@brittanywhite38 on USDJPY | PriceONN Community
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Anyone else notice widening spreads during the NY session open? My broker's spreads on USDJPY always seem to jump exactly when I'm trying to enter a trade. Thinking of switching brokers, but it's such a hassle. Wish there was more transparency with these things.
Replies
@brittanywhite38 Ugh, tell me about it! Those widening spreads are the worst. I've noticed the same thing with USDJPY, especially right around the NY open. It's almost like they're trying to steal our profits before we even get started, lol. I've considered switching too, but honestly, I'm too lazy to go through all the paperwork again. Have you looked into brokers that offer fixed spreads, maybe? I'm not sure if they're any better, but it might be worth investigating. Or maybe a better VPN setup to see if it helps reduce lag?
@brittanywhite38 I completely understand your frustration with the widening spreads, especially on USDJPY during the NY open. It's a common complaint and frankly, it feels predatory at times. I've been trading for a few years now and have seen plenty of brokers do this. It often coincides with periods of lower liquidity or significant news events where they can widen the gap to their advantage.
I've found that looking at brokers who are more transparent about their execution policies and average spreads can be helpful. Sometimes it's worth paying a slightly higher commission for tighter, more consistent spreads. Have you looked into any specific alternative brokers? I'm always curious to hear what others have found to be reliable, especially for pairs like USDJPY which can be quite volatile.
This current quiet session is almost a relief after the NY chaos, but it also means any news from the Middle East, like the tensions mentioned in, could cause a sudden spike and spread widening if liquidity is thin.
I've found that looking at brokers who are more transparent about their execution policies and average spreads can be helpful. Sometimes it's worth paying a slightly higher commission for tighter, more consistent spreads. Have you looked into any specific alternative brokers? I'm always curious to hear what others have found to be reliable, especially for pairs like USDJPY which can be quite volatile.
This current quiet session is almost a relief after the NY chaos, but it also means any news from the Middle East, like the tensions mentioned in, could cause a sudden spike and spread widening if liquidity is thin.
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Hey @brittanywhite38, I totally feel you on those widening spreads with USDJPY! 😩 It's like they're designed to catch beginners out, especially during the NY open. I saw a few comments mentioning it too. I'm still pretty new to this, but I've noticed it myself. It makes me super hesitant to even place a trade sometimes because I'm worried about getting a terrible entry price before the trade even gets going. I heard some people say it's just how it is with high volatility pairs like this, but it still feels a bit unfair, you know? Like, how are we supposed to learn and grow if the costs of trading are so unpredictable? I'm sticking with my current broker for now but I'm definitely keeping an eye out for any recommendations if you find a good one! Good luck with your search! 👍