Total volume so far this year? | Forex Factory

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Total volume so far this year?

  • #1
  • First Post: Nov 5, 2013 8:34pm Nov 5, 2013 8:34pm
I just noticed that I cracked $250 million in volume so far this year. That's over $12K in commissions! My profit to commission ratio is a bit scary. I never paid much attention to this, but it definitely adds up, especially when you've had a below average year. I need to bring that way higher next year. Time to ask my broker to cut my fees, or I walk. Well, I'll probably wait till the end of the year. Start fresh with a new broker in January. How much have you done so far? Count only 1 side of each trade please.
  • #2
  • Nov 5, 2013 9:09pm Nov 5, 2013 9:09pm
Wow. That's a big number but I guess depends on account size. I don't like leverage much and also trade on longer time frames. So far I have done $25mm notional (one side).

Total commission of about 2k (I use ib so there is per trade commission but lower spread in decent size).
Think : Trade : Live Life
  • #3
  • Nov 5, 2013 9:42pm Nov 5, 2013 9:42pm
Quoting stt
Wow. That's a big number but I guess depends on account size. I don't like leverage much and also trade on longer time frames. So far I have done $25mm notional (one side). Total commission of about 2k (I use ib so there is per trade commission but lower spread in decent size).
Not that big of an account. I do longer time frames as well but I tried to micro-manage my trades too much. For example, "oh, E/U is 1.2900. Round number. I'm long and making money, but I'll get out and wait for it to retrace back to 1.2890 and then I'll get back in again." Didn't work all that well and I ended up overtrading. I usually take the last week of Dec off, to go over my trades for the year and come up with ways to improve the next year. I might have to take 2 weeks this year because of all the bad bad trades I made.
  • #4
  • Nov 6, 2013 1:53am Nov 6, 2013 1:53am
which broker are you using for such high volume?
been there done that, Good Bye
  • #5
  • Nov 6, 2013 10:13am Nov 6, 2013 10:13am
Quoting card
I just noticed that I cracked $250 million in volume so far this year. That's over $12K in commissions! My profit to commission ratio is a bit scary. I never paid much attention to this, but it definitely adds up, especially when you've had a below average year.
Just checked the >4.5 k commissions/rebates this year & bit surprising to know having traded approx 1500 standard lots ($150 mln) on just the experimental trading i do on guinea pig tiny accounts (some 800lots on 3 acc's linked on Trade explorer itself) on a mt4 broker
Haven't checked my 2 conventional acc volumes but think won't be more than above all. Nothing on rebate front there though (didn't use a IB when opened back then)


P.S.
IMO , high(or even medium) volume traders should definitely use IB's to earn rebates/commissions on their own trading. Why not to earn free money & its not very small anyway. I think of it a kind of small reimbursement for bad lucks in trading like stops triggered on spikes, bad fills , missed opportunities etc ..lol
Personally very satisfied with my cash rebate provider/IB.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #6
  • Nov 6, 2013 1:15pm Nov 6, 2013 1:15pm
Quoting card
{quote} Not that big of an account. I do longer time frames as well but I tried to micro-manage my trades too much. For example, "oh, E/U is 1.2900. Round number. I'm long and making money, but I'll get out and wait for it to retrace back to 1.2890 and then I'll get back in again." Didn't work all that well and I ended up overtrading. I usually take the last week of Dec off, to go over my trades for the year and come up with ways to improve the next year. I might have to take 2 weeks this year because of all the bad bad trades I made.
yes. i used to micromanage too but have learned to be more passive now. my work is enough high freq trading so no need to do it in my PA. but i think micromanaging like this is futile unless you backtest your method of when you will sell out of winning trade to get in back lower etc. It is no different than original entry really. you can even think of your getting out as a separate trade and track performance of all those separately.

Anyhow, trading good volume and not loosing itself is not that easy (even though you feel you didnt make enough, first stage is to develop ability to stay flat at least). Looks like you have thousands of trades so you should be able to get a nice distribution from how your trades worked and what can you tweak to improve.

Happy Trading!!
Think : Trade : Live Life
  • #7
  • Nov 6, 2013 1:57pm Nov 6, 2013 1:57pm
I'm averaging about 60mil USD per month, and pay 18USD / mil in commission, so over 1k in commission per month. Never realized it was that much....
  • #8
  • Nov 6, 2013 5:17pm Nov 6, 2013 5:17pm
Quoting WhiteHorse
which broker are you using for such high volume?
MB Trading. That's not high volume. Note that I never put on more than $1M at a time in positions. Usually, MB has 3-6 millions dollars in size on bids and asks. I guess my overall commission cost is a bit lower because MB pays you for limit orders. If only I had done all limit orders, I would have had an extra $10K or so in my account.
  • #9
  • Nov 6, 2013 5:19pm Nov 6, 2013 5:19pm
Quoting JeremyWS
I'm averaging about 60mil USD per month, and pay 18USD / mil in commission, so over 1k in commission per month. Never realized it was that much....
$18 round turn?
  • #10
  • Nov 7, 2013 2:27am Nov 7, 2013 2:27am
Quoting card
{quote} $18 round turn?


18$ for a mil, roundturn or not.

or simply 18$ for 10 lots. If your trade size is 5 lots, for instance, then yes it will be your "roundturn" because you can use the other 5 lots to close that trade.

Big Brokers/banks don't use the term roundturn. You simply pay for the size you trade. Opening and closing the same trade is 2 trades.
  • #11
  • Nov 7, 2013 6:59am Nov 7, 2013 6:59am
Quoting lumesh
{quote} 18$ for a mil, roundturn or not. or simply 18$ for 10 lots. If your trade size is 5 lots, for instance, then yes it will be your "roundturn" because you can use the other 5 lots to close that trade. Big Brokers/banks don't use the term roundturn. You simply pay for the size you trade. Opening and closing the same trade is 2 trades.
Based on what Jeremy said, it would be $18 roundturn, if he's paying a little over $1000 per month in commissions. Maybe, it's a slick marketing strategy for the brokers and banks to advertise commission per side? As you can tell, I'm a a cynic. I like to think in terms of roundturns. If you get in, you have to get out.
  • #12
  • Nov 7, 2013 7:32am Nov 7, 2013 7:32am
Quoting card
{quote} Based on what Jeremy said, it would be $18 roundturn, if he's paying a little over $1000 per month in commissions. Maybe, it's a slick marketing strategy for the brokers and banks to advertise commission per side? As you can tell, I'm a a cynic. I like to think in terms of roundturns. If you get in, you have to get out.

There is no such a thing as a "round turn" in the real terms. You get in - one trade, you get out - another trade. If Jeremy is getting in with a mil worth of a position he pays 18$ - when he gets out of that mil worth of a position - another 18$. Do you understand ?

The "round turn" is brought up by small fx brokers that have their own terminology - lots (contracts), instead of quantity etc. etc.


Quoting card
I like to think in terms of roundturns. If you get in, you have to get out.
By all means, think the way you are used to or like. Just make sure you are not misunderstanding.

You pay for the quantity you trade. A simple as that. And, yes, each trade is INDIVIDUAL (regardless of whether you are actually closing an open trade). Actually there is no such a thing as "closing out" a trade. You sell something that you have bought and vise versa.
  • #13
  • Nov 7, 2013 10:38am Nov 7, 2013 10:38am
Quoting card
{quote} $18 round turn?
If I bought $500,000 and then covered that trade the total volume would be 1 mil so I pay $18 over the life of the trade. as Lumesh says, there is not really a concept of round trip, I buy and then sell at market and so total volume is considered.
  • #14
  • Edited 6:07pm Nov 7, 2013 5:44pm | Edited 6:07pm
Quoting lumesh
{quote} There is no such a thing as a "round turn" in the real terms. You get in - one trade, you get out - another trade. If Jeremy is getting in with a mil worth of a position he pays 18$ - when he gets out of that mil worth of a position - another 18$. Do you understand ? The "round turn" is brought up by small fx brokers that have their own terminology - lots (contracts), instead of quantity etc. etc. {quote} By all means, think the way you are used to or like. Just make sure you are not misunderstanding. You pay for the quantity you trade....
Thanks. I understand what you're saying. The point I was trying to make is that when you get in, you have to get out. So, to make one full trade, you have to account for transaction costs on both sides. Now, you make a profit or a loss by getting in and then getting out. So, your net p/l is p/l - roundturn commission. Whether or not the "pros" use this language is not that important. At least not to me.

I also prefer to use lots instead of actual quantities. I trade x lots per $ amount in equity.
  • #15
  • Nov 7, 2013 6:48pm Nov 7, 2013 6:48pm
What is the purpose of this thread? is it just some kind of competition, showing how much volume do you trade?

I am kind a suprised that traders who trade reasonable sizes (250M in 11Months or even 60M/Month is not excactly big, but still reasonable) are not aware of their total trading costs.

Just because commission is expressed in $/100k or 1M, a lot of people seems to ignore it, but its easy to convert these commission costs to the pip equivalent.
The commission is a fixed markup to the spread, which has to be taken in account when calculating the cost of a trade.
  • #16
  • Nov 16, 2013 6:03am Nov 16, 2013 6:03am
Quoting JeremyWS
I'm averaging about 60mil USD per month, and pay 18USD / mil in commission, so over 1k in commission per month. Never realized it was that much....
Hi, which broker are you using, that commission rate sounds really low.
  • #17
  • Edited 7:13am Nov 16, 2013 7:01am | Edited 7:13am
Total yearly volume is almost 500 stranded lots I PAY 18USD/LOT on one lot of EUR/USD, got my cash back @ 7.6USD/LOT. In one year I have 2770USD cash back.
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don't predict direction, but dance with flow of water
  • #18
  • Last Post: Nov 16, 2013 9:33am Nov 16, 2013 9:33am
Quoting priceaction1
Total yearly volume is almost 500 stranded lots I PAY 18USD/LOT on one lot of EUR/USD, got my cash back @ 7.6USD/LOT. In one year I have 2770USD cash back. {image}
So i am not really excited about that costs. So its is 18$/100.000 traded? thats 10 times more jeremy claimed to have. There are a lot of brokers who are a lot cheaper.
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