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Hidden Costs of Trading You Must Know In this educational article, we will discuss the hidden costs of trading. 1 - Brokers' Commissions Trading commission is the brokers' fee for opening a trading position. Usually, it is calculated based on the size of the trade. Though most of the traders believe that trading commissions are too low to even count them, the fact is that trading on consistent basis and opening a couple of trading positions weekly, the composite value of commissions may cut a substantial part of our profits. 2 - Education Of course, most of the trading basics can be found on the Internet absolutely for free. However, the more experienced you become, the harder it is to find the materials . So you typically should pay for the advanced training. Moreover, there is no guarantee that the course/coaching that you purchase will improve your trading, quite often traders go through multiple courses/coaching programs before they become consistently profitable. 3 - Spreads Spread is the difference between the sellers' and buyers' prices. That difference must be compensated by a trader if one wished to open a trading position. In highly liquid markets, the spreads are usually low and most of the traders ignore them. However, being similar to commissions, spreads may cut the substantial part of the overall profits. 4 - Time When you begin your trading journey, it is not possible to predict how much it will take to become a consistently profitable trader. Moreover, there is no guarantee that you will become one. One fact is true, you should spend a couple of years before you find a way to trade profitably, and as we know, the time is money. More time you sacrifice on trading, less time you have on something else. 5 - Swaps Swap is the fee you pay for transferring a position overnight . Swap is based on a difference between the interests rates of the currencies that are in a pair that you trade. Occasionally, swaps can even be positive, and you can earn on holding such positions. However, most of the time the swaps are negative and the longer you hold your trades, the more costly your trading becomes. The brokers' commissions, spreads and swaps compose a substantial cost of our trading positions. Adding into the equation the expensive learning materials and time spent on practicing, trading becomes a very expensive game to play. However, knowing in advance these hidden costs, the one can better prepare himself for a trading journey.
OANDA:XAUUSDEducation
by VasilyTrader
5
Learn The HIDDEN Costs of Trading In this educational article, we will discuss the hidden costs of trading. 1 - Brokers' Commissions Trading commission is the brokers' fee for opening a trading position. Usually, it is calculated based on the size of the trade. Even though most of the traders believe that trading commissions are too low to even count them, the fact is that trading on consistent basis and opening a couple of trading positions weekly, the composite value of commissions may cut a substantial part of our profits. 2 - Education Of course, most of the trading basics can be found on the Internet absolutely for free. However, the more experienced you become, the harder it is to find the materials. So you usually should pay for the advanced training. Moreover, there is no guarantee that the course/coaching that you purchase will improve your trading, quite often traders go through multiple courses/coaching programs before they become consistently profitable. 3 - Spreads Spread is the difference between the sellers' and buyers' prices. That difference must be compensated by a trader if one wished to open a trading position. In highly liquid markets, the spreads are usually low and most of the traders ignore them. However, being similar to commissions, spreads may cut the substantial part of the overall profits. 4 - Time When you begin your trading journey, it is not possible to predict how much it will take to become a consistently profitable trader. Moreover, there is no guarantee that you will become one. One fact is true, you should spend a couple of years before you find a way to trade profitably, and as we know, the time is money. More time you sacrifice on trading, less time you have on something else. 5 - Swaps Swap is the fee you pay for transferring a position overnight. Swap is based on a difference between the interests rates of the currencies that are in a pair that you trade. Occasionally, swaps can even be positive, and you can earn on holding such positions. However, most of the time the swaps are negative and the longer you hold your trades, the more costly your trading becomes. The brokers' commissions, spreads and swaps compose a substantial cost of our trading positions. Adding into the equation the expensive learning materials and time spent on practicing, trading becomes a very expensive game to play. However, knowing in advance these hidden costs, the one can better prepare himself for a trading journey. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
10
What Mcafee Knows and did not say! costs you only 5Mins!Hi freinds, I wish that u had a good time (specially the holders that see a sunshine 0.00% after a dark night!). Right onto the real deal! Do You remember my first published text on Monday 19.03.2018? (if not BTCReal price undervalued(no more bubble!)could not stay<7-8k! ). I have said a clue that was forgotten by many charters and analysers! the BTC 1.38% is not a paper like money, have a real value(like gold -0.26% that word of mining and miner referring on that!) based on a real costs like miner devices, energy, electricity ...etc. Differing to many of coins (like XRP) the Satoshi's algorithm is defined a unique way that let the mining process to become always more and more complicated and therefor more expensive(yes but reminding that our technology will make us better and more powerful mining devices but Bitcoins 1.38% price getting that hype in the last 6 Months of 2016 had a so intensive Momentum that made it for our technology's evolution untouchable to set his new acceleration's rate so high like Btc 1.38% ). That caused this acceleration phenomen (i call it or actually define it with this word!) that made the mining process to be always more expensive. On the other hand the hype of public attention (cryptomania! the media power!) could be so strong that this time the increasingly mining process had no chance to catch it and being counted in comparison to the Cryptomania . (actually it was not so irrational like his name and mean to buy a good more expensive as the real cost/price ratio. Why it could becoming more expensive tomorrow! in reality try to buying the future!) It made it not just an accelerated increasing model of price-charts, even far away much speedier what i call it as "logarithmic pattern"like what we have learned and see it just in mathematics but not in a real market even high-tech stocks . Take a look to the red line bottom of the chart. Its a line that could be reached by dips and bottoms. This line have been tones of times used by analysers(so called Trend line) but no one could explain why it is do hard to predict it with all of indicators. Sometimes would match with fibonacci Retracement but not always and if, it could come through any percentage that lead some of analysers use this pattern but more without standart fibonacci Percentages!. I have thought about that so many times... Why we could see it only after the crash of cryptomania have made by the Media. I did Know the Effect of Media made crazy manner but what have i not noticed was the forgotten slowly increasing real Value (based on Minings costs) of BTC so underestimated that this market called as speculative markets(and the last one is actually well matched by a standard bubble effect!) But what made the BTC so strong all the time to hold on? Then i have noticed the 3rd Factor the forgotten real Value! That show his self sometimes as trendline, or technical support but just in periods that we dont have any hype and could be almost defined as average of the mining costs + about 1K! And as you see this line have changed laterly increasingly the angle that showed the accumulating effects of the expanding transactions defined by satoshi-System + rising interest for mining in publicity! Jeah!you Know what Mr. Mcafee knows and made it sure about that! ( So sure to betting his Manhood on it)! Yes! now that the secret is finally revealed take a look at my chart one more time and trying to recall some of the math-stuff in school.can you see the pattern? The real Btc-chart of value is actually disclosed and showed his real pattern (also accelerated by the increasingly mining difficulty=see the Angles) to after the ending of the public hype amid to crashing from his bubble(by comparison between the speculative with cost-based price!! IF you liked it plz 0.00% like & use with copyright!! Light be with You!
BITFINEX:BTCUSD
by Dr_shibeh
4