Dion Ebrahim Posted July 18, 2017 Share Posted July 18, 2017 When we talk about fees whether this is to do with money transaction in shape of deposit or withdrawal and even with spreads and hidden charges, it’s all hard to handle. So, do you think that big fees are really big trouble? I feel it’s not a big trouble but NO one likes to pay fees and I am same, t’s easier to handle for me with broker of OctaFX’s caliber who is problem solver with never charging extra fees and keeps me entirely comfortable with working. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 20, 2017 Share Posted July 20, 2017 Fees in fact is a trouble for traders or speculators, if you ask them or me to choose between a reliable broker with less fees and a reliable broker with big fees, they or me will choose the former. In reality reasonable fees would be a good thing for trader and the broker itself because that means a win and win solution. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 23, 2017 Share Posted July 23, 2017 @sidejob Who love fee/spread on one broker when you can get the same one without fees and even better?. But be realistic this is business, there is a cost that we must think and calculate, higher fees or spread doesn't necessarily bad. Instead of trouble, I think the fees as the part that I must try to optimized so I could get more profit. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted July 24, 2017 Share Posted July 24, 2017 Everything is back to good and proper trading management. Good and proper management must be accompanied by sufficient trading capability. Because if we as a trader can manage the trading we have with good and true, automatic profit in the can will be maximal. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 25, 2017 Share Posted July 25, 2017 Everything is back to good and proper trading management. Good and proper management must be accompanied by sufficient trading capability. Because if we as a trader can manage the trading we have with good and true, automatic profit in the can will be maximal. But cost still something that we should consider before taking an open position. Fees to some traders are big trouble while the others think it as a must condition so broker and trader will get win win solution. By the way, withdrawal fee is another thing but mostly the fees come from your own bank and not the broker itself. Quote Link to comment Share on other sites More sharing options...
myregister Posted August 7, 2017 Share Posted August 7, 2017 Sure the cost is someting we should consider and this is why for some traders the fees are big trouble for them. Especially for traders who are sensitive to the cost itself like scalpers. Why scalpers? Because their profit is relatively small and bigger fees just eat their profit making it harder for them to reach ROI and get bigger profits. Quote Link to comment Share on other sites More sharing options...
arjumand Posted August 11, 2017 Share Posted August 11, 2017 Sure the cost is someting we should consider and this is why for some traders the fees are big trouble for them. Especially for traders who are sensitive to the cost itself like scalpers. Why scalpers? Because their profit is relatively small and bigger fees just eat their profit making it harder for them to reach ROI and get bigger profits. I guess that's the reason scalping is possible only during the high volatile market conditions and these scalpers manages to closes their trades quickly and make more profits than the fees incurred or choose those accounts which have the lowest spreads/charges. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 12, 2017 Share Posted August 12, 2017 I guess that's the reason scalping is possible only during the high volatile market conditions and these scalpers manages to closes their trades quickly and make more profits than the fees incurred or choose those accounts which have the lowest spreads/charges. Scalping is possible not just in high volatile market, in fact in low to medium volatile market scalping is work. Scalping requires just smaller amount of positive pips. We know that fees are trouble not for just scalpers, but for all traders who are sensitive to the market's commission. We are trying to diminish the fees and our loss chance rate. Quote Link to comment Share on other sites More sharing options...
tauf Posted August 16, 2017 Share Posted August 16, 2017 There is usually no quality services prices, such as those in the ECN account chargeda Commission from each transaction, but brokers also provide financial compensation to a small spread width and speed of ekseskusi transactions, so just choose the course according to the wishes Quote Link to comment Share on other sites More sharing options...
uncle gober Posted August 18, 2017 Share Posted August 18, 2017 Broker itself is an important factor in the success of a trader. Then think of it well when going to choose a broker, note the advantages and disadvantages of the broker. Do not just choose a broker that provides comfort in trading, but choose a broker that provides support to its traders in the success of trading. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 22, 2017 Share Posted August 22, 2017 Broker itself is an important factor in the success of a trader. Then think of it well when going to choose a broker, note the advantages and disadvantages of the broker. Do not just choose a broker that provides comfort in trading, but choose a broker that provides support to its traders in the success of trading. As the middle man then I do agree with you, the broker is a part where traders should choose carefully even if a trader has a potential it will become nothing for them sooner or later if they choose a scammy broker and all of their account will goes for nothing. My takes in this one are to read more reviews and more site which have comparisons for one to other brokers. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted August 22, 2017 Share Posted August 22, 2017 Broker itself is an important factor in the success of a trader. Then think of it well when going to choose a broker, note the advantages and disadvantages of the broker. Do not just choose a broker that provides comfort in trading, but choose a broker that provides support to its traders in the success of trading. Well said. If a broker trades against it's traders then the trader can never achieve success. Broker and trader must not have any conflict of interest and then there is a chance that trader will do good with his strategy. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted August 24, 2017 Share Posted August 24, 2017 Broker itself is an important factor in the success of a trader. Then think of it well when going to choose a broker, note the advantages and disadvantages of the broker. This will be very important to be done by the trader so bsia get the right broker like Tickmill. Quote Link to comment Share on other sites More sharing options...
myregister Posted September 1, 2017 Share Posted September 1, 2017 Well said. If a broker trades against it's traders then the trader can never achieve success. Broker and trader must not have any conflict of interest and then there is a chance that trader will do good with his strategy. As long as the fees which broker imposed to trader still in normal range i wouldn't mind to trade with them especially with an honest and reputable broker. Fees only become conflict of interest between me and the broker when that broker already act like a typical bucket-shop broker, with its very wide spread even for the major pair such as EURUSD. Quote Link to comment Share on other sites More sharing options...
cokodot Posted September 4, 2017 Share Posted September 4, 2017 in trading must be strong mentally and can optimize the opportunities that exist in the market, by continuing to try to manage its risk in the market, we can be better prepared for the conditions that will occur Practise forex trading with a free demo account to develop your trading strategies and test the features of a trading platform before you place a real trade. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted September 5, 2017 Share Posted September 5, 2017 As long as the fees which broker imposed to trader still in normal range i wouldn't mind to trade with them especially with an honest and reputable broker. Fees only become conflict of interest between me and the broker when that broker already act like a typical bucket-shop broker, with its very wide spread even for the major pair such as EURUSD. Yeah some brokers have large floating spreads even on popular currency pairs. But usually non dealing desk brokers who has several liquidity providers, usually have small spreads almost all the time. Quote Link to comment Share on other sites More sharing options...
myregister Posted September 5, 2017 Share Posted September 5, 2017 As long as that is not in the time when big news is happening I think the spread won't be that big. I usually see the spread will be large only around that time. Yes, more than one liquidity providers which compete with the others giving the best offers and then NDD brokers can choose which is the best for them and their client. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 6, 2017 Share Posted September 6, 2017 Long term trader like who apply swing strategy doesn't have much problem with spread fees, the one who usually either complain or carefully counted it into their risk management system are scalpers. Scalpers with small profit target surely need to lower the fees as much as possible because if not their profit will be eaten by the spread. Quote Link to comment Share on other sites More sharing options...
myregister Posted September 7, 2017 Share Posted September 7, 2017 Long term trader like who apply swing strategy doesn't have much problem with spread fees, the one who usually either complain or carefully counted it into their risk management system are scalpers. Scalpers with small profit target surely need to lower the fees as much as possible because if not their profit will be eaten by the spread. Yes for long term trader, i also don't see any urgency for them considering how much profit they could reap when making a weekly trading. For them fees are just the small part of their problem, the trouble lies in planning strategy. Shor term trader, on the other hand, needs to count the fees to lower how much you can lose if you lose. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 12, 2017 Share Posted September 12, 2017 so in addition to utilizing the demo account provided by Tickmill to practice and learn, I also use it to be better and more leverage in menysun trading plan, it is necessary that I can be better in managing my trading activities well . Quote Link to comment Share on other sites More sharing options...
myregister Posted September 30, 2017 Share Posted September 30, 2017 I don't have much complain about foreign exchange fees, that's probably more reasonable for day trader like me but for scalpers they need to put this into risk management because with just one or two pips there are already a huge difference between those two, fees are trouble for scalpers but not for long term trader/ Quote Link to comment Share on other sites More sharing options...
uncle gober Posted October 2, 2017 Share Posted October 2, 2017 therefore traders should be able to continue to be better in managing their trading activities in order to become more ready in paying attention to MM and RM, it is necessary for traders to become better at making profit with risk that can be minimized well. Quote Link to comment Share on other sites More sharing options...
gaban Posted November 23, 2017 Share Posted November 23, 2017 The trader must be in a routine where in a good trading run, because forex is a business which is not an easy thing to run, but binsis which has a very big risk role. For that, I myself always routinely in the level of good trading ability for which in understanding the management of trading profitable Quote Link to comment Share on other sites More sharing options...
uncle gober Posted November 24, 2017 Share Posted November 24, 2017 but also do not forget to always do an evaluation, this is done so that traders can for better in improving existing trading skills and can for better in fixing errors on the trading system that we have. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted November 25, 2017 Share Posted November 25, 2017 but also do not forget to always do an evaluation, this is done so that traders can for better in improving existing trading skills and can for better in fixing errors on the trading system that we have. Agree errors are our best teachers there is no unique successful trading experience we can copy, every traders make different mistakes and breaking them down, understanding our weakness and strong sides we increase our chances for trading success. Quote Link to comment Share on other sites More sharing options...
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