Rating: Full Star Full Star Full Star Full Star Full Star
What does matter
Previous 1 2 3 4 Next
Roberto21

Member Since May 02, 2019  77 posts Roberto21 Aug 07 at 18:51
In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.

Rohtas

Member Since Aug 08, 2019  7 posts Rohtas Aug 08 at 11:53
I do not think lowest spreads makes much difference. As long as you get good spreads (around a pip) that is good enough. Most losses are due to bad trades not bad spread

togr

Member Since Feb 22, 2011  4444 posts vontogr (togr) Aug 08 at 12:08
Rohtas posted:
I do not think lowest spreads makes much difference. As long as you get good spreads (around a pip) that is good enough. Most losses are due to bad trades not bad spread


Well it depends on strategy,
some robust strategies when you open 1 trade at the time with regular sl and tp and keep it open longer will work with high spreds,
other not so robust strategies are very spread sensitive
I have strategy running on low spreads account
I mirror trades from this strategy to large investor account with spreads 7x higher than master!
So when I close profitable trades on master account it is close with low profit or even loss on high spread account.
So yes spreads are important.

I like what I trade, I trade what I like
Roberto21

Member Since May 02, 2019  77 posts Roberto21 Aug 16 at 08:12
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

PitCarry

Member Since Aug 16, 2019  8 posts PitCarry Aug 16 at 09:29
Everyone in this game seems to want get rich quick scheme but that is never going to happen. People need to learn and trading at pips school first only then can they dream of becoming rich. yes, learning is boring but all good things come to those that wait and work hard

AniLorak

Member Since Apr 18, 2017  701 posts AniLorak Aug 17 at 15:21
PitCarry posted:
Everyone in this game seems to want get rich quick scheme but that is never going to happen. People need to learn and trading at pips school first only then can they dream of becoming rich. yes, learning is boring but all good things come to those that wait and work hard


Basically; greedy traders are following shortcut way! I see; pro traders are very decent on their average target issue; they don’t setup any unrealistic target!

Mohammadi

Member Since Aug 11, 2017  553 posts Mohammadi Sep 07 at 08:04
According to my trading experience I think we the traders have to choose the broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept such as this.

Fearlesswalker

Member Since Jul 26, 2019  7 posts Kelvin (Fearlesswalker) Sep 08 at 15:47
What really does matter is your broker, cause when you will not be able to get paid it will be all about which you will be care about really. I do hope it wil work with that really and completely if needed. Do make some work out there and check reviews.

finnishpension

Member Since Sep 09, 2019  5 posts finnishpension Sep 09 at 11:18
Broker is important but as long as you get a regulated broker you will be fine. Strategy you use is of utmost importance. Get that right and $$$ get that wrong and you will be broke

togr

Member Since Feb 22, 2011  4444 posts vontogr (togr) Sep 09 at 17:56
Guys,

you are both right, good broker without withdrawals issue
and strategy working long term for you
are a must have.

I like what I trade, I trade what I like
Previous 1 2 3 4 Next
Commonwealth Bank Manufacturing PMI (14h 22min)
Saudi ForeignMin: If attack launched fro...(17 min ago)
EURUSD 1.1019 GBPUSD 1.24675
USDJPY 107.551 USDCAD 1.32646

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2019 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.