Is there anyone out there actually trading NOK, SEK, DKK? And if so...with which broker??
The spreads are INSANE!!!!
The spreads are INSANE!!!!
Is there anyone out there actually trading NOK, SEK, DKK?
Well, that is not unusual for the world of exotic pairs 
I would imagine trading those currencies only if I am going after their positive swap rates (if they have such, depends on the broker you are working with). This of course, would require hedging with a second broker and yet still those huge spreads can catch you off guard.
I would imagine trading those currencies only if I am going after their positive swap rates (if they have such, depends on the broker you are working with). This of course, would require hedging with a second broker and yet still those huge spreads can catch you off guard.
I would imagine trading those currencies only if I am going after their positive swap rates (if they have such, depends on the broker you are working with). This of course, would require hedging with a second broker and yet still those huge spreads can catch you off guard.
- #12
- Edited 12:50am Feb 25, 2017 12:32am | Edited 12:50am
- Joined Apr 2014 | Status: Trader | 1,094 Posts
- #15
- Edited 9:22am Feb 25, 2017 9:09am | Edited 9:22am
- Joined Apr 2014 | Status: Trader | 1,094 Posts
- #19
- Edited 2:10am Mar 5, 2018 1:56am | Edited 2:10am
- Joined Jul 2013 | Status: Gone | 1,106 Posts
I like USDDKK because it mirrors EURUSD as inversely proportional a lot. The spread looks high, but it is not 1:1, so it is not really as high as you think. It is about 5 pips of USDDKK for every 1 pip of EURUSD. So it is like magnifying a EURUSD candle. At OANDA, the USDDKK spread is about 10, which at 5 pips per EURUSD, it about 2 pips. A 20 pip move on EURUSD would be about 100 pips on USDDKK.
So, if you look at a micro lot, where each EURUSD pip is worth about 0.10, then each USDDKK pip is worth about 0.02. Hopefully this helps to understand that the large spread is because the pip value is very low.
For example a 20 pip move with 10 lots of EURUSD earns $2,000. The reflective trade on USDDKK is 100 pips at 10 lots for $2000. Same money. The difference is the edge. With 100 pips of movement vs 20 pips of movement, my indicators work a lot better using the larger sample size.
Remember, a lot of people make up opinions about indicators, but they are not based on any facts, lol. They generally tend to update on every tick, and are then grouped by candles. So, it is easier to measure and project statistical analysis on the pair with more ticks per candle.
If you can trade EURUSD, then the reverse trade often occurs on USDDKK. Hope this helps explain.
EURUSD
USDDKK
So, if you look at a micro lot, where each EURUSD pip is worth about 0.10, then each USDDKK pip is worth about 0.02. Hopefully this helps to understand that the large spread is because the pip value is very low.
For example a 20 pip move with 10 lots of EURUSD earns $2,000. The reflective trade on USDDKK is 100 pips at 10 lots for $2000. Same money. The difference is the edge. With 100 pips of movement vs 20 pips of movement, my indicators work a lot better using the larger sample size.
Remember, a lot of people make up opinions about indicators, but they are not based on any facts, lol. They generally tend to update on every tick, and are then grouped by candles. So, it is easier to measure and project statistical analysis on the pair with more ticks per candle.
If you can trade EURUSD, then the reverse trade often occurs on USDDKK. Hope this helps explain.
EURUSD
USDDKK
You cannot be extraordinary by being normal
- #20
- Dec 29, 2018 11:47am Dec 29, 2018 11:47am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
