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My concern on lot commissions

Mar 10 2021 at 05:00
104 Posts
Shaunmaxi posted:
Can anyone recommend a site, video or anything that would help me get a clearer idea?
you can check out any youtube or instagram profiles there are alot of forums too
Sar John (Sarjohn)
Mar 10 2021 at 08:20
187 Posts
advancedsmifser posted:
Sarjohn posted:
advancedsmifser posted:
Sarjohn posted:
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.
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.
That is a good strategy, are you placing that many lot sizes in live trading also?
Well no, but I am trying to keep the experience as real as possible.

That’s great, I will try out the same strategy on demo account with this lot’s size.
Mar 11 2021 at 08:18
17 Posts
As long as you have a good trading strategy and have tested it on a demo account, you can take the step ahead. But make sure that you use stop loss and take profit properly before you run out of time and money.
Mar 13 2021 at 12:33
24 Posts
I am sure that you would have given it a thought because this is no joke. You want to risk so much money in one go and that without having much experience with that. I personally prefer trading small lots with xm because they keep you from getting emotional whether you win a trade or not. You can easily handle the results and continue to trade with your strategy without being overly emotional.
Mar 15 2021 at 13:20
25 Posts
When you place more than one lot, you get to scale out more easily as your trade progresses. But as you can never know the outcome of a trade, it can also backfire. I suggest talking to your mentor about this before going ahead with this.
Mar 16 2021 at 09:43
23 Posts
Trading small lots in different positions gives you a good edge. If it goes in your favor, you can close some while letting the others run. This way, you can also focus on your other trades.
Mar 17 2021 at 11:43
28 Posts
Entries, exits, and even risk management can be practiced with virtual money. What matters to the traders like me is to know how to react to big moves in the market with real money. Any thoughts on that?
Apr 03 2021 at 09:58
10 Posts
You should focus on working and learning more about the market first. This will give you some experience and an idea of how to manage things.
Apr 08 2021 at 13:08
46 Posts
When you learn to understand everything, then you will be able to understand all questions regarding commissions.
Jul 29 2021 at 12:45
536 Posts
Aurisida posted:
When you learn to understand everything, then you will be able to understand all questions regarding commissions.
Yes. You are right.
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