Hi Guys,
So i'm using a Trading 212 demo account at the moment and seem to find that every time I want to buy into the market, whatever it may be, my buy in price is always much higher than the actual price at the time. Same for selling.
Now i understand these guys have to make money but is this spread so large because they aren't a very good broker or are they all like this.
To give you an example, right now im looking at EUR/USD on the 5 minute time frame. The current market price is 1.07795 and for me to buy in they are offering me 1.07804 so im at an instant disadvantage. It makes it quite difficult to set SL and TP also. Can anyone shed any light on this and is this the industry standard.
Thank you in advance, hope its not a silly question.
Regards.
So i'm using a Trading 212 demo account at the moment and seem to find that every time I want to buy into the market, whatever it may be, my buy in price is always much higher than the actual price at the time. Same for selling.
Now i understand these guys have to make money but is this spread so large because they aren't a very good broker or are they all like this.
To give you an example, right now im looking at EUR/USD on the 5 minute time frame. The current market price is 1.07795 and for me to buy in they are offering me 1.07804 so im at an instant disadvantage. It makes it quite difficult to set SL and TP also. Can anyone shed any light on this and is this the industry standard.
Thank you in advance, hope its not a silly question.
Regards.
Entering the market
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