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  • #1,130,361
  • Aug 27, 2017 4:14pm Aug 27, 2017 4:14pm
Quoting Samson85
{quote} See this why your not built for this. You are still focusing on the spread and not the goal. So your scared of being stopped? Well something tells me you're never going to drive an exotic car because believe me you'll get 'stopped' by feds from time to time due to the value of it. Think about the growing the value of your account and not being stopped due to spreads. Do you only 'spread' half your toast with butter because your afraid of running out of butter? 'Stop' acting like a *ussy!! I have witnessed you come down hard on ppl in here...
you have lost the plot... its like trying to get to the goal with a 5 man team instead of 11 (football/soccer reference) you have been fired from management and have lost everything.

you are fucking retarded. sorry. ban me or whatever you like for this

http://www.financemagnates.com/execu...oes-it-matter/
  • #1,130,362
  • Aug 27, 2017 4:14pm Aug 27, 2017 4:14pm
Quoting Connors
{quote} Not cool mate not cool. Let's calm down shall we, a very tough week is ahead of us. Don is a very good - brilliant actually - trader and I vouch for him at all times, I think you two misunderstood each other.
Nah he is a bully and has the audacity to cry about spreads. He should be complaining about margins if anything.
  • #1,130,363
  • Aug 27, 2017 4:17pm Aug 27, 2017 4:17pm
Quoting ZenNy
{quote} short 1940
also GU short 2911

long term trades.....

....back at LO to take money out of market movers pockets....
trading is simple but is simple is not easy.
  • #1,130,364
  • Aug 27, 2017 4:17pm Aug 27, 2017 4:17pm
Quoting Samson85
{quote} Nah he is a bully and has the audacity to cry about spreads. He should be complaining about margins if anything.
margins? why would I? its idiots like you who act like they know everything and don't know anything, or act like they bought EU at 1.035 and are still holding in 10mil floating pnl... no picture no trade imo...

anyway go and spread your wings and learn some before coming here preaching about how spreads don't matter... you'd be quite easy to sell to wouldn't you...
  • #1,130,365
  • Aug 27, 2017 4:17pm Aug 27, 2017 4:17pm
Quoting Don96
{quote} you have lost the plot... its like trying to get to the goal with a 5 man team instead of 11 (football/soccer reference) you have been fired from management and have lost everything. you are fucking retarded. sorry. ban me or whatever you like for this http://www.financemagnates.com/execu...oes-it-matter/

See he has now resulted to swearing because he is a brute and is insecure. He likes to come down hard on ppl but when faced with adversity he folds!!

Go and apply for a credit card mate that way you can trade more freely. Ps just remember they charge interest so be careful.
  • #1,130,366
  • Aug 27, 2017 4:20pm Aug 27, 2017 4:20pm
Quoting Samson85
{quote} See he has now resulted to swearing because he is a brute and is insecure. He likes to come down hard on ppl but when faced with adversity he folds!! Go and apply for a credit card mate that way you can trade more freely. Ps just remember they charge interest so be careful.
and if they charge insterest at 10% or 1% youd be going for the one that charges 10%...

i can take it when people come down hard... but you dont have a clue about what you are on about and are lost in trying to get across your hate for me and then actually what the point of spread is...
  • #1,130,367
  • Aug 27, 2017 4:20pm Aug 27, 2017 4:20pm
I agree with Don96 in this lil discussion here.
Spread is ultimately the only factor deciding success or failure.

Imagine trading with flipping a coin - after a million trades, you are still at your starting balance - because both win and loss has exactly equal 50% chance.
Add spread, or any other commission - after a million trades, guaranteed bankruptcy.

And before you say "yeah, but my strategy has 90% chance of winning", no it does not. The best of the best get, say, 51% profitability in my example. Just enough to cover the commissions in the long run.
Pension fund Return This Month: 2.2%
  • #1,130,368
  • Aug 27, 2017 4:20pm Aug 27, 2017 4:20pm
Quoting Don96
{quote} margins? why would I? its idiots like you who act like they know everything and don't know anything, or act like they bought EU at 1.035 and are still holding in 10mil floating pnl... no picture no trade imo... anyway go and spread your wings and learn some before coming here preaching about how spreads don't matter... you'd be quite easy to sell to wouldn't you...
Like I said go and try trading the eur/nok or eur/pln or even eur/trk and then you can complain about the finances around trading.

You are itching about the most traded pairs in the world on forex which confuses me.
  • #1,130,369
  • Aug 27, 2017 4:21pm Aug 27, 2017 4:21pm
Quoting Don96
{quote} i am very confused... how is spread irrelevant.... it also gets you a better fill if its lower... this guy has ABSOLUTELY NO idea of what he is doing surely... considering spread is the cost of the trade essentially... why the fuck would you want to be paying 3 or 4x what you need to... please enlighten me if i am missing the point...

Don, spread is surely the cost of your trade.Brokers tend to cash in 8 to 20 dollars per each lot you trade which reflects to 0.8 up to 2.0 spreads. However, this is never certain, at times when liquidity providers of the brokers pull out liquidity, you will not be able to see those spreads anymore.

If you check your account opening documents with your broker, they specifically tell you "spreads from 0.8 or say 1.1 pips". It is never a guarantee.

You may move to an ECN account where you pay a dollar amount for the total volume you trade and you will have up to 0 spreads. But again, this is not a guarantee with many brokers. Every broker is tied to a few liquidiy providers, during rollovers or high impact news you should not expect the usual spread of say UK session. Best spreads usually tend to happen when US and UK sessions are open at the same time since more liquidity providers are working for your orders.

If you'd like to try the efficiency of your broker, try to open an ECN account or get an access to Currenex, you will see some difference but the end result won't be much different. It all has to do with the liquidity pool you are connected to.
  • #1,130,370
  • Aug 27, 2017 4:22pm Aug 27, 2017 4:22pm
Quoting Samson85
{quote} Like I said go and try trading the eur/nok or eur/pln or even eur/trk and then you can complain about the finances around trading. You are itching about the most traded pairs in the world on forex which confuses me.
i dont want to trade those pairs... hence why i dont...

yes and if i can get lower spreads then i will...
  • #1,130,371
  • Aug 27, 2017 4:24pm Aug 27, 2017 4:24pm
Quoting Connors
{quote} Don, spread is surely the cost of your trade.Brokers tend to cash in 8 to 20 dollars per each lot you trade which reflects to 0.8 up to 2.0 spreads. However, this is never certain, at times when liquidity providers of the brokers pull out liquidity, you will not be able to see those spreads anymore. If you check your account opening documents with your broker, they specifically tell you "spreads from 0.8 or say 1.1 pips". It is never a guarantee. You may move to an ECN account where you pay a dollar amount for the total volume you trade...
oh yeah i understand what spread is...

but if i can get 0.0 spread on EU majority of the day and pay x commission... if my win rate increases and the costs are lower/profit is higher... then its a no brainer...?
  • #1,130,372
  • Aug 27, 2017 4:24pm Aug 27, 2017 4:24pm
Quoting Connors
{quote} Don, spread is surely the cost of your trade.Brokers tend to cash in 8 to 20 dollars per each lot you trade which reflects to 0.8 up to 2.0 spreads. However, this is never certain, at times when liquidity providers of the brokers pull out liquidity, you will not be able to see those spreads anymore. If you check your account opening documents with your broker, they specifically tell you "spreads from 0.8 or say 1.1 pips". It is never a guarantee. You may move to an ECN account where you pay a dollar amount for the total volume you trade...
Finally, some sense put forth
Markets are Irrational
  • #1,130,373
  • Aug 27, 2017 4:28pm Aug 27, 2017 4:28pm
Quoting Don96
{quote} oh yeah i understand what spread is... but if i can get 0.0 spread on EU majority of the day and pay x commission... if my win rate increases and the costs are lower/profit is higher... then its a no brainer...?
Your buddy has just let you know the conclusion.

Go get some whisky along with some Vaseline to give yourself a hand job to bed!!
  • #1,130,374
  • Aug 27, 2017 4:28pm Aug 27, 2017 4:28pm
Quoting Don96
{quote} oh yeah i understand what spread is... but if i can get 0.0 spread on EU majority of the day and pay x commission... if my win rate increases and the costs are lower/profit is higher... then its a no brainer...?

I fear it won't but give it a try mate. You may need to adjust your trading strategy based on low liquidity sessions man.
  • #1,130,375
  • Aug 27, 2017 4:30pm Aug 27, 2017 4:30pm
Quoting Connors
{quote} I fear it won't but give it a try mate. You may need to adjust your trading strategy based on low liquidity sessions man.
yeah after NY and close of day ill probs cancel orders. get done quite a bit there... but thats my own fault.. its when the spread gets me in usual hours when im like wtf
  • #1,130,376
  • Aug 27, 2017 4:30pm Aug 27, 2017 4:30pm
posters with ego issues...again!
I can.I will. End of story.
  • #1,130,377
  • Aug 27, 2017 4:33pm Aug 27, 2017 4:33pm
Quoting Don96
{quote} oh yeah i understand what spread is... but if i can get 0.0 spread on EU majority of the day and pay x commission... if my win rate increases and the costs are lower/profit is higher... then its a no brainer...?
Where u get 0.0 on EU majority of the day and what is the commission per lot?
  • #1,130,378
  • Aug 27, 2017 4:38pm Aug 27, 2017 4:38pm
Quoting mades
{quote} Where u get 0.0 on EU majority of the day and what is the commission per lot?

Most likely much higher than 20 dollars per each lot. I don't know any high street broker who would offer such a guarantee without ripping you off.
  • #1,130,379
  • Aug 27, 2017 4:41pm Aug 27, 2017 4:41pm
Quoting Connors
{quote} Most likely much higher than 20 dollars per each lot. I don't know any high street broker who would offer such a guarantee without ripping you off.
thats like 2.0 spread.
  • #1,130,380
  • Aug 27, 2017 4:42pm Aug 27, 2017 4:42pm
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