Adding to this, if I may:
What's the best Forex spread to choose, Dynamic or Fixed?
- For long-term traders = Dynamic
- For day traders & scalpers = Fixed
Why? For long-term traders who trade the higher timeframes (also known as position traders), dynamic spread is the best option because you can enter and exit the market during times when the spread is low.
For regular, day traders who trade the lower timeframes and scalp (timeframes below the Daily chart), fixed spreads are a better option, as you're able to trade with a decent spread which won't drastically change due to the high volatility.
