Comission world is fair only to the broker. And this is worth not only for forex, certainly for stocks too.
I don't know how we can tolerate the current comission structure but one day someone will have to wake up and change this horrible situation where brokers make money out of our losing trades.
In order to restablish a win / win situation (to the broker AND the client) all comission structure world must be changed:
- There should be a fixed, monthly fee paid to the broker. Fee should be < $50.
- Then comission should be % based on our profits on each winning trade. No profit, no comission. Small profit, small comission. Big profit, big comission, but still, % remains the same like 0,1% (ideal value to be determined).
THAT would be fair.
Anything other than this is UNFAIR to the trader.
Current situation is hardly tolerable and requires a revolution.
I don't know how we can tolerate the current comission structure but one day someone will have to wake up and change this horrible situation where brokers make money out of our losing trades.
In order to restablish a win / win situation (to the broker AND the client) all comission structure world must be changed:
- There should be a fixed, monthly fee paid to the broker. Fee should be < $50.
- Then comission should be % based on our profits on each winning trade. No profit, no comission. Small profit, small comission. Big profit, big comission, but still, % remains the same like 0,1% (ideal value to be determined).
THAT would be fair.
Anything other than this is UNFAIR to the trader.
Current situation is hardly tolerable and requires a revolution.