General Trading Discussion Digest for Thursday January 25, 2018

2 new threads and 6 replies from 7 authors in the "General Trading Discussion" community ... Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero... [Complete Currency Trader]() [General Trading Discussion]( [Post New Message](mailto:COMPLETECURRENCYTRADER-generaltradingdiscussion@ConnectedCommunity.org) [] Jan 25, 2018 started 17 hours ago, [Danijel Gajin]( (5 replies) [Spread vs Commision]( [external link to thread view]( 1. [Hi everyone . I just want to ask you what do you...](#m0) Danijel Gajin 2. [Hi Danijel, There is always a commission to...](#m1) James Edward 3. [James is absolutely right-i wish i had read that...](#m2) Pradeep Venkat Rao 4. [Hi James, thank you for quick respond and of...](#m3) Danijel Gajin 5. [Just small note if I may. AFAIK Oanda is pure...](#m4) Tomas Rampas 6. [I completely disagree that most good brokers do...](#m5) Maryna MURRAY started 17 hours ago, [Erik Marais]( (0 replies) [Currency Strength Indicator]( [external link to thread view]( 7. [Hi Ia am a trend follower/position trader on...](#m6) Erik Marais started 5 days ago, [Joao Lima]( (9 replies) [Bad start]( [external link to thread view]( 8. [Hi Jaoa, I once suffered 22 losses in a row. ...](#m7) William Jenkins [] [top](#toca) [next](#m1) 1. [Spread vs Commision]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_0ae18f43-3c9f-4242-a197-85caeed8f733@ConnectedCommunity.org?subject=Re: Spread vs Commision) [Reply to Sender]( [Danijel Gajin]( Jan 25, 2018 7:02 AM [Danijel Gajin]( Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero spread but paying the commision? Looking forward to your answers, Danijel ------------------------------ Danijel Gajin ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m0) [next](#m2) 2. [Re: Spread vs Commision]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_b3703749-056a-4a8f-8472-b4ac89cfb8de@ConnectedCommunity.org?subject=Re: Spread vs Commision) [Reply to Sender]( [James Edward]( Jan 25, 2018 7:24 AM [James Edward]( Hi Danijel, There is always a commission to pay. If it's not separate, it's added to the spread. If there is genuinely no commission, just spreads, you are not trading in the real market, and neither is your platform. They've created a fake marketplace and they are trading against you. It's nothing more than a casino and you will always lose in the long run. In reality, I don't think there are many platforms like this anymore as they all went bust after the SNB incident in 2015. The existing platforms who claim not to charge commission are being dishonest. They are charging, but they disguise it as a spread... a very wide spread. They pass your trade to the real market at the market price, but they charge you a different (worse) price and pocket the difference as their commission. I wouldn't trust anyone who is being deceptive like that. Not only that, but they end up being far more expensive than paying a straight forward commission. The real interbank market has spreads, so that's unavoidable. But they are very narrow, so finding a platform with access to a tier 1 prime brokerage will get you the narrowest spreads available. They then add on a transparent commission, which is typically very cheap. I would rather trade with a platform who offer 0.4 pip spreads plus a commission which equals approximately the value of 0.3 pips of your position size, than trade with a platform who give me 2 or 3 pip spreads, or usually even bigger than that. ------------------------------ James Edward London ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 01-25-2018 07:01 From: Danijel Gajin Subject: Spread vs Commision Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero spread but paying the commision? Looking forward to your answers, Danijel ------------------------------ Danijel Gajin ------------------------------ [] [top](#toca) [previous](#m1) [next](#m3) 3. [Re: Spread vs Commision]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_4d05e536-253a-4ad7-9217-7ed9274ad396@ConnectedCommunity.org?subject=Re: Spread vs Commision) [Reply to Sender]( [Pradeep Venkat Rao]( Jan 25, 2018 7:45 AM [Pradeep Venkat Rao]( James is absolutely right-i wish i had read that 10 years back when i started trading forex. i suggest you choose a good ecn broker rated highly such as pepperstone, ig markets, oanda among others. some good brokers insist on big initial deposit such as 1000 usd or even 5000 usd most good brokers do not offer any deposit bonus. The advantage of commission plus a spread is strongly evident in the placing of stops, where if the spread is variable, it simply widens, so that your stop will be hit ! ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 01-25-2018 07:24 From: James Edward Subject: Spread vs Commision Hi Danijel, There is always a commission to pay. If it's not separate, it's added to the spread. If there is genuinely no commission, just spreads, you are not trading in the real market, and neither is your platform. They've created a fake marketplace and they are trading against you. It's nothing more than a casino and you will always lose in the long run. In reality, I don't think there are many platforms like this anymore as they all went bust after the SNB incident in 2015. The existing platforms who claim not to charge commission are being dishonest. They are charging, but they disguise it as a spread... a very wide spread. They pass your trade to the real market at the market price, but they charge you a different (worse) price and pocket the difference as their commission. I wouldn't trust anyone who is being deceptive like that. Not only that, but they end up being far more expensive than paying a straight forward commission. The real interbank market has spreads, so that's unavoidable. But they are very narrow, so finding a platform with access to a tier 1 prime brokerage will get you the narrowest spreads available. They then add on a transparent commission, which is typically very cheap. I would rather trade with a platform who offer 0.4 pip spreads plus a commission which equals approximately the value of 0.3 pips of your position size, than trade with a platform who give me 2 or 3 pip spreads, or usually even bigger than that. ------------------------------ James Edward London ------------------------------ Original Message: Sent: 01-25-2018 07:01 From: Danijel Gajin Subject: Spread vs Commision Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero spread but paying the commision? Looking forward to your answers, Danijel ------------------------------ Danijel Gajin ------------------------------ [] [top](#toca) [previous](#m2) [next](#m4) 4. [Re: Spread vs Commision]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_37769fb4-649d-4ce5-a9ca-20ff64701c5d@ConnectedCommunity.org?subject=Re: Spread vs Commision) [Reply to Sender]( [Danijel Gajin]( Jan 25, 2018 9:05 AM [Danijel Gajin]( Hi James, thank you for quick respond and of course thanks everyone who post some answers. I do have a broker now that has spread only and no commission . But i think also that the are playing against me. They put me out from the positions, wide spreads and i am losing a lot with them. I had a broker before that charge me a commission without spread and it was all fine. I paid the commission but i do stay in the position that trade goes in the right direction. I thought i was wrong about my broker working against my odds but i am confident that sometimes they work against me especially when i am trading lower time frames and scalping the markets. I have tight stops and they put me out of the trade a lot of times because they put the spread wider then it was . Thank you for the answer and now i know that i was right about them. ------------------------------ Danijel Gajin ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 01-25-2018 07:24 From: James Edward Subject: Spread vs Commision Hi Danijel, There is always a commission to pay. If it's not separate, it's added to the spread. If there is genuinely no commission, just spreads, you are not trading in the real market, and neither is your platform. They've created a fake marketplace and they are trading against you. It's nothing more than a casino and you will always lose in the long run. In reality, I don't think there are many platforms like this anymore as they all went bust after the SNB incident in 2015. The existing platforms who claim not to charge commission are being dishonest. They are charging, but they disguise it as a spread... a very wide spread. They pass your trade to the real market at the market price, but they charge you a different (worse) price and pocket the difference as their commission. I wouldn't trust anyone who is being deceptive like that. Not only that, but they end up being far more expensive than paying a straight forward commission. The real interbank market has spreads, so that's unavoidable. But they are very narrow, so finding a platform with access to a tier 1 prime brokerage will get you the narrowest spreads available. They then add on a transparent commission, which is typically very cheap. I would rather trade with a platform who offer 0.4 pip spreads plus a commission which equals approximately the value of 0.3 pips of your position size, than trade with a platform who give me 2 or 3 pip spreads, or usually even bigger than that. ------------------------------ James Edward London ------------------------------ Original Message: Sent: 01-25-2018 07:01 From: Danijel Gajin Subject: Spread vs Commision Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero spread but paying the commision? Looking forward to your answers, Danijel ------------------------------ Danijel Gajin ------------------------------ [] [top](#toca) [previous](#m3) [next](#m5) 5. [Re: Spread vs Commision]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_76e78c05-9e0a-44f1-b431-8a9e7fd3a83a@ConnectedCommunity.org?subject=Re: Spread vs Commision) [Reply to Sender]( [Tomas Rampas]( Jan 25, 2018 9:15 AM [Tomas Rampas]( Just small note if I may. AFAIK Oanda is pure market maker, hence trading always against their clients. I do not now about other 2. ------------------------------ Tomas Rampas ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 01-25-2018 07:44 From: Pradeep Venkat Rao Subject: Spread vs Commision James is absolutely right-i wish i had read that 10 years back when i started trading forex. i suggest you choose a good ecn broker rated highly such as pepperstone, ig markets, oanda among others. some good brokers insist on big initial deposit such as 1000 usd or even 5000 usd most good brokers do not offer any deposit bonus. The advantage of commission plus a spread is strongly evident in the placing of stops, where if the spread is variable, it simply widens, so that your stop will be hit ! ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ Original Message: Sent: 01-25-2018 07:24 From: James Edward Subject: Spread vs Commision Hi Danijel, There is always a commission to pay. If it's not separate, it's added to the spread. If there is genuinely no commission, just spreads, you are not trading in the real market, and neither is your platform. They've created a fake marketplace and they are trading against you. It's nothing more than a casino and you will always lose in the long run. In reality, I don't think there are many platforms like this anymore as they all went bust after the SNB incident in 2015. The existing platforms who claim not to charge commission are being dishonest. They are charging, but they disguise it as a spread... a very wide spread. They pass your trade to the real market at the market price, but they charge you a different (worse) price and pocket the difference as their commission. I wouldn't trust anyone who is being deceptive like that. Not only that, but they end up being far more expensive than paying a straight forward commission. The real interbank market has spreads, so that's unavoidable. But they are very narrow, so finding a platform with access to a tier 1 prime brokerage will get you the narrowest spreads available. They then add on a transparent commission, which is typically very cheap. I would rather trade with a platform who offer 0.4 pip spreads plus a commission which equals approximately the value of 0.3 pips of your position size, than trade with a platform who give me 2 or 3 pip spreads, or usually even bigger than that. ------------------------------ James Edward London Original Message: Sent: 01-25-2018 07:01 From: Danijel Gajin Subject: Spread vs Commision Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero spread but paying the commision? Looking forward to your answers, Danijel ------------------------------ Danijel Gajin ------------------------------ [] [top](#toca) [previous](#m4) [next](#m6) 6. [Re: Spread vs Commision]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_3ac5325a-9b53-45c7-af2c-d93633a99fc9@ConnectedCommunity.org?subject=Re: Spread vs Commision) [Reply to Sender]( [Maryna MURRAY]( Jan 25, 2018 1:36 PM [Maryna MURRAY]( I completely disagree that most good brokers do not offer bonuses? Where is this coming from as I know of many very good brokers offering bonuses etc. Brokers run a business as any other business and aspects such as quick execution of orders/slippage/spreads/leverage are all aspects to look at when choosing a broker. OANDA is totally overrated and in "partnership" with too many brokers and training institutions. There are great brokers out there and as with any business you need to do your homework before choosing "Business partners" ------------------------------ Maryna MURRAY ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 01-25-2018 07:44 From: Pradeep Venkat Rao Subject: Spread vs Commision James is absolutely right-i wish i had read that 10 years back when i started trading forex. i suggest you choose a good ecn broker rated highly such as pepperstone, ig markets, oanda among others. some good brokers insist on big initial deposit such as 1000 usd or even 5000 usd most good brokers do not offer any deposit bonus. The advantage of commission plus a spread is strongly evident in the placing of stops, where if the spread is variable, it simply widens, so that your stop will be hit ! ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ Original Message: Sent: 01-25-2018 07:24 From: James Edward Subject: Spread vs Commision Hi Danijel, There is always a commission to pay. If it's not separate, it's added to the spread. If there is genuinely no commission, just spreads, you are not trading in the real market, and neither is your platform. They've created a fake marketplace and they are trading against you. It's nothing more than a casino and you will always lose in the long run. In reality, I don't think there are many platforms like this anymore as they all went bust after the SNB incident in 2015. The existing platforms who claim not to charge commission are being dishonest. They are charging, but they disguise it as a spread... a very wide spread. They pass your trade to the real market at the market price, but they charge you a different (worse) price and pocket the difference as their commission. I wouldn't trust anyone who is being deceptive like that. Not only that, but they end up being far more expensive than paying a straight forward commission. The real interbank market has spreads, so that's unavoidable. But they are very narrow, so finding a platform with access to a tier 1 prime brokerage will get you the narrowest spreads available. They then add on a transparent commission, which is typically very cheap. I would rather trade with a platform who offer 0.4 pip spreads plus a commission which equals approximately the value of 0.3 pips of your position size, than trade with a platform who give me 2 or 3 pip spreads, or usually even bigger than that. ------------------------------ James Edward London Original Message: Sent: 01-25-2018 07:01 From: Danijel Gajin Subject: Spread vs Commision Hi everyone . I just want to ask you what do you think is better when you trade and when you choose a broker. Spread and no commision or zero spread but paying the commision? Looking forward to your answers, Danijel ------------------------------ Danijel Gajin ------------------------------ [] [top](#toca) [previous](#m5) [next](#m7) 7. [Currency Strength Indicator]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_c34246d6-0f95-49f8-90d5-6181590f5be1@ConnectedCommunity.org?subject=Re: Currency Strength Indicator) [Reply to Sender]( [Erik Marais]( Jan 25, 2018 6:59 AM [Erik Marais]( Hi Ia am a trend follower/position trader on the D1 time frame. Which is the best T/F and "look back" period to use which will be the best to determine my entries trading the D1 T/F ? ------------------------------ Erik Marais ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m6) 8. [Re: Bad start]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_a4055e50-1610-4074-a8b7-50deb8f235cb@ConnectedCommunity.org?subject=Re: Bad start) [Reply to Sender]( [William Jenkins]( Jan 25, 2018 5:31 PM [William Jenkins]( Hi Jaoa, I once suffered 22 losses in a row. It was a difficult time even as a serious trader. It made me want to re-evaluate everything. That would have been a huge mistake. A winning strategy will always be a winning strategy, but it will not win every trade. And sometimes, just like Jame's coin toss illustration, you will go through lengthy periods where losses outnumber wins. Just keep reviewing the trade rules BEFORE every trading session, and before every trade if necessary. This will save you from numerous bad trades. Also try not to be over anxious, seeing a trade in every divergence. Trade with frugality, and only at the market open times until you become more seasoned. Happy Trading, Bill ------------------------------ William Jenkins [Baltimore] [USA] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 01-22-2018 07:20 From: James Edward Subject: Bad start Hi Joao, How long have you been trading and when did you complete the introduction course? Losses are absolutely normal so it doesn't necessarily mean there is anything wrong, especially if you are new to this. The breakout system taught in that course, and indeed my main strategy from the advanced course, work with probabilities. Neither system attempt to predict the future with any certainty, so entering under the right conditions does not mean the trade will definitely end as a profit. There is a huge amount of luck in trading and anything can happen at any time. Even the perfect conditions can change in an instant after you've entered. All you can do is stack the odds in your favour so you have as many elements on your side at the point of entry as you can. After that, just let the trade play out as per your rules. As long as the entry conditions, trade management, and the process you followed are good, in the long term you will be profitable. But in the short term, you can't conclude very much from the results. It's a good idea to go back and assess each trade and ask yourself if you followed the correct process and if the conditions for an entry were good. If they were, keep going and let the edge balance out over the longer term. If they weren't, identify the error in the process and work to correct that next time. And of course don't forget that nothing beats experience. No one will be a good trader from day 1 (other than through blind luck which runs out pretty quick). Becoming good at anything takes time, practice and dedication. ------------------------------ James Edward London ------------------------------ Original Message: Sent: 01-21-2018 23:23 From: Pradeep Venkat Rao Subject: Bad start Katrina Have you taken the course -forex inception course- i have not: and if someone has no prior knowledge / experience of trading can he reasonably expect to make a profit from day one after taking the course? in my experience there is no course like that. perhaps James can explain why. ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] Original Message: Sent: 01-21-2018 22:50 From: Katrina Subject: Bad start did you just jump in without researching the trade pairs first like watching them for a day or two first? Just curious to know how to tackle the trades. ------------------------------ Katrina Kelliebrew Atlanta, GA & Tampa, FL USA Original Message: Sent: 01-20-2018 08:12 From: Joao Lima Subject: Bad start I've just finished the introductory course and started trading as I learned but unfortunately I only had losses so far. Anyone else had experienced the same when began trading and how got over it? ------------------------------ Joao Lima ------------------------------ You are subscribed to "General Trading Discussion" as {EMAIL}. To change your subscriptions, go to [My Subscriptions](. To unsubscribe from this community discussion, go to [Unsubscribe](.