Actually, once you get to $25, you start to square it. So at $25, your commission rate becomes $(25)^2 = $625. Don refers to this as the power of squares. Don't forget to look at the balance sheets!
Bright Trade
- Thread starter trader29
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Actually, once you get to $25, you start to square it. So at $25, your commission rate becomes $(25)^2 = $625. Don refers to this as the power of squares. Don't forget to look at the balance sheets!
Yea Brights Rates are too high I started at this firm were I traded close to no volume and got .0025 100 percent payout thats what all traders get no matter your volume or anything. But Im sure bright has a great training program but it comes with a price.
This is off the topic but is it just me or is trading currency so much harder then equity I make from 10-15k a month trading stocks and in forex im negative every month
Any advice you can pm me thanks.
This is off the topic but is it just me or is trading currency so much harder then equity I make from 10-15k a month trading stocks and in forex im negative every month
Any advice you can pm me thanks.Quote from blufftrader:
Yea Brights Rates are too high I started at this firm were I traded close to no volume and got .0025 100 percent payout thats what all traders get no matter your volume or anything. But Im sure bright has a great training program but it comes with a price.
This is off the topic but is it just me or is trading currency so much harder then equity I make from 10-15k a month trading stocks and in forex im negative every month
If your commissions are half of your profits, it is an uphill battle.
With a futures trading account, you can expect to pay $5 per RT for ZB (30 year T-BOND) with excellent trading platform X_TRADER included in that quote and all exchange and etc... fees included. The bonds move in $31.25 increments. so commissions tend to be around 15% of the minimum price increment with an excellent software platform included(though I've seen commissions as low as $2.04 per RT all-in which comes out to commissions equalling only 6.5% of the minimum tick increment....this is with a poor order execution system, however).
Does all stock trading tend to result in commissions taking up half of your profits? I don't think I'll ever trade stocks.....
stocks are much easier to predict and sure more forgivin' but yeah, with doniz u sure are screwed up big time...practically u have to split u profits in half with him and obviously he aint gonna take half of your losses, so how does that sound for bright? free money at your expenses maybe?
ROR
Quote from blufftrader:
Yea Brights Rates are too high I started at this firm were I traded close to no volume and got .0025 100 percent payout thats what all traders get no matter your volume or anything. But Im sure bright has a great training program but it comes with a price.
This is off the topic but is it just me or is trading currency so much harder then equity I make from 10-15k a month trading stocks and in forex im negative every month
I found Forex to be difficult also. Lost half my stake in about 10 weeks. I think my prob was that I couldn't take the volatility, coupled with high leverage and sound money management.
My proposed solution, reduce leverage and trade for the small bursts through support and resistance, ala the S/R Journal here on ET. Maintain a financially responsible stop and the less you're leveraging, the more pips you can allow to swing against you without blowing up.
Currency has a lot of short term unpredictability, but tends to trend nicely. You just need to find that point where you can take the swings if you position trade them.
Can't trade them like equities. I'm working on a S/R method on the OANDA demo. Looking for breakouts and to average 20 pips intra day. I firmly believe it can be done.
riaamaan
All established traders know that you cannot use advertised rates to really know what you would pay with a firm. If you're a well capitalized, somewhat high volume trader, you have to call different firms for specific pricing.
Also, the $400 desk fee is fully rebated if you average a million shares traded per month. Remote traders only need 200k shares a month to be rent free.
No firm is perfect. It's just a matter of selecting the firm whose imperfections are most tolerable for your specific situation.
Also, the $400 desk fee is fully rebated if you average a million shares traded per month. Remote traders only need 200k shares a month to be rent free.
No firm is perfect. It's just a matter of selecting the firm whose imperfections are most tolerable for your specific situation.
At 1 cent a share, you need to generate $10,000 in commissions just to avoid a $400 desk fee. And your $400 desk fee isn't rebated until the NEXT YEAR!
Since you have your own computer, own internet and own software tools trading from home, isn't that strange there is a $200 remote desk fee?