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My concern on lot commissions
Miembro desde Oct 29, 2020
posts 35
Jan 14, 2021 at 12:36
Miembro desde Oct 29, 2020
posts 35
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.
Miembro desde Oct 07, 2020
posts 104
Jan 15, 2021 at 04:15
Miembro desde Oct 07, 2020
posts 104
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.
Miembro desde Oct 29, 2020
posts 35
Jan 15, 2021 at 12:30
Miembro desde Oct 29, 2020
posts 35
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.
Miembro desde Oct 07, 2020
posts 104
Jan 16, 2021 at 04:47
Miembro desde Oct 07, 2020
posts 104
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.
Miembro desde Oct 07, 2020
posts 104
Miembro desde Oct 29, 2020
posts 35
Jan 19, 2021 at 01:42
Miembro desde Jul 19, 2020
posts 788
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.
Miembro desde Oct 29, 2020
posts 35
Miembro desde Oct 29, 2020
posts 35
Jan 19, 2021 at 12:38
Miembro desde Oct 29, 2020
posts 35
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.
Miembro desde Jun 30, 2020
posts 47
Miembro desde Sep 30, 2020
posts 58
Jan 21, 2021 at 09:48
Miembro desde Sep 30, 2020
posts 58
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.
Miembro desde Oct 29, 2020
posts 35
Miembro desde Jun 30, 2020
posts 47
Miembro desde Oct 29, 2020
posts 35
Jan 21, 2021 at 13:18
Miembro desde Oct 29, 2020
posts 35
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.
Miembro desde Oct 07, 2020
posts 104
Jan 22, 2021 at 07:56
Miembro desde Nov 02, 2020
posts 34
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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