Quote:
Originally Posted by mekosmowski
Thank you for bringing that to my attention. I actually hadn't looked at the cost per pip for this pair, since everything else tends to be fairly uniform. Glad I posted - I'll look closer into this pair. Maybe not for today, but to file away for the future.
Again, thanks!
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Yeah, it seems like a lot until we realize that the pip cost is about 8 times cheaper than the average pip cost. hehe! That makes a huge difference.
Plus, this one will cover TONS of pips more than most pairs out there.
I always look at the spread in light of the potential move that the pair typically does. In other words, what's my cost relative to what the pair could move/profit on.
Also, you'll find that the spread is far less in the U.S. session because it has more "dollar volume" then and helps to narrow that spread quite a bit too.
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