@Kagisopeter That is indeed a lot. In peak hours I have been trading with 0 pips.
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Playing safe, it that's a thing :)
- Thread starter Henrique
- Start date
And commission? Bet that will be a lot. Has to be. There’s nothing called cheap in trading.@Kagisopeter That is indeed a lot. In peak hours I have been trading with 0 pips.
There is a commission charge involved ($2) but I have calculated that paying $2 for round trade works cheaper than wide spreads. Especially for short term trades. Could be a different deal for overnight positions but I wouldn’t know because I am a true-blood day trader.And commission? Bet that will be a lot. Has to be. There’s nothing called cheap in trading.
Who’s the broker?There is a commission charge involved ($2) but I have calculated that paying $2 for round trade works cheaper than wide spreads. Especially for short term trades. Could be a different deal for overnight positions but I wouldn’t know because I am a true-blood day trader.
Is 4:1 ratio for risk too safe? What do you think?Yes, playing safe is always recommended...for example using a SL
Any experiences to share??Please don’t go for no commission brokers. They are not safe.
What currency are you trading?In the world of forex trading, everyone wants to playsafe, and individually everyone tries to minimise the costs and risks associated in a trade. Proper evaluation of each factor, be it pairs or brokers will help to corner the risks.
What is the average size of your trade?Is 4:1 ratio for risk too safe? What do you think?