My concern on lot commissions
Mitglied seit Oct 29, 2020
35 Posts
Jan 14, 2021 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.
Mitglied seit Oct 07, 2020
104 Posts
Jan 15, 2021 at 04:15
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
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
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
Jan 16, 2021 at 12:00
Going live with not much knowledge of the market is a mistake. Please use demo account.
Mitglied seit Oct 07, 2020
104 Posts
Jan 18, 2021 at 03:59
78678676 posted:yea i have suggested him the same thing
Going live with not much knowledge of the market is a mistake. Please use demo account.
Mitglied seit Oct 29, 2020
35 Posts
Jan 18, 2021 at 12:49
78678676 posted:How about micro accounts? For a more realistic approach
Going live with not much knowledge of the market is a mistake. Please use demo account.
Jan 19, 2021 at 01:42
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
Jan 19, 2021 at 12:37
Gushenman posted:Hmm, I was thinking between 10 and 15, bad idea?
***RULE 1.
Stop loss 'must below 7%'
Don't flow the trade in a long time
Mitglied seit Oct 29, 2020
35 Posts
Jan 19, 2021 at 12:38
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
Jan 19, 2021 at 12:52
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
Mitglied seit Sep 30, 2020
58 Posts
Jan 21, 2021 at 09:48
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
Jan 21, 2021 at 11:45
Is anyone here using a no-commission broker?
Mitglied seit Jun 30, 2020
47 Posts
Jan 21, 2021 at 13:09
advancedsmifser posted: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.
Is anyone here using a no-commission broker?
Mitglied seit Oct 29, 2020
35 Posts
Jan 21, 2021 at 13:18
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 04:32
Gleywilleyy posted:True that do u know any??
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
Jan 22, 2021 at 07:56
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.
