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Are trading costs the main reason of losses in trading?

  • #21
  • May 31, 2019 6:57am May 31, 2019 6:57am
Quoting Lk009
{quote} Guys, who is Dukas?
He was a guy that used to run around here calling everyone a liar and a scammer and a scammers helper or call you names like boy and say you didn't know the basics of trading every posted had the word basics in it in hindsight it was hilarious but at the time it was irritating

I don't think he's intentions were coming from a bad place though he just got carried away
  • #22
  • May 31, 2019 8:35pm May 31, 2019 8:35pm
no, stop hunting is , then brokers manipulations like with spread widening and stuff.

this game is full of booby traps
  • #23
  • Jun 2, 2019 7:28am Jun 2, 2019 7:28am
Quoting patterncode
no, stop hunting is , then brokers manipulations like with spread widening and stuff. this game is full of booby traps
sure, that't why we need control everything we can, namely average slippages on opening/closing, slippages, execution speed.
  • #24
  • Jun 2, 2019 9:22am Jun 2, 2019 9:22am
Quoting patterncode
no, stop hunting is , then brokers manipulations like with spread widening and stuff. this game is full of booby traps
If you use any regulated broker these days that’s even half reputable then the chance of them manipulating spreads to take out orders is close to 0%. That would shut them down after the first audit they have by the regulatory authority.
  • #25
  • Edited 3:22am Jun 3, 2019 1:18am | Edited 3:22am
Quoting ProjectM
{quote} If you use any regulated broker these days that’s even half reputable then the chance of them manipulating spreads to take out orders is close to 0%. That would shut them down after the first audit they have by the regulatory authority.
The main topic isn`t about any manipulation, but just quolity of liquidity.
Some brokers have very wide list of liquidity providers, so their top of book is full.
Some brokers think that it doesn`t matter or i don`t know

But the difference is huge for traders
  • #26
  • Jun 11, 2019 7:23am Jun 11, 2019 7:23am
Btw
interesting video regarding the thread
Darwinex trading cost review

Inserted Video
  • #27
  • Jun 11, 2019 8:26am Jun 11, 2019 8:26am
Quoting Lk009
{quote} sure, that't why we need control everything we can, namely average slippages on opening/closing, slippages, execution speed.
I agree, its all about stop hunting.
Trading costs aren't that important if you keep nailing trades without your stop loss being hit.
Trading thin liquidity at the boundary of the charts
  • #28
  • Jun 12, 2019 2:26am Jun 12, 2019 2:26am
Quoting RickM
{quote} I agree, its all about stop hunting. Trading costs aren't that important if you keep nailing trades without your stop loss being hit.
Perhaps you have never faced with profitable systems and different results. From great result on good liquidity to negative result on bad liquidity at all.

For example OANDA and FXCM.
FXCM provides more chances only because of better trading cost.
  • #29
  • Edited 4:57am Jun 15, 2019 4:43am | Edited 4:57am
Quoting ProjectM
{quote} If you use any regulated broker these days that’s even half reputable then the chance of them manipulating spreads to take out orders is close to 0%. That would shut them down after the first audit they have by the regulatory authority.
Mister joker here doesnt quite understand regulation. There is no control what they do on their servers. Darwinex likes to eat your stops by widening spreads out of the blue just like almost all cfd brokers. I have seen spread eating stops while price still 20 pips away in thick volume trading oil. Only way to avoid this is using no stops. Think forex not that bad during high volume sessions but they will likely try eat your stop if you swap something as well. They give you reasons like is thin liquidity, can always happen, even when trading futures but it isnt..
Best thing is to study the ways they like to s-crew you most by demo trading them for a while another good thing is to avoid cfd brokers like the plague!
Life is great!!
  • #30
  • Jun 15, 2019 4:58am Jun 15, 2019 4:58am
Not at all; even nowadays trading cost is too little! So, it’s not an issue; the matter is low trading skill!
  • #31
  • Jun 15, 2019 5:02am Jun 15, 2019 5:02am
Quoting NeilWagner
Not at all; even nowadays trading cost is too little! So, it’s not an issue; the matter is low trading skill!
Best thing for you is to find the rigth broker with the biggest spreads!
Life is great!!
  • #32
  • Jun 15, 2019 8:13am Jun 15, 2019 8:13am
Spread is only a problem for scalpers. Even an 'expensive' broker can be dealt with a solid mid term strategy. (please don't forget the key word, solid). Just my humble opinion.
  • #33
  • Jun 15, 2019 8:27am Jun 15, 2019 8:27am
Low volatility is the main reason, IMO.

Forex isn't consistently volatile enough. If it were, you could make a living trading a 1 min chart 2 hours a day. You can do that on the US e-mini futures or the HSI/HHI futures in Hong Kong. You can have many, many low risk, high reward, moderate avg winning pcts (40-60%) in that kind of environment because the trending characteristics are better (less chop within the trend).
  • #34
  • Jun 15, 2019 11:41am Jun 15, 2019 11:41am
Yes, I think the trading cost is part of the trading business. However, it can be really high as you can see from my account. I have paid almost $3000 commission in one and half month. My spread is as low as 0 and commission is only $6 per 100K.
Every trader needs an emotion risk manager
  • #35
  • Jun 15, 2019 8:47pm Jun 15, 2019 8:47pm
Quoting 2xfx
Yes, I think the trading cost is part of the trading business. However, it can be really high as you can see from my account. I have paid almost $3000 commission in one and half month. My spread is as low as 0 and commission is only $6 per 100K.
It's part of the trading cost, which you must take into account when calculating the profitability of you trading system. Swap costs can eat up to 5~15% of my trade's profit.

But largely newbies fail because of their trading efficiency, as in successfully executing 100% of the trade signals given to you by your system.
  • #36
  • Jun 18, 2019 1:14am Jun 18, 2019 1:14am
Quoting NeilWagner
Not at all; even nowadays trading cost is too little! So, it’s not an issue; the matter is low trading skill!
Trading skill doesnt matter if you trade with giant trading cost
in the best way it helps you to save zero position
  • #37
  • Jun 18, 2019 1:18am Jun 18, 2019 1:18am
Quoting landorra
Spread is only a problem for scalpers. Even an 'expensive' broker can be dealt with a solid mid term strategy. (please don't forget the key word, solid). Just my humble opinion.
yes, i agree, but at expensive broker you profit will be lower, so why?))
  • #38
  • Jun 18, 2019 1:19am Jun 18, 2019 1:19am
Quoting CLTrader
Low volatility is the main reason, IMO. Forex isn't consistently volatile enough. If it were, you could make a living trading a 1 min chart 2 hours a day. You can do that on the US e-mini futures or the HSI/HHI futures in Hong Kong. You can have many, many low risk, high reward, moderate avg winning pcts (40-60%) in that kind of environment because the trending characteristics are better (less chop within the trend).
Of course, but i think the main factor is
average daily volatility/trading cost of one deal
  • #39
  • Jun 18, 2019 1:22am Jun 18, 2019 1:22am
Quoting 2xfx
Yes, I think the trading cost is part of the trading business. However, it can be really high as you can see from my account. I have paid almost $3000 commission in one and half month. My spread is as low as 0 and commission is only $6 per 100K.
Under Trading Cost i mean expenses for 1 deal in pips, but not overall paid commission.
you can pay even 1000000$ comission per month and you can have low trading cost in pips for one deal.

What about slippages at your account?
  • #40
  • Jun 22, 2019 10:57am Jun 22, 2019 10:57am
Quoting 2xfx
Yes, I think the trading cost is part of the trading business. However, it can be really high as you can see from my account. I have paid almost $3000 commission in one and half month. My spread is as low as 0 and commission is only $6 per 100K.
Could you please share you account link?
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