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My concern on lot commissions

advancedsmifser
Jan 14 at 12:36
35 príspevkov
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.

richardmarcus
Jan 15 at 04:15
104 príspevkov
advancedsmifser posted:
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.

You should first gather all the knowledge and then place the trades.

advancedsmifser
Jan 15 at 12:30
35 príspevkov
richardmarcus posted:
advancedsmifser posted:
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.

You should first gather all the knowledge and then place the trades.

Wouldn’t simultaneous practice be a better idea?

richardmarcus
Jan 16 at 04:47
104 príspevkov
advancedsmifser posted:
richardmarcus posted:
advancedsmifser posted:
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.

You should first gather all the knowledge and then place the trades.

Wouldn’t simultaneous practice be a better idea?

yea practice on demo accounts will be better

78678676 (78678676)
Jan 16 at 12:00
82 príspevkov
Going live with not much knowledge of the market is a mistake. Please use demo account.

richardmarcus
Jan 18 at 03:59
104 príspevkov
78678676 posted:
Going live with not much knowledge of the market is a mistake. Please use demo account.

yea i have suggested him the same thing

Gushenman (Gushenman)
Jan 18 at 10:00
3 príspevkov
***RULE 1.
Stop loss 'must below 7%'
Don't flow the trade in a long time

advancedsmifser
Jan 18 at 12:49
35 príspevkov
78678676 posted:
Going live with not much knowledge of the market is a mistake. Please use demo account.

How about micro accounts? For a more realistic approach

AliaDare
Jan 19 at 01:42
403 príspevkov
advancedsmifser posted:
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.

Yes, you should gather knowledge first. It is never possible to trade without acquiring research and knowledge.

Sarjohn (Sarjohn)
Jan 19 at 11:42
128 príspevkov
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.

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