And what? Cost of trade is spread + markup + commission.
The total amount counts not just spread or just commission.
+ execution, latency, leverage, support, withdrawal...
Give some better if you know some:)
Cost of trade is: spread + markup + commission ((proportional Lotsize) ) => very bad broker.
Cost of trade is: spread + commission (proportional Lotsize) => bad broker.
Cost of trade is: spread + commission (NOT proportional Lotsize) => Better broker.
Let's remember that a broker is 100% winning because we feed them twice every single trade.
Here we are a community of retail traders. We have the potential to change things because we are so many.
I propose to create a new type of broker:
A 'retail' Broker designed by retail traders for retail traders.
If we do so, we will all be more profitable as actual conditions can kill some of us.
If you are with an ECN broker that applies commission... please go to see all your own accounts and check commissions eanrt by your broker. After years, this is going to be inane amount. It can be over your initial deposit.
If you trade with no commissions... The cost would be twice this amount lol.
Obviously this 'retail' broker will provide same quality of service ( + execution, latency, leverage, support, withdrawal... )
'Yes we can' if we all want to make it change.
That's waste of time. Stop accusing the brokers. There are obviously some very bad but if you earn $1 each trade why do not let broker has its share like $0.1. Focus your energy to have good trading system. Stick to it.