If you are new to Forex trading, fancy about trading in mini account with only $200 or so. Here is something to show you. This is not something new, seasoned Forex trader should be familiar with this.
430am ET, we have U.K Trade balance report, I decided to capture the changing of spread of GBP/USD and GBP/JPY provided by one of the broker I am using.
Look at that, the spread actually jumped from 6 pips (2.8 pips for GBP/USD) to 20 pips, and after 1 minute, it went back to 6 pips (2.8 for GBP/USD) . This problem has been widely discussed/complained in forums. But, there is nothing much you can do if you choose to trade with bucket shops (market makers)
This is just one of the examples, there were complaints during the last NFP (Non Farm Payroll), where spread actually went up to 200 pips!
Look at that here
So you wonder, why your stops were taken out? Maybe you need to have a closer look on this issue. This another reason I am planning to move to ECN broker after growing my small account.