Are trading costs the main reason of losses in trading? | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is it Possible to Hide Main chart/Main Window? 6 replies

Do you believe tight stop-losses cause losses in the long run? 76 replies

Do you believe fixed stop-losses cause losses in the long run? 16 replies

Survey: Reason for Trading 6 replies

The REAL reason why nearly every trader fails. Can you solve this trading dilemma? 85 replies

Attachments: Are trading costs the main reason of losses in trading?
Exit Attachments

Are trading costs the main reason of losses in trading?

  • #141
  • Edited 1:49pm Aug 8, 2019 1:25pm | Edited 1:49pm
Quoting tropical_g
{quote} whatever bs you are talking please keep it to yourself. I have been trading since 2005 and have seen your kind come and go like flies on the wind. assumption won't get you anywhere it will only make you look like a fool

I has nothing to do with me. I just worked out your profile using publicly available retail forex statistics. If I have since one kind come and go it's certainly the likes of you.
You are many and never the same "you" due to slow or sudden loss of funds (;
And last but not least is the commercial type. Now for sure they know many successful retail forex traders and you can be assured they are proud retail forex millionaires as well Yes siree.
  • #142
  • Aug 8, 2019 1:29pm Aug 8, 2019 1:29pm
Quoting Mingary
{quote} Because it gives me great satisfaction! Like the majority who chose retail forex I have deep seated masochistic tendencies with an unconscious drive to financial suicide rendering me in a constant state of unhappiness and despair. I mean, really, what is your reason for placing a trade ?
To make money, I have no other motivation. I know you were being sarcastic but in every joke there is some truth so I am inclined to somewhat believe you haha
  • #143
  • Aug 8, 2019 1:51pm Aug 8, 2019 1:51pm
Quoting Mingary
{quote} I has nothing to do with me. I just worked out your profile using publicly available retail forex statistics. If I have since one kind come and go it's certainly the likes of you. You are many and never the same "you" due to slow or sudden loss of funds (;
you have worked out nothing. all you have is an assumption and it will get you nowhere. what makes you think I am a regular statistic. I don't know anything about you but your whole attitude is one of failure. maybe you can't make it as a trader and feel bitter about it. I don't really know and I don't really care. move on, go be a statistic somewhere else.
  • #144
  • Edited 2:33pm Aug 8, 2019 2:18pm | Edited 2:33pm
Quoting tropical_g
{quote} you have worked out nothing. all you have is an assumption and it will get you nowhere. what makes you think I am a regular statistic. I don't know anything about you but your whole attitude is one of failure. maybe you can't make it as a trader and feel bitter about it. I don't really know and I don't really care. move on, go be a statistic somewhere else.
I worked it out in more ways than you can possibly imagine

"to make it as a retail forex trader" sometime i wonder if such a thing really exists...,,,,,,,
  • #145
  • Aug 8, 2019 2:40pm Aug 8, 2019 2:40pm
Quoting Mingary
{quote} I worked it out in more ways than you can possibly imagine "to make it as a retail forex trader" sometime i wonder if such a thing really exists... not
it doesn't make a difference what you believe you have worked out. if you don't understand how the market works you will never find success no matter how many ways you carve it
  • #146
  • Aug 8, 2019 4:57pm Aug 8, 2019 4:57pm
Quoting tropical_g
{quote} it doesn't make a difference what you believe you have worked out. if you don't understand how the market works you will never find success no matter how many ways you carve it
How the market works?
Yes I know this. Either like a casino or a brothel
... probably both

I don't go there. I have seen all the players getting some nasty RFTTD
  • #147
  • Aug 8, 2019 7:03pm Aug 8, 2019 7:03pm
Quoting Mingary
{quote} ok, I can work with that. Breaking this down per retail forex participants statistics 1) " I know a lot of successful traders " I can safely assume that you don't know a lot of (many) successful retail forex traders. 2) "everyone has one thing in common, can you guess what that is?" Indeed, I can guess. I can safely assume that "everyone"'s retail forex trading record is "half lived half lied" at best and not doing too well even in the best of times. Them are some of the facts ...

naughty naughty mate i do well all the time
people leave, but this thread will go on for ever
  • #148
  • Aug 9, 2019 6:51am Aug 9, 2019 6:51am
Quoting komposter
{quote} I see.. No trade explorer, no account with expectancy > 60 pips, just a sharp tongue By the way, I have found your "trading" journal (link could be very helpful yesterday). There are many charts with your analyze, but I don't see any trades. So there are no expectancy at all. It is sad (
You seem very slow to take the challenge, so I posted my trades on the G$ in my journal this morning and am posting updates as I go. Please feel free to join in with your trading ideas.
  • #149
  • Aug 9, 2019 8:08am Aug 9, 2019 8:08am
Quoting hellsbells
According to my (private) TE I've traded 150 lots this year. Look I'm not putting it out there that I'm successful, I spin my wheels mostly with a couple of hard crashes. It's a work in progress but pepperstone and IC makets both approx $7/lot trade. I like to trade GU periodically and have done so well, but it's spread I find is higher like 6 ?? Enough to send me back to UJ or AJ. I tried trading gold yesterday which was interesting,.and i traded the same lot size which offered a lot of bang for my buck, i think i shouldve traded a quarter of what...
Thanks again!
150 lots are about $2K paid (including spreads and slippages)! What this a percent from your balance? [don't tell me, just take a thought]
You can estimate your costs more clearly using this tool.

And... you can have lower commission on IC and Pepperstone. Let me know if you're interested.
  • #150
  • Aug 9, 2019 8:08am Aug 9, 2019 8:08am
Quoting GEfx
{quote} You seem very slow to take the challenge, so I posted my trades on the G$ in my journal this morning and am posting updates as I go. Please feel free to join in with your trading ideas.
I was busy yesterday.
I'll make a short video for you. Not with trading ideas, but with trading practice.
  • #151
  • Aug 9, 2019 8:12am Aug 9, 2019 8:12am
Quoting Mingary
The transaction cost (spread & commission) is tolerable But the worst of the worst is paying swap it's the hidden killer.. On positive swap the broker gives you next to nothing and on negative swaps they really pig out. It makes trading the forex the worst market to trade (in addition to the usual scams) In addition to market risk (chance of consistent result = zero) it absolutely guarantees that you will be paying for your broker's kids college tuition (;
You can trade without leverage and will not pay the swaps...
But you want to make 100%/month, don't you? =)
  • #152
  • Aug 9, 2019 9:33am Aug 9, 2019 9:33am
Quoting GEfx
{quote} You seem very slow to take the challenge, so I posted my trades on the G$ in my journal this morning and am posting updates as I go. Please feel free to join in with your trading ideas.
Here it is:
Inserted Video


Inserted Video


Inserted Video


The same accounts with 50K USD deposit, 3*1.0 lot deals on 3 different pairs, targets from 7 to 15 pips.
And 70 USD difference at the end.

I could wait more before closing, the difference will be the same.
Anyone can repeat this test.
  • #153
  • Edited 2:45pm Aug 9, 2019 12:18pm | Edited 2:45pm
Quoting komposter
{quote} Here it is: https://www.youtube.com/watch?v=haGb...bQ1KLPyTye7W33 https://www.youtube.com/watch?v=zuSE...ye7W33&index=2 https://www.youtube.com/watch?v=dz8l...ye7W33&index=3 The same accounts with 50K USD deposit, 3*1.0 lot deals on 3 different pairs, targets from 7 to 15 pips. And 70 USD difference at the end. I could wait more before closing, the difference will be the same. Anyone can repeat this test....
You're just messing with us, right? Here's a news flash: if you have a broker that offers a lower spread, your spread will be lower. Brilliant! But that's not the point, since no one who actually trades for living randomly enters orders and then sits back to see what happens. Only people who randomly enter orders (or who's lack of trading abilities are essentially delivering the some outcome) are worried about trading costs. I tried to show my approach today on my journal, and I think Aussi commented that when you are trading a 15 minute candle, trading costs are not part of the trading consideration. In your own inimical way, you have proven my point. If you are targeting, or have targets in mind, your trading is governed by your analysis and how PA unfold within the structure of that analysis, and that is what matters. If you have a positive outcome, it's because of your analysis and your trading composure, and the same hold true if you have a negative outcome. Your results have nothing to do with costs, but your abilities as a trader. I'm pretty sure that if trading costs were negative, most who believe this way would still lose.
One final thing -- the G$ hit my target today, too late on a Friday for me to still be in a trade, but target reached, as noted in my journal.
  • #154
  • Aug 10, 2019 1:41am Aug 10, 2019 1:41am
Quoting Aussi
{quote} naughty naughty mate i do well all the time
To point out the elephant in the room for all to see is my greatest joy.
  • #155
  • Edited 3:06am Aug 10, 2019 1:42am | Edited 3:06am
Quoting komposter
{quote} You can trade without leverage and will not pay the swaps... But you want to make 100%/month, don't you? =)
No leverage just means that it takes longer to lose a signicant amount of money.
It's interesting that swap cost is the least known hidden broker scam in retail forex.
  • #156
  • Aug 10, 2019 2:46am Aug 10, 2019 2:46am
Quoting Mingary
{quote} To point out the elephant in the room for all to see is my greatest joy.


“It’s critical for the crocodile to understand its prey and to know where to look for it and remain calm and patient until it arrives. """
people leave, but this thread will go on for ever
  • #157
  • Aug 11, 2019 2:54am Aug 11, 2019 2:54am
Quoting Mingary
{quote} No leverage just means that it takes longer to lose a signicant amount of money. It's interesting that swap cost is the least known hidden broker scam in retail forex.
You could be more selective with the trades you take and only take those which pay a positive swap
  • #158
  • Aug 11, 2019 3:54am Aug 11, 2019 3:54am
Quoting Mingary
{quote} No leverage just means that it takes longer to lose a signicant amount of money. It's interesting that swap cost is the least known hidden broker scam in retail forex.

So earning a rollover is a scam. What are the brokers gaining by paying you interest?

for someone that's been on this forum for 7 years you really haven't learned much! this is obviously the wrong business for you if you don't understand basic rate differentials.

country A has a rate of 2%
country B has a rate of 0%

Country A has a tighter monetary policy than country B and the cost of money is more due to the economic health of the economy. Country B has a loose monetary policy because the economy is struggling so the cost of money is free to encourage lending. As traders we don't hold any special escape from the cost of money and therefore if you buy country A's currency with a higher rate you will earn the interest and if you sell it you have to pay the interest. Brokers, which you call scammers, pass on the mechanism to you else they would be liable to pay the interest for your trading decisions or earn it. So instead of calling it a scam maybe you should quit because 7 years seemingly hasn't yeilded anything for you other than factually incorrect assumption..
  • #159
  • Aug 11, 2019 1:42pm Aug 11, 2019 1:42pm
Quoting Mingary
{quote} No leverage just means that it takes longer to lose a signicant amount of money. It's interesting that swap cost is the least known hidden broker scam in retail forex.
As tropical_g said, you pay swap only because you have leverage. Trade without leverage and don't pay swap. But your profit will be smaller too.
  • #160
  • Aug 11, 2019 1:58pm Aug 11, 2019 1:58pm
Quoting GEfx
{quote} You're just messing with us, right? Here's a news flash: if you have a broker that offers a lower spread, your spread will be lower. Brilliant! But that's not the point, since no one who actually trades for living randomly enters orders and then sits back to see what happens. Only people who randomly enter orders (or who's lack of trading abilities are essentially delivering the some outcome) are worried about trading costs. I tried to show my approach today on my journal, and I think Aussi commented that when you are trading a 15 minute...
Your idea is clear for me — if you trade bad, size of costs has no matter. And you're right, of course.

But you don't want to understand my idea. And it is very simple too: if you trade good, your results will be much better with low costs. Even more — with high costs your result might be not so good or even negative.
I talk not about 1, 2 or 5 percents of differense, it can be very significant.

Of course, if you trade 20 deals per year, trading costs will not affect you so much.

Good luck and have successfull week!
0 traders viewing now