hello why that bugg on Ctrade spread make me lost 1000$ please check my history at 4am to 5 am they scam money at that time it takes automatically.

Created at 16 Aug 2023, 21:18
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htetpaingkyaw1235

Joined 16.08.2023

hello why that bugg on Ctrade spread make me lost 1000$ please check my history at 4am to 5 am they scam money at that time it takes automatically.
16 Aug 2023, 21:18


Why is that happen i already won at eurjpy 300$ with on top but that spread make my money lost and the 2 line is so far like a hole map 
is that a big scam any reason for that ?


@htetpaingkyaw1235
Replies

firemyst
17 Aug 2023, 00:50

Yes, there is a reason; you obviously don't understand some aspects on how the markets work.

Here's two links to help you better understand:

https://quant.stackexchange.com/questions/38527/forex-why-does-spread-peak-at-2200-gmt#:~:text=22%20GMT%20is%205pm%20nyc,can%20close%20the%20day%20flat.

 

https://www.forex.academy/why-does-the-forex-get-weird-at-5pm-usd/

 

If you get huge spreads outside of 5-6pm New York time, it could be because there's a major news release that's affecting the pair you're trading.

 

To avoid being taken out by the sudden huge spreads, some traders may do the following:

  1. change the type of stop-loss they have (for example, “opposite side”, “double trade side”, etc)
  2. remove their stop loss for the short period the market reset happens
  3. not trade during these periods (market reset, new release, etc)

You have to decide what's best for you and your trading.


@firemyst

fx.pro
27 Sep 2023, 13:26

Using stoploss is the best way to wipe Your account.


@fx.pro