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Best account type for copy trading / signals
Feb 10, 2017 at 07:40
Jan 21, 2017からメンバー
18 投稿
I've noticed that there are generally two broad types of accounts that brokers offer:
(1) 0 commission, large spread
(2) $3-$4 commission, tight spread
So far I've been going for (2) to try to minimize slippage; my main concern was trades not getting copied if the price difference was too high.
In some cases, however, account (1) seems to be a better deal (cases where commissions are too high, leverage is too low, or min deposit is too high), so I'm actually now revising my conclusion that (2) is better for copy trading to make sure I'm not missing something.
Any advice?
(1) 0 commission, large spread
(2) $3-$4 commission, tight spread
So far I've been going for (2) to try to minimize slippage; my main concern was trades not getting copied if the price difference was too high.
In some cases, however, account (1) seems to be a better deal (cases where commissions are too high, leverage is too low, or min deposit is too high), so I'm actually now revising my conclusion that (2) is better for copy trading to make sure I'm not missing something.
Any advice?
YOLO
Feb 10, 2017 at 09:09
Feb 22, 2011からメンバー
4573 投稿
khaled912 posted:
I've noticed that there are generally two broad types of accounts that brokers offer:
(1) 0 commission, large spread
(2) $3-$4 commission, tight spread
So far I've been going for (2) to try to minimize slippage; my main concern was trades not getting copied if the price difference was too high.
In some cases, however, account (1) seems to be a better deal (cases where commissions are too high, leverage is too low, or min deposit is too high), so I'm actually now revising my conclusion that (2) is better for copy trading to make sure I'm not missing something.
Any advice?
Find a broker like @FXPIG who does offer the lowest total cost.
Total cost is comission plus spread.
Also their execution and leverage are great.
Feb 10, 2017 at 15:21
Mar 14, 2016からメンバー
43 投稿
khaled912 posted:
I've noticed that there are generally two broad types of accounts that brokers offer:
(1) 0 commission, large spread
(2) $3-$4 commission, tight spread
So far I've been going for (2) to try to minimize slippage; my main concern was trades not getting copied if the price difference was too high.
In some cases, however, account (1) seems to be a better deal (cases where commissions are too high, leverage is too low, or min deposit is too high), so I'm actually now revising my conclusion that (2) is better for copy trading to make sure I'm not missing something.
Any advice?
The slippage is not that much related to the spread but depends on other factors like the volume of your orders for example. The tighter the spread, the better chances you have to reach your TPs and avoid early SLs. I believe your choice of option 2 is good for long term. Why account 1 is better in your specified conditions? I didn't understand that.
When it comes to the broker, I would suggest to find one that does not trade against you but beware to read between the lines as sometimes what the broker says is different from what the regulator says 😄
Feb 13, 2017 at 16:12
Feb 12, 2016からメンバー
394 投稿
When choosing an account – you have to find the best one matching your strategy. Also as vontogr@ said – go for comparing the total costs. Not only commission or only spread. This will give you a better analysis for your total (possible) profit or lost.
Accept the loss as experience

forex_trader_349943
Aug 07, 2016からメンバー
10 投稿
Feb 21, 2017 at 08:07
Aug 07, 2016からメンバー
10 投稿
togr posted:khaled912 posted:
I've noticed that there are generally two broad types of accounts that brokers offer:
(1) 0 commission, large spread
(2) $3-$4 commission, tight spread
So far I've been going for (2) to try to minimize slippage; my main concern was trades not getting copied if the price difference was too high.
In some cases, however, account (1) seems to be a better deal (cases where commissions are too high, leverage is too low, or min deposit is too high), so I'm actually now revising my conclusion that (2) is better for copy trading to make sure I'm not missing something.
Any advice?
Find a broker like @FXPIG who does offer the lowest total cost.
Total cost is comission plus spread.
Also their execution and leverage are great.
Excellent advice, you gave me ideas friend!
Aug 09, 2017からメンバー
4 投稿
Apr 19, 2018 at 10:54
Aug 09, 2017からメンバー
4 投稿
We now have copy trading available using SignalStart, they seem to be one of the best 3rd part signal service providers. Our current strategy is ranked 7th on their website https://theforexcoach.signalstart.com/search-signals
TheForexCoach
Apr 19, 2018 at 19:33
Feb 22, 2011からメンバー
4573 投稿
korn6 posted:togr posted:khaled912 posted:
I've noticed that there are generally two broad types of accounts that brokers offer:
(1) 0 commission, large spread
(2) $3-$4 commission, tight spread
So far I've been going for (2) to try to minimize slippage; my main concern was trades not getting copied if the price difference was too high.
In some cases, however, account (1) seems to be a better deal (cases where commissions are too high, leverage is too low, or min deposit is too high), so I'm actually now revising my conclusion that (2) is better for copy trading to make sure I'm not missing something.
Any advice?
Find a broker like @FXPIG who does offer the lowest total cost.
Total cost is comission plus spread.
Also their execution and leverage are great.
Excellent advice, you gave me ideas friend!
You are welcome
Apr 30, 2018 at 06:23
Oct 13, 2016からメンバー
19 投稿
togr posted:korn6 posted:togr posted:khaled912 posted:
I've noticed that there are generally two broad types of accounts that brokers offer:
(1) 0 commission, large spread
(2) $3-$4 commission, tight spread
So far I've been going for (2) to try to minimize slippage; my main concern was trades not getting copied if the price difference was too high.
In some cases, however, account (1) seems to be a better deal (cases where commissions are too high, leverage is too low, or min deposit is too high), so I'm actually now revising my conclusion that (2) is better for copy trading to make sure I'm not missing something.
Any advice?
Find a broker like @FXPIG who does offer the lowest total cost.
Total cost is comission plus spread.
Also their execution and leverage are great.
Excellent advice, you gave me ideas friend!
You are welcome
Bu what about deposit/withrawal fees ...LARGE!
“Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”
Apr 30, 2018 at 08:15
Feb 22, 2011からメンバー
4573 投稿
ozzy25 posted:togr posted:korn6 posted:togr posted:khaled912 posted:
I've noticed that there are generally two broad types of accounts that brokers offer:
(1) 0 commission, large spread
(2) $3-$4 commission, tight spread
So far I've been going for (2) to try to minimize slippage; my main concern was trades not getting copied if the price difference was too high.
In some cases, however, account (1) seems to be a better deal (cases where commissions are too high, leverage is too low, or min deposit is too high), so I'm actually now revising my conclusion that (2) is better for copy trading to make sure I'm not missing something.
Any advice?
Find a broker like @FXPIG who does offer the lowest total cost.
Total cost is comission plus spread.
Also their execution and leverage are great.
Excellent advice, you gave me ideas friend!
You are welcome
Bu what about deposit/withrawal fees ...LARGE!
Can you be more specifics, what does mean large?
Jun 27, 2018 at 06:30
Nov 17, 2009からメンバー
31 投稿
You want to be with a broker that does allot of volume! The more they do, the faster they can execute your trade and limit your slippage. I have been using Oanda for some time and the execution is super fast. I use them via MT4, 2 separate charting packages, and also API algo trading. I have been with STPs/ECNs that cant match the execution speeds and seem to always give me worse price slippage.
Just my 2 cents. I'm sure you'll find a home soon. Hope I helped.
Just my 2 cents. I'm sure you'll find a home soon. Hope I helped.

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