Although successful trading takes a lot of hard work, self discipline and determination,obeying just a few simple rules will result in much better performance even for beginners that is why I humbly recommend Mr Remy Willock he is indeed the man behind my weekly profiting
Yeah you are right, some vital information were given out here, I know they are true because they correspond with the teachings of my mentor Mr. Larry Kent Burton and he is a very successful trader
Wow what a small world, I was thinking I was the only one benefitting from the trading strategies of Mr. Larry Kent Burton, I guess you can’t hide that level of talent
Nice Video clip! Apologies for chiming in, I would love your initial thoughts. Have you ever tried - Schallingora Trading Shark Scheme (should be on google have a look)? It is a smashing exclusive guide for revealing an amazing forex technique to succeed fast without the headache. Ive heard some amazing things about it and my old buddy Taylor at very last got amazing results with it.
Omg I've gone through dozens of videos, with hours of watch time without any success. Now I grasp the whole concept from you in less than 6 mins . Thanks so much! Appreciate it. I'm now a subscriber
I watch about 12 videos on this topic and yours was the easiest to understand. Props to you for keeping it very informative and also simple to learn 👍🏾💯
Forex is all about technical and fundamental strategies, charts and patterns, graphs, market news etc. There are many things to learn in Forex business. This video is good for every Forex trader, though it is short video but yet useful. I am trading with MR PAVIL CONRAD. so happy to find him as my contract trader . he is so much supportive towards his customers. I trust him with my money because his trading pattern ensures winning every time.
Jacky Woo-hoo yeah he accepts new investors who are willing to learn the step he use to make consistent profit.connect him via email for more info Consultpavilconrad@gmàil com
Mr pavil Conrad is a sure pass to success he always ensures winning with his consistent pattern on trading love his services they are safe and reliable .
I doubted mr pavil about his trading services And he now have showed me the real meaning of profit such a cool way to make money with mr pavil Conrad as my contract trader noting can go wrong
Sir, does this mean that if my broker is changing, let's say, 2pips spread, and I'm trading with 0.2 lot size, I'm going to be automatically charged $4 as I open a trade because the value per pip when trading with 0.2 lot size is $2 on a mini account. And their charges will be 60 cents if I'm trading with 0.03 lot size on a micro account?
So if the spread is say 2 pips and you open a trade using 1 standard lot ($10/pip), does that mean the broker makes $20 from that trade? So the money they make from the spread is dependant on your lot size used? I understand spread but I don't understand how the broker makes money from it.
Rob, you could have added some more to it like, with Oanda, one can pay a flat fee of $50 to get 0 spread or markup. Am I correct?. Also is it worth for beginners?
Spread is a common topic to Forex traders. It is the way of earning of brokers. The broker will have no problem whatsoever selling off the dollars they just bought, so they do not need to charge you, the trader, a higher spread. Trade12 charges a smallest spread to the traders starting from 0.1 and it definitely accelerates trader’s profit.
So, does the broker charges the spread only when we buy or even charges it when we sell? And if the broker charges a spread while we are selling the asset, how is it making a profit?
ater open a buy trade i saw this pair spread is very high i get a big loss in this trade sir please guide how spread price move? and why not this stayable for examle this time is spread 0.006 and after 1 hour this spread can go upto 0.200 what is reason behind this
If you get into a bad trade , you will lose an arm and leg to begin with lol. Not sure if you place a limit order, do you still pay the spread commission?
Spread, lies between ask and bid price, refers to commission taken by a broker. It’s a great issue because dedicated trading brokers always take small spread from traders. FXDirects broker takes raw trading leverage from traders from 0.0 that increases trader’s profit indeed.
@toki toka Spread is actually a part of risk. A lot of people think risk is just stop loss. The latter is only one part of risk. Other parts of risk might include spread, swaps, fees and other charges. The reason why stop loss is important is because in most cases it decides the take profit. It is a percentage of take profit. But stop loss is only important to certain people. This is what the video's don't tell you. Stop loss is important for people who set the trade and then leave their computer. It's to make sure the brakes are pulled on their loss and their account doesn't get wiped out. But most importantly stop loss only matters when you lose the trade. If you win the trade you still got your stop loss. You haven't lost anything, except other costs and charges like spread, swaps, fees etc. A lot of traders are now promoting trading without stop loss, which is fine if you're at your computer monitoring your trades. There are some video's that will teach you the whole setup, which goes like this. For instance if you want to set a fifty pip stop loss then set the stop loss at 45 pips instead and allow 5 pips to cover the spread and other costs. What is most important is how the spread is taken from your balance, otherwise you won't be aware your account is leaking a few dollars with every trade. What my broker does is very sneaky. If you make a trade you must watch it closely from the very beginning to know what it's costing you. Let's say you set a buy stop. The first thing you notice is that you're starting off with a negative balance. And the bigger that your position size is , the bigger is your negative balance. In the case of a buy stop your balance won't turn positive until price is well above the entry line. By the time this happens, one part of your risk has been paid off. If you watch the trade section underneath the chart you will find to the right there is something called swaps or fees or costs. These titles can interchange. But the point is if there is an amount underneath it in dollars, then its a cost that hasn't been paid yet. Actually I think the amount might be in pips. My broker usually sent me a monthly account. I noticed every month the balance was less than I expected. Then i saw a column with another fee being deducted from every trade I made. It was usually between $2 and $5 but I understood that if I made bigger trades those balances would have been bigger. The point is they are charging you all the way, before you make money, while you make money and also after you've made money. You must be aware of everything it costs you to make a trade. And when you trade with big money, "spread" takes on a whole new meaning. It's not longer the brokers cost. It's the market mover's cost. To answer Adam's question spread is multiplied by position size ($$$/ pip). Toki ...spread is deducted from tp to get total profit. Question is when ?? At the end of the trade where you can see it or at the end of month when you don't expect it. Sometimes you can see money being taken out of your account but you can't identify for what its being taken, because spreads, swaps, fees and charges are all roughly of a similar amount in some cases.
If you're new to trading, you might well wonder if it's really possible to make a living from currency trading, given that the overwhelming majority of small traders do not.
Yes, it's definitely possible to make a consistent income from forex trading. The issue with many beginner traders is that they underestimate the level of commitment required to really succeed.
Making a consistent income off trading Forex definitely requires help from those pro traders who have come before us. I do my trades with Mr Sanjay Otter’s platform.
Thinking about trading approaches, you'll come to realize that what your forex broker provides for analysis isn't enough. Your trading system may require purchasing trading tools, or powerful news feeds, but with Mr Sanjay Otter’s platform its easy. Joshua from Italy
i think i have the basic knowledge but the account am using require very small deposit but the spreads that the broker is offering are way to high , make me feel like am basically just surviving , am a day trader and in that other video u said there are not a lot of succesfull day trader but i need yourr help and i want to learn
This dudes probably the best forex teacher i've encountered
This is a good one, traders with no experience in financial markets repeat the same mistakes that cost them dearly
Although successful trading takes a lot of hard work, self discipline and determination,obeying just a few simple rules will result in much better performance even for beginners that is why I humbly recommend Mr Remy Willock he is indeed the man behind my weekly profiting
Love his trade system,he ensure safe investment and better risks management
I believe that we all have our choices to make here. Not everyone trust an expert trader that's why they trade themselves and get losses than profits
Seen so much appraisal directed to this Mr Remy, How can I get to him for expert guidance ?
I admire his his trade simplicity a lot and his ability to utilize your investment and ensure it’s profitable at the end
As an upcoming forex and Bitcoin trader I totally understand the gravity of the knowledge you are trying to pass across, thanks for the info
Yeah you are right, some vital information were given out here, I know they are true because they correspond with the teachings of my mentor Mr. Larry Kent Burton and he is a very successful trader
You are 100% correct, that was why I commented also, I have been trading, investing and making profit with Mr. Larry kent burton or years now
Wow what a small world, I was thinking I was the only one benefitting from the trading strategies of Mr. Larry Kent Burton, I guess you can’t hide that level of talent
Excuse me please, I’m interested in working with him, what’s the best way of communicating with him
Yeah you are right, that’s the best way to connect with him
Im 2 min in to the video and this make has just cleared everything up for me. MAN great content.
Darkskin_ KC thank you for the kind words!
Nice Video clip! Apologies for chiming in, I would love your initial thoughts. Have you ever tried - Schallingora Trading Shark Scheme (should be on google have a look)? It is a smashing exclusive guide for revealing an amazing forex technique to succeed fast without the headache. Ive heard some amazing things about it and my old buddy Taylor at very last got amazing results with it.
Omg I've gone through dozens of videos, with hours of watch time without any success. Now I grasp the whole concept from you in less than 6 mins . Thanks so much! Appreciate it. I'm now a subscriber
I watch about 12 videos on this topic and yours was the easiest to understand. Props to you for keeping it very informative and also simple to learn 👍🏾💯
This is a bit confusing for me
Wow you are such a great teacher, I was so confused listening to others until I listened to your video. Great content!
im halfway through your vid and out of the others ive watched yours is best explained so far, ty !
Now I have a better grasp of the spread! Great explanation and I love the e-board!
Clearest ever only tutorial in TH-cam and elsewhere
Hey Great Video ! One of the best tutorials on here!
Forex is all about technical and fundamental strategies, charts and patterns, graphs, market news etc. There are many things to learn in Forex business. This video is good for every Forex trader, though it is short video but yet useful. I am trading with MR PAVIL CONRAD. so happy to find him as my contract trader . he is so much supportive towards his customers. I trust him with my money because his trading pattern ensures winning every time.
Dose mr Pavil Conrad still offer trading services for beginners?
Jacky Woo-hoo yeah he accepts new investors who are willing to learn the step he use to make consistent profit.connect him via email for more info Consultpavilconrad@gmàil com
Nice information
Mr pavil Conrad is a sure pass to success he always ensures winning with his consistent pattern on trading love his services they are safe and reliable .
I doubted mr pavil about his trading services And he now have showed me the real meaning of profit such a cool way to make money with mr pavil Conrad as my contract trader noting can go wrong
Came at the right time sir. Send lesson 1,2,3,4,5 pls. At least I got no 6
Thank you for your explanation. I have started the spread trading.
I see why you're a best seller 🙌
Thank you so much for this. I now understand what is a PIP.
😂😂😂😂I'm addicted to your presentations
one thing i do to benefit from spread is to hit the button on a candle spike, it makes a big difference
What does it do?
No keep SAYING THAT MAN !!! Be the BEST YOU ARE THE BEST 🤘🏾
Understood everything in the first 2m30s thank you
FINALLLLY I GET IT. Such a great and simple explanation. Hopefully I understand the lot size thing next
Sir, does this mean that if my broker is changing, let's say, 2pips spread, and I'm trading with 0.2 lot size, I'm going to be automatically charged $4 as I open a trade because the value per pip when trading with 0.2 lot size is $2 on a mini account. And their charges will be 60 cents if I'm trading with 0.03 lot size on a micro account?
Yes
Very great break down. Thank you
Very well explained 🙇🏾♂️.
So if the spread is say 2 pips and you open a trade using 1 standard lot ($10/pip), does that mean the broker makes $20 from that trade? So the money they make from the spread is dependant on your lot size used? I understand spread but I don't understand how the broker makes money from it.
Yes
Respect to you Sir!
You are amazing you cleared my doubts Thankyou so much you are great
Rob, you could have added some more to it like, with Oanda, one can pay a flat fee of $50 to get 0 spread or markup. Am I correct?. Also is it worth for beginners?
Spread is a common topic to Forex traders. It is the way of
earning of brokers. The broker will have no problem whatsoever selling off the
dollars they just bought, so they do not need to charge you, the
trader, a higher spread. Trade12 charges a smallest spread to the traders
starting from 0.1 and it definitely accelerates trader’s profit.
Thank u this vedio is really helpful to me btw I'm a new trader
I will be digesting this one so long
you explain forex very well
So, does the broker charges the spread only when we buy or even charges it when we sell? And if the broker charges a spread while we are selling the asset, how is it making a profit?
Can you tell witch way a pair is going just by looking at the price and the mark ups
he was explanation clearly but im still dont understand it how do markup from spread and rebate from buy and sell
Brokers get that spread when you open the trade. But do they get another one if you close a trade?
So what you’re saying is the broker got it at the market price and sold it for a profit.
Bingo
Sometimes, the broker doesn't always sell at a profit because the trend goes against them too.
wait so does the spread go to the FXbroker? If so, how exactly will I, as the trader, make money? Please answer anyone, I would appreciate it!!
Any online classes?
Can you start trading with a 100 buck's Rob and what will the margin be if any...thanks I am learning trading with a micro lot.
Hey Rob, I heard you've a best selling book? Not sure where I heard that :)
Wow, actually really helpful.
What base broker will increase or decrease the spread?
can you sell without buying?
Great explanation, thank you
So it should show rhe lower spread the better
Thank you very much Sir, that is super clear
ater open a buy trade i saw this pair spread is very high i get a big loss in this trade sir please guide how spread price move?
and why not this stayable for examle this time is spread 0.006 and after 1 hour this spread can go upto 0.200
what is reason behind this
Understood perfectly
If you get into a bad trade , you will lose an arm and leg to begin with lol. Not sure if you place a limit order, do you still pay the spread commission?
That's what I want to know too, but it is possible since the spread pips change at anytime
You should add you're rebate referral links
Great job sir thank you very much
Spread, lies between ask and bid price, refers to commission
taken by a broker. It’s a great issue because dedicated trading brokers always take
small spread from traders. FXDirects broker takes raw trading leverage from
traders from 0.0 that increases trader’s profit indeed.
Awesome Explanation (y)
I love the video thanks man
Thanks for the video!! :)
Can I place limit orders to buy at 106.90 or do I have to purchase at the asking price?
You can do whatever
i love the intro
How can i get these slides sir?
Is the spread multiplied per share or is it just added to the entire trade?
technically you add it to the stop loss to calculate your total cost.
@toki toka Spread is actually a part of risk. A lot of people think risk is just stop loss. The latter is only one part of risk. Other parts of risk might include spread, swaps, fees and other charges. The reason why stop loss is important is because in most cases it decides the take profit. It is a percentage of take profit. But stop loss is only important to certain people. This is what the video's don't tell you. Stop loss is important for people who set the trade and then leave their computer. It's to make sure the brakes are pulled on their loss and their account doesn't get wiped out. But most importantly stop loss only matters when you lose the trade. If you win the trade you still got your stop loss. You haven't lost anything, except other costs and charges like spread, swaps, fees etc.
A lot of traders are now promoting trading without stop loss, which is fine if you're at your computer monitoring your trades. There are some video's that will teach you the whole setup, which goes like this. For instance if you want to set a fifty pip stop loss then set the stop loss at 45 pips instead and allow 5 pips to cover the spread and other costs.
What is most important is how the spread is taken from your balance, otherwise you won't be aware your account is leaking a few dollars with every trade. What my broker does is very sneaky. If you make a trade you must watch it closely from the very beginning to know what it's costing you. Let's say you set a buy stop. The first thing you notice is that you're starting off with a negative balance. And the bigger that your position size is , the bigger is your negative balance. In the case of a buy stop your balance won't turn positive until price is well above the entry line. By the time this happens, one part of your risk has been paid off. If you watch the trade section underneath the chart you will find to the right there is something called swaps or fees or costs. These titles can interchange. But the point is if there is an amount underneath it in dollars, then its a cost that hasn't been paid yet. Actually I think the amount might be in pips.
My broker usually sent me a monthly account. I noticed every month the balance was less than I expected. Then i saw a column with another fee being deducted from every trade I made. It was usually between $2 and $5 but I understood that if I made bigger trades those balances would have been bigger. The point is they are charging you all the way, before you make money, while you make money and also after you've made money. You must be aware of everything it costs you to make a trade. And when you trade with big money, "spread" takes on a whole new meaning. It's not longer the brokers cost. It's the market mover's cost.
To answer Adam's question spread is multiplied by position size ($$$/ pip).
Toki ...spread is deducted from tp to get total profit. Question is when ?? At the end of the trade where you can see it or at the end of month when you don't expect it. Sometimes you can see money being taken out of your account but you can't identify for what its being taken, because spreads, swaps, fees and charges are all roughly of a similar amount in some cases.
So how do you make a profit
Idiot
Nath is floating 😂 i know Nath have come to understand everything by now and his making good money
If you're new to trading, you might well wonder if it's really possible to make a living from currency trading, given that the overwhelming majority of small traders do not.
Yes, it's definitely possible to make a consistent income from forex trading. The issue with many
beginner traders is that they underestimate the level of commitment required to really succeed.
Making a consistent income off trading Forex definitely requires help from those pro traders who have come before us. I do my trades with Mr Sanjay Otter’s platform.
That’s good. How can I get in touch with this Mr Sanjay or his platform? Heard a lot about him from his clients.
+1 872201 8317 that’s his working line. Contact him and directly and thank me later.
Thinking about trading approaches, you'll come to realize that what your forex broker provides for analysis isn't enough. Your trading system may require purchasing trading tools, or powerful news feeds, but with Mr Sanjay Otter’s platform its easy. Joshua from Italy
is leverage mandatory?
nope
Why do I see spreads of about 103 sometimes though? And it changes a lot
I think there's meant to be a . dot somewhere in that number but they don't show it on the charts.
@@zipodipo7923 no dot, a broker can set as little or much spread as they like, at anytime.
The lesson is the wider the spread the greater the fees. Now I get it. Just like some women.
Lmaoo greatest comment
😂😂
Yo mama pig
The spread for gold is always very high
Cheers.
Nice
i will buy your book
fx trading 101 wow thats alot
i think i have the basic knowledge but the account am using require very small deposit but the spreads that the broker is offering are way to high , make me feel like am basically just surviving , am a day trader and in that other video u said there are not a lot of succesfull day trader but i need yourr help and i want to learn
DOPE!
2
Whats up with all these bots in comment section.