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My concern on lot commissions

Shelby10
Feb 25 at 10:51
140 zpráv(a,y)
to become a good trader in this market you have to gather all kinds of knowledge about trading and about the market.

advancedsmifser
Feb 25 at 12:49
35 zpráv(a,y)
robindude posted:
Garyneville221 posted:
jamesmaxwell52 posted:
I don’t think that a new trader should go for large investments in the beginning. You must wait for some time until you obtain enough knowledge to manage your investments and prevent risks.

Large investments as a beginner might also mean big losses that may dishearten you as a trader. So, it’s better to keep the investments low and save yourself from unnecessary losses.

So true. It can be very useful if you can also learn how to do money and risk management.

Any tips would be helpful, I am as it is not risking more than 1%

PercymcDonnell54
Feb 26 at 04:49
23 zpráv(a,y)
It’s good that you are aiming at making great profits in the forex market. But if you focus solely on making money, you won’t get what you want. It is your skills that get you profits in the long run.

richardmarcus
Feb 26 at 05:19
104 zpráv(a,y)
PercymcDonnell54 posted:
It’s good that you are aiming at making great profits in the forex market. But if you focus solely on making money, you won’t get what you want. It is your skills that get you profits in the long run.

rightly said

Coreyarren
Feb 27 at 12:06
28 zpráv(a,y)
Garyneville221 posted:
jamesmaxwell52 posted:
I don’t think that a new trader should go for large investments in the beginning. You must wait for some time until you obtain enough knowledge to manage your investments and prevent risks.

Large investments as a beginner might also mean big losses that may dishearten you as a trader. So, it’s better to keep the investments low and save yourself from unnecessary losses.

Yes, it is smart to start small and keep the investments low in the beginning. Also a good idea to risk a small percent of your trades to stay in sync with risk management.

LyudmilLukanov
Feb 27 at 17:29
588 zpráv(a,y)
PercymcDonnell54 posted:
It’s good that you are aiming at making great profits in the forex market. But if you focus solely on making money, you won’t get what you want. It is your skills that get you profits in the long run.

In my opinion, traders should focus on learning rather than making money.

Lorencecolling
Mar 01 at 09:58
49 zpráv(a,y)
Some newbies only look at profits which is not at all a good thing to begin with. Focusing on developing new skills and learning new things about forex is the way to go. Just looking at profits and money can be dangerous for them.

Johnathankim
Mar 01 at 11:56
29 zpráv(a,y)
You don’t have to compromise with the profit margins when you clearly have the option to switch your broker. Just pick one with a lower transaction fee and you’ll be fine.

robindude
Mar 01 at 12:02
103 zpráv(a,y)
advancedsmifser posted:
Any tips would be helpful, I am as it is not risking more than 1%

1% is fine, even 2% is the maximum that many can hope and to achieve without risking too much. I have been getting 1.5% to 2% risk management for the most of my trades and I am pretty happy with that.
And for the tip, pick one pair and try to stay trading with the same one. And consider using limit order.

Lorencecolling
Mar 02 at 09:54
49 zpráv(a,y)
Johnathankim posted:
You don’t have to compromise with the profit margins when you clearly have the option to switch your broker. Just pick one with a lower transaction fee and you’ll be fine.

I kind of agree with you on this one. I had the same issue but then a friend suggested I should move to another platform that was charging less. I also did the same a while back by shifting to Etoro and Fxview. The commissions have been low. And I only trade major currencies, mostly eurusd, so the spraed cost is also manageable. Makes a slight difference but even a marginal profit is better isn’t it?!

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