My concern on lot commissions
advancedsmifser
Member Since Oct 29, 2020
34 posts
Jan 14 at 12:36
I want to trade upto 150 lots/month. I am concerned if I would chunk my higher profit margins to pay the commissions.
I am presently gathering more knowledge on forex and already into trading but not much experienced. Thank you for your help.
I am presently gathering more knowledge on forex and already into trading but not much experienced. Thank you for your help.
richardmarcus
Member Since Oct 07, 2020
93 posts
Jan 15 at 04:15
advancedsmifser posted:
I want to trade upto 150 lots/month. I am concerned if I would chunk my higher profit margins to pay the commissions.
I am presently gathering more knowledge on forex and already into trading but not much experienced. Thank you for your help.
You should first gather all the knowledge and then place the trades.
advancedsmifser
Member Since Oct 29, 2020
34 posts
Jan 15 at 12:30
richardmarcus posted:advancedsmifser posted:
I want to trade upto 150 lots/month. I am concerned if I would chunk my higher profit margins to pay the commissions.
I am presently gathering more knowledge on forex and already into trading but not much experienced. Thank you for your help.
You should first gather all the knowledge and then place the trades.
Wouldn’t simultaneous practice be a better idea?
richardmarcus
Member Since Oct 07, 2020
93 posts
Jan 16 at 04:47
advancedsmifser posted:richardmarcus posted:advancedsmifser posted:
I want to trade upto 150 lots/month. I am concerned if I would chunk my higher profit margins to pay the commissions.
I am presently gathering more knowledge on forex and already into trading but not much experienced. Thank you for your help.
You should first gather all the knowledge and then place the trades.
Wouldn’t simultaneous practice be a better idea?
yea practice on demo accounts will be better
Going live with not much knowledge of the market is a mistake. Please use demo account.
richardmarcus
Member Since Oct 07, 2020
93 posts
Jan 18 at 03:59
78678676 posted:
Going live with not much knowledge of the market is a mistake. Please use demo account.
yea i have suggested him the same thing
***RULE 1.
Stop loss 'must below 7%'
Don't flow the trade in a long time
Stop loss 'must below 7%'
Don't flow the trade in a long time
advancedsmifser
Member Since Oct 29, 2020
34 posts
Jan 18 at 12:49
78678676 posted:
Going live with not much knowledge of the market is a mistake. Please use demo account.
How about micro accounts? For a more realistic approach
advancedsmifser posted:
I want to trade upto 150 lots/month. I am concerned if I would chunk my higher profit margins to pay the commissions.
I am presently gathering more knowledge on forex and already into trading but not much experienced. Thank you for your help.
Yes, you should gather knowledge first. It is never possible to trade without acquiring research and knowledge.