@ryanthomas on XAGUSD | PriceONN Community
R
I swear, these spreads are getting ridiculous. Slippage on XAGUSD is eating into my profits more and more lately. Anyone else experiencing this with their broker? It's making it tough to hold positions long term when you're constantly fighting the broker's cut.
Replies
R
And another thing about these spreads... it's not just the initial entry, it's the exit too! Makes scaling out of positions strategically almost impossible. I'm considering switching brokers just for better execution on silver. The oil shock news isn't helping mining costs either, so silver could get even more volatile.
Bro @ryanthomas, I feel you on the spreads, it's brutal. Especially when you're trying to scalp or just catch a quick move on XAGUSD. This whole silver price rising on Friday according to PriceONN data felt like a trap with how fast it reversed. I swear my broker adds like an extra 10 pips to the spread when I'm trying to get in on a breakout. It’s like they know. I'm on 50x leverage so even a few extra pips on entry and exit kills my P&L before the trade even starts. Might need to switch too if this keeps up, it's making those news-driven moves impossible to catch cleanly.