can someone explain this to me ?

[papanaa]

Hello,
Im new to forex and wanted to ask a question that I'm sure is very easy. Today I bought USDHUF at my demo account at 190.21 but in the graph it made my buying spot at 191.00 which sucks. Why is this happening and how do I know when will the actual buy price raise so sharp or sell price falls deeper than I actually bought it.

TIA

 

[Enivid]

Maybe the reason is in the spread?

 

[2bealive]

It should be kept in mind papanaa that the signals eceived in a "Demo" account are usually different that those in "Live" Accounts. And also, Enivid probably hit it on the head; the spread plays a big role in trading.

Good luck with your trading.

RT... 😎

 

[Numa]

I would agree with Enivid, it is probably the spread. And beyond, that's the challenge to correctly estimate whether the price falls or rises ;-)

 

[FXGroundworks]

Pairs such as the USDHUF will have a big “spread” meaning the difference between the buy and the sell. If you stick to the majors like the EURUSD, USDCHF, USDJPY, GBPUSD, you will find that their spread is much smaller, 1-3 pips typically. The USDHUF is more of an exotic pair that does not have a lot of volume to tighten the spread.

 

[eyeball]

Stick to pairs with lower spreads and greater liquidity.your entry point will be reasonably close to your chart point and you'll minmize the risk of unwanted negative slippage. Better yet, if possible, enter your orders away from the current market price with a limit order. Your order may not get hit (executed), but if it does it will be at your desired price

 

[Fxpipper]

Spreads..

If you're worried about spreads, you may want to opt for an ECN account. The spreads are low and the quotes, damn accurate with no slippage or requotes.