What Are Spreads In Forex? (EVERYTHING YOU NEED TO KNOW)

"I would suggest is always keep day trading as something you can do but start with swing trading so you get the hang of everything start with swing trading practice here until you're actually profitable swing trading because if you're not profitable on higher time frames if you're not capable of actually becoming profitable there then you're not going to be profitable day trading either so really what I'm preaching here is patience patience in your trading journey be sure you can be profitable in higher time frames"

"if you said stephen i'm not listening to you i'm not going to swing trade i want to go down on smaller time frames right now well if you do one of the things you could do in order to keep the spread from affecting your trades so much is only trade currency pairs that have a very low spread The top five major pairs normally have very low spreads"

"you want to be trading away from times like 5 p.m and 5 p.m is really I've seen spreads really low right now it's 2 30 a.m and since it was probably somewhere near 10 p.m spreads have been super low unlike the euro dollar and other major currency pairs so really the only time you want to avoid I guess you could say is something like between 4 p.m and somewhere near 9 00 pm those times I would completely avoid trading especially on lower time frames because spreads are going to be a bit higher than usual during those times"

"Until you get to a point where you are consistently profitable over a long period of time and you just want a commission-based account because you have a pretty large account size and it you you can tell you'll be so experienced at that point that you'll know if a commission-based account is right for you or not so what I'm telling you now is I would probably shy away from a commission based account even though it does help you with spreads it's going to cost you money and with a small account it's a cost you really can't afford to lose at this exact moment"