Eur/gbp !

Anyone trading this pair? Some bucketshops are offering 1.5 pip spread for this. :eek:

Kind of choppy but trends not bad from time to time.

 

I do trade EUR/GBP with CMC

Right now i'm short with a stop above ...70

 

hows their spread like? 2pips?

 

they spread is three points,

 

oanda is 1.5 pips.

 

3 pips is huge and you are making it very difficult for yourself to succeed. If you think the rate is approximately half the euro dollar rate or a third the cable then your equivalent spreads are 6 pips and 9 pips respectively. Would you think you would make money on a 9 pip cable price?

 

thank you guys for your advice, i'm long term trader so 1 or two points do not make a great deal for me,

Cheers, Liri

 

does that pair trend a lot? seeing GBP in it should mean its quite volatitle like GBP is? hows the natural volatility? higher than eur/usd?

 

not allways, there are few times that it gives you hard time

 

which one moves more? EUR/USD or EUR/GBP?

Like GBP/USD moves much more than EUR/USD (both in ranges and trends).