@idris9782 on BTCUSD | PriceONN Community
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Seriously, these spreads on BTCUSD are killing me. I entered a long position at 75850, and the spread was like 150 points! By the time the price even moved slightly in my favor, I was already fighting an uphill battle. And then slippage on the exit? Forget about it. I tried to close my position at a small profit, but the platform pushed me out way lower than I wanted. It's like the brokers are designed to take your money before the market even does. Makes me wanna just go all-in on 100x leverage and hope for the best because at least then the risk is clear, not hidden in fees and bad execution.
Replies
Hey @idris9782, I feel you man. These spreads can be brutal, especially when you're just starting out and trying to make every pip count. It's like you're already in a deficit before the trade even has a chance to breathe. I've seen spreads on BTCUSD get really wide during news events or when volatility spikes, but 150 points on entry sounds rough. Did you manage to exit that position? Sometimes it's better to take a small loss on the spread and slippage than to let a bad trade bleed you dry. For beginners, I always suggest looking for brokers with tighter spreads, even if the commission is slightly higher. It often works out better long-term. Also, make sure you're trading during sessions with good liquidity, like the London or New York overlap, to minimize slippage.
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Seriously @idris9782, those spreads are wild! 😩 I remember feeling the same pain when I first started. It's like paying a toll just to get on the highway, and then the highway itself is bumpy. I usually try to enter during the Asian session when things are a bit calmer, but even then, slippage can be a killer. Have you looked into brokers with tighter spreads for BTC?