What market is better to trade?
A) a stable market where there is only a 6 tick difference between the top and bottom.
or,
B) a volatile market where there is a 26 tick difference between top and bottom?
Now what's the price difference between
A) £4.00 and £3.75
and
B) £2.00 and £1.75
25p. In both cases, they are exactly the same.
Which is the answer to the first question.
So when laying/backing at the smaller prices, expect more 'volatile' (but as we've seen), perfectly normal, sideways price movements.
From 4 to 3.75 6 ticks
From 3 to 2.75 13 ticks
From 2 to 1.75 26 ticks