ECN with and without commissions.
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Mar 18, 2021 at 04:23
Jamespaul posted:@James also do not forget to check the analytical features of the brokers, and what trading platform they give out. It is very important for smooth trading.marnuslabushane posted:I agree. There are many brokers that fall into this category like Oanda, XM etc. giving you good enough trading set up on low commissions. Spreads and leverage with most of these seem favourable too.marnuslabushane posted:Why not to find a broker who gives you good services but also charges less commissions? I think this would be a much easier solution. No?
I always get confused with this stuff. I mean should I go with a broker that is very good when it comes to the trading conditions but charges high commision or should I just stick to no commission broker that provides okayish service?
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58 ieraksti
Mar 18, 2021 at 07:09
Adamgylicrist posted:Emotions can be very harmful for you if you have no control over them. And you should not let your emotions come between your trading.salamibrish posted:This is true but it should not be on the basis of the emotions, but rather on the basis of the state of the market.Mathewshayden posted:Flexibility is the key to winning because if we are flexible enough we can earn a lot of good money. I was scalping because the markets were not that good. So there are many brokers in the market. When the markets were moving again I came to position trading through IB because of its good analytical tools. So you cannot always trust one strategy. The brokers charge their fees because they provide us services.
Garry, I agree that you won’t lose anything when you demo trade. But if a strategy works well on your demo account and fails when you go live?
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42 ieraksti
Mar 19, 2021 at 10:40
The hard work you are talking about James, is for your own good. You only will get benefits from it. And since you are in trading, you need to manage time to trade. And if still you have enough money to pay to any broker, you can think of lending me some. Lol.
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26 ieraksti
Mar 20, 2021 at 06:06
jamesmaxwell52 posted:You seem to be struggling very much in terms of making time. Brokers like FXTM, and Avatrade have these features where you can put your entire trading responsibility on somebody else called the forex account managers. But mind it, you can’t rely on them wholly. You have to be more dedicated.marnuslabushane posted:The idea you gave is good but it literally requires a lot of hardwork and most importantly time for finding such brokers.marnuslabushane posted:Why not to find a broker who gives you good services but also charges less commissions? I think this would be a much easier solution. No?
I always get confused with this stuff. I mean should I go with a broker that is very good when it comes to the trading conditions but charges high commision or should I just stick to no commission broker that provides okayish service?
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4 ieraksti
Mar 21, 2021 at 03:11
Richarlison872 posted:Нет разници какую сумму берет брокер комиссии если вы зарабатываете то вы позволяете себе перекрывать данные убыткиjamesmaxwell52 posted:You seem to be struggling very much in terms of making time. Brokers like FXTM, and Avatrade have these features where you can put your entire trading responsibility on somebody else called the forex account managers. But mind it, you can’t rely on them wholly. You have to be more dedicated.marnuslabushane posted:The idea you gave is good but it literally requires a lot of hardwork and most importantly time for finding such brokers.marnuslabushane posted:Why not to find a broker who gives you good services but also charges less commissions? I think this would be a much easier solution. No?
I always get confused with this stuff. I mean should I go with a broker that is very good when it comes to the trading conditions but charges high commision or should I just stick to no commission broker that provides okayish service?
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23 ieraksti
Mar 21, 2021 at 07:55
philipsimmions posted:My friend also suggested me to go for low deposits but I had already chosen some other broker. I wish I had waited for a little more time.
The hard work you are talking about James, is for your own good. You only will get benefits from it. And since you are in trading, you need to manage time to trade. And if still you have enough money to pay to any broker, you can think of lending me some. Lol.
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36 ieraksti
Mar 22, 2021 at 09:57
I can never compromise with services a broker gives. And why should I? I have put my money there and I should be getting everything whether it is about low spreads or high leverages.
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Mar 23, 2021 at 07:08
Before going with a broker that is offering low spreads, you should know the average rates for a currency pair you want to trade. This will save you a lot of hassle later.
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42 ieraksti
Mar 23, 2021 at 09:15
Most low spread brokers have the same spread value and it kind of depends on the pair as well. Anyway, you can go to different platforms and check the spreads they are offering.
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Mar 25, 2021 at 05:49
Marshshaun posted:Yes, spreads do widen when there is low liquidity or high volatility in the market. release of major economic events and news cause panic in the market which increase volatility. And during opening and closing time there is hardly any trading volume thus the liquidity is very low which leads to widening of the spreads.Numeromatt posted:But I read somewhere that the spreads also widen at the close of the market due to any news update or something. Is that right?
Before going with a broker that is offering low spreads, you should know the average rates for a currency pair you want to trade. This will save you a lot of hassle later.
The more your practice, the more you learn.
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29 ieraksti
Mar 25, 2021 at 08:15
philipsimmions posted:That doesn’t always happen and about 95% of the times your spread is likely to remain low so don’t worry about it.
Most low spread brokers have the same spread value and it kind of depends on the pair as well. Anyway, you can go to different platforms and check the spreads they are offering.
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54 ieraksti
Apr 06, 2021 at 14:38
Indeed, there are very rare cases when the spread rises very sharply, so I don't need to worry about this.
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Sep 04, 2021 at 08:23
friedjohan posted:You should pick a good broker to survive in this market.
I think it is better to go with ECN brokers that charge lower commissions and provide tighter spreads to their clients.
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538 ieraksti
Jan 12, 2022 at 12:07
Some offer this. CedarFX have a 0% commission option. This natually will mean spreads might be higher than say a broker like IC Markets for example. You'd need to look into both and weigh it up. I use both brokers and the lack of commission is good for longer term trading where spreads maybe aren't as important as they are when scalping let's say. As always DYOR.
If you can't spot the liquidity then you are the liquidity.
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53 ieraksti
Jan 25, 2022 at 08:24
No commission would mean wider spreads. As said by @seb king, you got to weigh your options. I would always go for broker with low spreads over no commission. Finprotrading, lmfx, fxchoice are some brokers I found good in this regard. One just has to ensure that the commissions are not too high.
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Feb 24, 2022 at 09:26
I also prefer ECN brokers over other types as I get the best prices for all trades I execute with them. The good part is that most brokers offer ECN accounts making it easier for traders to find a good one for them.
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