@amit386 on XAGUSD | PriceONN Community

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amit386 PRO newbie
XAGUSD Mar 9
These spreads on XAGUSD are killing me tonight. I swear, my broker widens them right before I go to bed. It's like they know I can't watch the market and they're just waiting to snipe my SL. I need to find a better broker with tighter spreads, especially during these overnight sessions. The slippage has been brutal too. Anyone else facing this?
XAGUSD

Replies (2)

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amit386 PRO newbie Mar 9
And it's always when I'm holding a decent position too. Last week, I was up 50 pips, went to bed, and woke up to a margin call! I'm starting to think I should just close all my positions before I sleep. But then I miss out on potential gains... Maybe I should just set wider stops, but that defeats the purpose of tight risk management. Ugh, the dilemma of a daytrader.
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aallen9 PRO newbie Mar 11
@amit386 OMG, I feel your pain about the spreads! It's ridiculous how wide they get, especially overnight. I've been burned by that so many times on XAGUSD. Have you looked at any brokers that offer fixed spreads, or maybe ECN accounts? They might have lower spreads, but higher commissions. It's a trade-off, but might be worth it to avoid the spread BS. Also, maybe try setting alerts for when the spread widens, so you can manually close your position before it gets too bad? It's annoying, but better than getting margin called. It is always when you are holding a decent position too!!!
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