companies, which do not withhold information on spreads and other trading conditions and offer transparency along with reliability.
Luckily, there are many fair brokers in the industry. TurboForex is one of them. Still, TurboForex is one of the few broking companies that are completely transparent in every aspect, including the risks and benefits of trading Forex. At the same time, TurboForex is really set to face challenges and move forward in order to allow their traders enjoy innovative product and services in daily trading. Those products and services allow trades to offset all those inevitable expenses like spreads.
Low Costs, Big Profits
How to minimize spreads? One of the ways is to increase the speed of order execution. In this aspect, TurboForex is one of the leading broking companies. It offers almost instantaneous execution speed – the average speed is 0,5 seconds. This is very fast when it comes to online Forex trading. Such a speed really allows traders to increase the chance of getting their orders executed at the desired price.
At the same time, TurboForex makes it possible to use any trading strategy and use any software without limitations, which really improve the odds of winning. You can use anything to put the odds in your favor as a Forex trader provided that this will help you to boost your overall trading performance and ultimately enjoy consistent results.
You can trade from your PC or mobile device. You can chose between fixed and floating spreads and any leverage up to 1:500. And one more thing: TurboForex guarantees 100% safety of client funds, which is a major benefit as well!
On top of that, the preliminary results of the test drive conducted by Masterforex-V Academy experts (it is still underway) shows that the company is really reliable and flexible in every aspect of trading, including spreads.
The bottom line is that TurboForex is really worth having a try if you really value speed and flexibility couple with safety, security and comfort. For more details, please visit the company’s official website: https://www.turboforex.com
