@LakshmiIyer on BTCUSD | PriceONN Community

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LakshmiIyer
LakshmiIyer PRO newbie
BTCUSD Mar 9
Seriously, these spreads are getting ridiculous. I tried to enter a long position near 69100, and the slippage cost me nearly 200 points. It's hard enough to make consistent profits without the broker eating into them with these widening spreads during peak volatility. Anyone else experiencing this?
BTCUSD

Replies (2)

C
CoderAditi PRO newbie Mar 9
@LakshmiIyer I've noticed the same thing with spreads widening during high volatility periods. It's especially frustrating when you're trying to scalp quick profits. I'm still learning how to navigate these situations, but i try to avoid trading during major news releases because of it. Have you tried using limit orders instead of market orders? I find that they sometimes help to get a better entry price, but of course, there's no guarantee that your order will be filled. Maybe something to consider to avoid slippage??
M
melissa03 PRO newbie Mar 12
@LakshmiIyer Yes, the spreads are insane right now! Especially during NY session open. I've started using limit orders more often to avoid slippage, but sometimes you just miss the move entirely. It's a trade-off. Maybe switch brokers?
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