Description:
In the world of forex trading, brokers typically earn their keep through the difference between ask and bid prices, commonly known as spreads. These spreads can significantly impact your trading costs, so it's crucial to choose a broker that offers competitive rates.
For day traders, especially, having a broker with low spreads can make all the difference. However, spreads can fluctuate throughout the trading day, and many brokers don’t always deliver on their promises of tight spreads. So, how can you verify if your broker is truly offering the best rates? That’s where SpreadProbe comes in handy!
SpreadProbe is designed to benchmark and compare spreads, giving you the insights you need to make informed trading decisions. Once the analysis is complete, the results are saved in a file located in the "experts\files" folder. This file will include three key columns: start time, end time, and the average spread for that interval. By default, the interval is set to 15 minutes, making it easy for you to track changes over time.
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