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My concern on lot commissions
Členom od Oct 16, 2020
125 príspevkov
Jan 16, 2021 at 12:00
Going live with not much knowledge of the market is a mistake. Please use demo account.
Členom od Oct 07, 2020
90 príspevkov
Jan 18, 2021 at 03:59
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
Členom od Apr 26, 2013
3 príspevkov
Jan 18, 2021 at 10:00
***RULE 1.
Stop loss "must below 7%"
Don't flow the trade in a long time
Stop loss "must below 7%"
Don't flow the trade in a long time
Členom od Dec 28, 2020
167 príspevkov
Jan 19, 2021 at 11:42
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.
Členom od Jun 30, 2020
43 príspevkov
Jan 19, 2021 at 12:52
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
Členom od Oct 23, 2020
29 príspevkov
Jan 20, 2021 at 10:41
You can contrast 2 or 3 brokers as per their commission rates and go with the one that is the lowest.
Členom od Oct 07, 2020
90 príspevkov
Jan 22, 2021 at 04:32
Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
Členom od Nov 02, 2020
32 príspevkov
Jan 22, 2021 at 07:56
Gleywilleyy posted:
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.
My approach is also same. That's why went with fxview, $2 commissions RT and low spreads.
Členom od Jun 30, 2020
43 príspevkov
Jan 27, 2021 at 09:51
richardmarcus posted:Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
I find fxtm and fxview to be quite alright. Using them for the low commission charges and spreads. Fxview is charging me $2 and fxtmn $4 for entry and exit. And as per slippage, the platform's quite balanced, I’m using MT4.
Členom od Oct 23, 2020
29 príspevkov
Jan 28, 2021 at 13:29
The best thing you can do is create many different demo accounts and compare what each one offers.
Členom od Jul 19, 2020
283 príspevkov
Jan 28, 2021 at 17:56
Scalping strategy is widely used by the new traders to make money quickly. Yes, it is risky if you don't have any knowledge about this.
Členom od Oct 07, 2020
90 príspevkov
Jan 29, 2021 at 04:07
Gleywilleyy posted:richardmarcus posted:Gleywilleyy posted:
Hey, the answer is simple. Just look for a low commission broker that is also regulated and has good trading conditions.
True that do u know any??
I find fxtm and fxview to be quite alright. Using them for the low commission charges and spreads. Fxview is charging me $2 and fxtmn $4 for entry and exit. And as per slippage, the platform's quite balanced, I’m using MT4.
Surely ill check these brokers
Členom od Nov 17, 2020
16 príspevkov
Feb 03, 2021 at 06:39
Jakemark posted:
The best thing you can do is create many different demo accounts and compare what each one offers.
Demo accounts are the only way to know what you are getting into, even micro accounts can help for a more real-like scenario.
Členom od Oct 01, 2020
27 príspevkov
Feb 04, 2021 at 06:21
@Mike Yes, demo accounts have worked well for me too. They are easy to set up and there is no hassle with them. It feels good to get an idea of some trades before executing them on a live account.
Členom od Nov 12, 2020
19 príspevkov
Feb 05, 2021 at 09:58
I think commissions and spreads are very important in our trades because they will decide how much profit we will take home in the pocket. This is a common newbie mistake that they gain only half knowledge.
Členom od Nov 17, 2020
15 príspevkov
Feb 06, 2021 at 06:16
Don’t go only with commissions because a broker will charge a commission to provide you with service. I am using Fxview which has a pure ECN account. The rate of commission is 2 dollars per lot round turn. It is very transparent but there are other brokers too which do not charge transaction cost. There are STP accounts as well which don’t charge the traders for the commission (like IB) but earn through the difference in the spreads
Členom od Nov 12, 2020
19 príspevkov
Feb 08, 2021 at 09:44
Fabiandelph842 posted:Kroolsc posted:
Don’t go only with commissions because a broker will charge a commission to provide you with service. I am using Fxview which has a pure ECN account. The rate of commission is 2 dollars per lot round turn. It is very transparent but there are other brokers too which do not charge transaction cost. There are STP accounts as well which don’t charge the traders for the commission (like IB) but earn through the difference in the spreads
There are many instances when scam brokers lure the traders in their trap by using the promises of not charging any brokerage. But it is common sense, how can they provide services without charging some fees?!
I think most of the traders only choose a broker on the basis of the commission. This should not be the only criteria but leverages and spreads and other things should also be thought of while choosing a broker.
Členom od Jun 30, 2020
43 príspevkov
Feb 09, 2021 at 09:40
debragonzalez posted:Fabiandelph842 posted:Kroolsc posted:
Don’t go only with commissions because a broker will charge a commission to provide you with service. I am using Fxview which has a pure ECN account. The rate of commission is 2 dollars per lot round turn. It is very transparent but there are other brokers too which do not charge transaction cost. There are STP accounts as well which don’t charge the traders for the commission (like IB) but earn through the difference in the spreads
There are many instances when scam brokers lure the traders in their trap by using the promises of not charging any brokerage. But it is common sense, how can they provide services without charging some fees?!
I think most of the traders only choose a broker on the basis of the commission. This should not be the only criteria but leverages and spreads and other things should also be thought of while choosing a broker.
Yes, that’s true. If a trader looks at just one feature, it won’t work. There are a number of things that must be considered if you want to make sure that you make a good broker choice.
Členom od Oct 23, 2020
29 príspevkov
Feb 09, 2021 at 11:41
Fabiandelph842 posted:Kroolsc posted:
Don’t go only with commissions because a broker will charge a commission to provide you with service. I am using Fxview which has a pure ECN account. The rate of commission is 2 dollars per lot round turn. It is very transparent but there are other brokers too which do not charge transaction cost. There are STP accounts as well which don’t charge the traders for the commission (like IB) but earn through the difference in the spreads
There are many instances when scam brokers lure the traders in their trap by using the promises of not charging any brokerage. But it is common sense, how can they provide services without charging some fees?!
I have also seen many forex broker scams in my trading career. So, whenever I am choosing a broker, I make sure that it is well regulated and won’t scam me.
Členom od Aug 07, 2020
71 príspevkov
Feb 09, 2021 at 12:52
I also made a choice of a broker for a very long time, because I wanted to choose one with which it would be safer than which it would not cheat, therefore, I consider Amarkets worthy, and if it were not so, it would not have lasted on the market for 13 years.
