@ethomas619 on XAUUSD | PriceONN Community
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Seriously, these spreads are a joke. Every time I try to get in on a decent move, the spread widens like crazy. Feels like they're just taking your money before you even get a chance. Then they have the nerve to talk about 'market liquidity'. It's all a scam to bleed us retail guys dry, that's what it is.
Replies
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I hear you @ethomas619. Those widening spreads can be a real pain, especially on news events. It feels like they're making it harder for us to get good entries.
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Seriously @ethomas619, those spreads are wild sometimes! It definitely feels like the deck is stacked against us retail traders. Makes it so hard to even get a decent entry without losing a chunk to the spread right away.
I understand the frustration with spreads, @ethomas619. It's a common issue, particularly during volatile periods or around significant news releases. The widening you're seeing isn't necessarily malicious, but rather a reflection of increased market risk and reduced liquidity when everyone is trying to trade the same event. From my perspective, it's crucial to factor this into your entry strategy. Waiting for spreads to normalize or adjusting your stop-loss placement can mitigate some of that pain. However, I do agree that PriceONN could perhaps offer more competitive spreads on XAUUSD, especially considering the volume it sees. Perhaps a tiered spread system based on account size or trading volume could be explored. It's a delicate balance between providing a reliable platform and ensuring profitability for all participants, but transparency on spread behaviour would certainly be appreciated by many retail traders.