I’ve been trading with OANDA, but I’ve heard that their spreads can widen significantly during major news events. Has anyone experienced this firsthand? How do you manage your trades during these volatile times? I feel sharing these insights could help us all develop better strategies.
Spreads widen during news for all brokers.
I keep an eye on the economic calendar. I’ve noticed that OANDA’s spreads can indeed spike. I usually avoid heavy trading during major announcements, but if I have to, I ensure to set wide stop losses.
I’ve also seen OANDA’s spreads fluctuate quite a bit. During news, I prefer to scale back my positions or stay out of the market altogether to avoid slippage and unexpected costs. It’s better to be safe than regretful.