FxPro EUR/USD — Spread, Cost, Swap and Volatility (Measured)

EUR/USD spread and cost (measured)

What EUR/USD actually costs on FxPro’s Raw+ feed, measured tick by tick, and how the spread compares with an independent interbank reference feed:

All-in cost is the spread plus the $7 Raw+ commission per standard lot; break-even is the move needed to cover it. Full distribution on our live spreads page.

When to trade EUR/USD

The hours with the most price range for the spread you pay (measured tradability), in FxPro server time with IST in brackets:

Thinnest hours, where range barely covers the spread: 01:00 (12:30 IST), 22:00 (09:30 IST), 23:00 (10:30 IST). Server time is about UTC+3.

EUR/USD overnight swap and carry (measured)

What it costs (−) or pays (+) to hold EUR/USD overnight, and the net cost to hold over time (spread plus accumulated swap), per standard lot:

Carry % is the annualised swap yield; a negative hold cost means the position earns over that period. All pairs on our swap rates page.

EUR/USD volatility and daily range (measured)

How much EUR/USD actually moves — useful for sizing stops, targets and weekend risk:

Average daily range is the mean high-to-low; volatility is annualised from daily closes; the weekend gap is the average Friday-to-Monday jump.

EUR/USD trading character (measured)

The measured personality of EUR/USD — how it tends to move, handy when picking a strategy:

Market style (trending vs mean-reverting) comes from the efficiency ratio; up days is the share of days that closed higher; downside volatility annualises only the losing days. Measured over the recent window — not a forecast.

EUR/USD order execution (measured)

How real market orders filled — speed, slippage and rejects by order size:

Small sample (a few round-trips per size); indicative.

Why one instrument makes a practice month readable

Learning shows up as repetition. If the same instrument appears in thirty entries, the second half of the month can be compared against the first: the same conditions, the same normal daily movement, the same cost line, and only your decisions varying. That is a controlled comparison, and it is available for free to anyone willing to be bored for a few weeks.

Scatter the same thirty entries across a dozen symbols and the comparison disappears. Every trade becomes a first attempt on something whose behaviour you have not learned yet, and the review has nothing to hold against anything. Beginners usually read that as a run of bad luck, because from the inside it looks exactly like one.

The measured profile above is the reference for that comparison: what this pair typically costs to enter, how far it usually travels in a day, what holding it overnight involves. None of that has to be remembered - it only has to be somewhere you can check it while writing an entry.

Chasing what moves, and how it reads in the record

The most common first-month mistake is not a bad trade. It is a new instrument every week, each one chosen because it was moving at the moment attention landed on it. It feels like initiative and it destroys the review.

In the order history it is unmistakable: each entry on a different symbol from the one before, and no symbol appearing often enough to say anything about. In the journal the reason lines stop referring to any plan and start describing the screen - it was moving, it looked strong, it had broken out.

The fix is deliberately unexciting. Pick one instrument, trade only that for a month, and write the same entry lines every time. The cost of the restriction is a few missed opportunities. The return is the first month of your own trading you can actually read, which is the only thing that makes the second month different from the first.

What to write when the instrument is fixed

With the symbol constant, the entry lines get shorter and more useful. Direction and reason, the level that would prove the idea wrong, the cost you expected, and your state of mind at entry - four lines, and none of them need to explain what the instrument is.

The state-of-mind line is the one beginners drop first and the one that explains the most at review. It does not need to be introspective: one word is enough, and words like bored, rushed or annoyed appearing next to the worst trades of the week is a finding you will not get from the history alone.

At the end of the month, read all the entries on that one instrument in order. What you are looking for is repetition - the same reason producing the same result, or the same state of mind preceding the same mistake. Then, and only then, is it worth adding a second instrument, which is where the gold profile becomes relevant.

A one-instrument practice month, in the order that leaves something to review

1. Fix the instrument before the month starts and write it down, so switching becomes a decision rather than a drift.
2. Read the measured profile above once, then leave it open as a reference rather than trying to memorise it.
3. Write four lines at every entry: direction and reason, what would prove it wrong, expected cost, and one word for your state of mind.
4. Do not add a second instrument mid-month, however tempting the alternative looks - the comparison is the product, and one substitution ruins it.
5. At month end, read the entries in date order and name one repeating pattern; if you cannot name one, repeat the month rather than expanding it.

Boredom is the cost of a readable month. It is a lower price than a month of unrelated trades that teaches nothing.

One instrument for a month, or a dozen: what each month leaves behind

The right-hand column is not a worse trader. It is the same trader with a record that cannot be read.

Entry lines on a fixed instrument, and what each is for

Five short lines take under a minute at entry and are the only part of the month that cannot be reconstructed afterwards.

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