The Forex Broker Spread Monitoring tool is essential to make sure brokers are in line with industry standards with spreads.
Today the common and general practice of spread widening by brokers could be killing the retail industry and “killing the Goose that lays the Golden Eggs”.
It is a bit like the elephant in the room – everybody knows it is there but nobody want to talk about it. Now and then there is a comment “be careful of announcements” but nothing is really addressing the real problem.
In general Brokers used changing liquidity as an excuse for fluctuating spreads. The size of spreads are not strictly regulated or legislated so now Broker are pushing spread widening to the extremes. And how do we know this. A few years back we designed a broker spread monitor that recorded the minimum, maximum and average spreads on our live trading accounts. In fact this monitor is now pretty standard on all Expert4x EA’s.
The post The Forex Broker Spread Monitoring EA appeared first on eagawker.com.