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You win some you loose some do both with peace of mind
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DislikedI tried too become a IB with FP markets and get my commsision off on my own trading their commsision is 6 dollar roundturn and their spreads are a little higher than IC markets....IC have 0 spread on majors FP have 0.2-0.4 soo a total of 8-10 dollars pr lot traded if i could get commision off i would be at 4 dollars a lot and with IC after you have 5 IB clients trading you get your 2 dollars of on commision a total of 5 i guess the big clients also get that,but too get 5 IB clients that trade account its not easy and i have problems getting the...Ignored
Disliked{quote} you misunderstood how that IB stuff works ICM will give IB 2$ back on a clients lot traded ( though most IBs will surrounder 75% of that, and collect 0.5$ in reality). but that doesnt mean ICM will reduce your own trading cost by 2$ too! you can sign up under an IB yourself, and get, say, 5.5$ commission. anyhow, your main issue doesnt the commission or the spread, but the too tight SL/TP and slippage.Ignored
Disliked{quote} Ok i talked too a Garret i am sure you know who he is being with IC for some time i asked him abaut getting off the 2 dollars and he said i could get that if i had 5 signups under my ib active...Ignored
Disliked{quote} hm, maybe so. i was once asked them about this, putting across lots of volume there that time, and the answer was NO. i am glad to be wrong on this, and wish they give you the 5$ direct discount. i pay 5.5$ with ( a 100% useless) IB.Ignored
Disliked{quote} you misunderstood how that IB stuff works ICM will give IB 2$ back on a clients lot traded ( though most IBs will surrounder 75% of that, and collect 0.5$ in reality). but that doesnt mean ICM will reduce your own trading cost by 2$ too! you can sign up under an IB yourself, and get, say, 5.5$ commission. anyhow, your main issue doesnt the commission or the spread, but the too tight SL/TP and slippage.Ignored
Disliked{quote} And too the tight stops yes i use a fixed stop at 2 pips but i am training on loosing now and i must be able too close out the trades when they goo against me soo mayby i should set the stop at 5 pips and learn too close out at 1 ore 2 pips instead because my system is based on going straight into profit and i am able too point that as i said 7 ore 8 times out of 10 but not able too take the losses....So instead i move stop and depend on it turning again and with scum brokers atleast having a feast on my behalf....Soo it boiles down too...Ignored