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My concern on lot commissions
Mitglied seit Oct 29, 2020
35 Posts
Jan 14, 2021 at 12:36
Mitglied seit Oct 29, 2020
35 Posts
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.
Mitglied seit Oct 07, 2020
104 Posts
Jan 15, 2021 at 04:15
Mitglied seit Oct 07, 2020
104 Posts
advancedsmifser posted:You should first gather all the knowledge and then place the trades.
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.
Mitglied seit Oct 29, 2020
35 Posts
Jan 15, 2021 at 12:30
Mitglied seit Oct 29, 2020
35 Posts
richardmarcus posted:Wouldn’t simultaneous practice be a better idea?advancedsmifser posted:You should first gather all the knowledge and then place the trades.
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.
Mitglied seit Oct 07, 2020
104 Posts
Jan 16, 2021 at 04:47
Mitglied seit Oct 07, 2020
104 Posts
advancedsmifser posted:yea practice on demo accounts will be betterrichardmarcus posted:Wouldn’t simultaneous practice be a better idea?advancedsmifser posted:You should first gather all the knowledge and then place the trades.
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.
yana hansen (78678676)
Mitglied seit Oct 16, 2020
137 Posts
Mitglied seit Oct 07, 2020
104 Posts
Mitglied seit Oct 29, 2020
35 Posts
Jan 19, 2021 at 01:42
Mitglied seit Jul 19, 2020
788 Posts
advancedsmifser posted:Yes, you should gather knowledge first. It is never possible to trade without acquiring research and knowledge.
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.
Mitglied seit Oct 29, 2020
35 Posts
Mitglied seit Oct 29, 2020
35 Posts
Jan 19, 2021 at 12:38
Mitglied seit Oct 29, 2020
35 Posts
AliaDare posted:I am actually doing that, in fact I’m on the verge of thinking if I’m overdoing the learning bit :) should just take the plunge now I supposeadvancedsmifser posted:Yes, you should gather knowledge first. It is never possible to trade without acquiring research and knowledge.
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.
Mitglied seit Jun 30, 2020
47 Posts
Mitglied seit Sep 30, 2020
58 Posts
Jan 21, 2021 at 09:48
Mitglied seit Sep 30, 2020
58 Posts
No one wants to spend so much on commissions and because of that a lot of new traders end up using very low cost brokers and get scammed. So don’t just look for the commission rate and try to analyse other aspects as well. If you find a broker that is too good to be true, don’t trade with it. There will be some hidden surprises there.
Mitglied seit Oct 29, 2020
35 Posts
Mitglied seit Jun 30, 2020
47 Posts
Mitglied seit Oct 29, 2020
35 Posts
Jan 21, 2021 at 13:18
Mitglied seit Oct 29, 2020
35 Posts
Sarjohn posted:I have been practicing use of RSI, MACD and bollinger bands while keeping my trade open for several hours and in some cases days. I have been thinking I have reached a point of stagnation from where I can only learn if I put in some real bucks.
Placing that many lot sizes when you are just gathering knowledge is not a good idea, first develop a good strategy and practice on demo.
Mitglied seit Oct 07, 2020
104 Posts
Jan 22, 2021 at 07:56
Mitglied seit Nov 02, 2020
34 Posts
Gleywilleyy posted:My approach is also same. That's why went with fxview, $2 commissions RT and low spreads.
I honestly prefer brokers with lower commissions and tighter spreads. As long as the commission cost is less, I don’t mind paying that in lieu of low spreads.

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