Playing safe, it that's a thing :)

@Kagisopeter That is indeed a lot. In peak hours I have been trading with 0 pips.

 

In the world of forex trading, everyone wants to playsafe, and individually everyone tries to minimise the costs and risks associated in a trade. Proper evaluation of each factor, be it pairs or brokers will help to corner the risks.

 

And commission? Bet that will be a lot. Has to be. There’s nothing called cheap in trading.

 

There is a commission charge involved ($2) but I have calculated that paying $2 for round trade works cheaper than wide spreads. Especially for short term trades. Could be a different deal for overnight positions but I wouldn’t know because I am a true-blood day trader.

 

Who’s the broker?

 

Brokers! I am never comfortable putting all my money with just 1 broker. XM and fxview are the ones I am using as of now.

 

Is 4:1 ratio for risk too safe? What do you think?

 

Any experiences to share??

 

What currency are you trading?

 

What is the average size of your trade?