futures are your best bet. IB has 1% admin fee while LMAX has even worse swaps from what I saw

OANDA Discussion

I already mentioned I need my costs to be 1% of my profit/loss, otherwise I’m not speculating. Since I’m winning at best 40-50% of the time, I want to make sure the costs don’t eat up the major chunk of pnl

OANDA Discussion

Personally I want my cost(spread+commission+swap+any other charges) to be less than 1% in this “majority loses” speculative game. You know why? ETF’s have less than 1% costs now, and they have WAY higher probability of making money. With a 5 tick ...

OANDA Discussion

what is the advantage of ECN over futures if ECN does not offer small sized lots? And I saw that IBKR charges 1% fee for forex cfd’s, why would someone pay that and not just trade futures where the rollover is symmetric

The Ultimate Guide To Forex Brokers

just checked and even IBKR charges 1% on top of benchmark rates for their cfd’s. All forex brokers should be boycotted and we should only trade stocks or futures

OANDA Discussion

these forex brokers are worse than casinos. Even someone as evil as a casino has no commission games

Broker finds new way to gouge clients

oanda has no business charging “admin fee” in a setup where majority lose money. Spreads and rollover that are equivalent to futures is fair. And now with fx conversion fee they’re only going to lose accounts. I stopped trading a year back when ...

OANDA Discussion

just trade futures then

News Trading For Living

no it’s not like that, futures margins are decided by exchange

Are trading costs the main reason of losses in trading?

i didn’t get you, do you mean there’s no leverage in futures as opposed to ‘forex’? there’s no cost of leverage in futures. It’s up to the broker to manage risk and cut position before account goes negative, that’s all

Are trading costs the main reason of losses in trading?

why would you willingly pay higher swaps in 'forex' when futures offer you everything without any hidden costs?

Are trading costs the main reason of losses in trading?

compare the contango/backwardation in futures with the swaps charged by the fake market brokers. Then you’ll realize how much they’ve been shafting the lazy/poor retail gambler. But I guess in a losing game, the retail gambler will just lose faster ...

Are trading costs the main reason of losses in trading?

exactly, finally someone who gets it, which is why forex/cfds are for unsuspecting noobs. If someone is really serious about trading they would just trade on an exchange. But that actually requires significant money and the noob’s $100 deposit or ...

Are trading costs the main reason of losses in trading?

There are very few markets in which trend following works well. For these markets you just blindly enter on a breakout or pullback and you'll make a fortune. You don't need to care about news at all. If you look diligently you can find such markets. ...

Trend Trading

you have to look at expectancy, not just risk reward.

Cable Update (GBPUSD)

I only trade 4H and above since that way the spread is max 2% of expected profit or 5% of stoploss. I don’t want to make the broker rich. I never understood how people can trade for like 5 tick or 10 tick profit, or even 1 tick profit(LOL). You’re ...

Are trading costs the main reason of losses in trading?

So you just have break-even trades or profitable trades? Literally no losing trades? You don’t use any stoploss right? I’ve read the first 10 pages and some clarification would be great.

LFX Trading Proverbs

Cryptos at these prices I feel are strictly to be traded. I wouldn't "invest" i.e. buy and hold at these prices. I like putting stoplosses while trading. I don't think I can do it with coinbase for e.g., can I? I don't even think you can buy/sell ...

Which brokers offer Bitcoin?

If you're in US/Europe, GDAX is the way to go I feel. You're buying the underlying and GDAX matches your orders like a proper exchange, so if you're making money they won't hold on to it or stop you from trading. As for CFDs, have any of you who are ...

Which brokers offer Bitcoin?

Hi guys, sorry this post maybe off-topic but this is the most active crypto thread so thought to post here. I know I might be late to the trend, but I want to jump on to it till it lasts. However there's only one broker, Avatrade, that's providing ...

Bitcoin technical analysis