The Truth Behind a Broker with 0 Pip Spread: What Your Broker Isn't Telling You
ฝัง
- เผยแพร่เมื่อ 29 ก.ย. 2024
- Are zero pips spreads too good to be true? In this video, we dive into the reality behind zero pips spreads and why they may not be as beneficial as they seem. Learn how brokers use low spreads as a marketing tactic and the potential dangers of slippage that come with it. Understanding the ins and outs of spreads and broker operations is crucial for any trader looking to succeed in the market.
What You'll Learn:
1. The misconceptions about zero pips spreads and why they can be misleading.
2. How brokers operate and the role of slippage in trading.
3. The importance of understanding the industry beyond just spread costs.
4. Why focusing on the bigger picture can save you from costly mistakes.
Why This Matters:
Traders often get lured by the promise of zero pips spreads without realizing the potential risks involved. By gaining a deeper understanding of how brokers operate and what spreads really mean, you can make more informed decisions and protect your trading capital.
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//DISCLAIMER
This video expresses our personal opinions only. Trading financial markets involves risk, and is not suitable for all investors. We are not responsible for any losses incurred due to your trading or anything else. We do not recommend any specific trade or action, and any trades you decide to take are your own.
I feel jealous on u uncle Navin,... Though am a new trader in the industry,.. inshallah Allah will help me too to reach out there,.. by the way am on ur side,... My GOAT 🐐🎯
It's great to have that motivation and drive! With dedication and the right mindset, you'll make great strides in your trading journey. Keep learning and growing-Navin's got your back! 💪🐐
We need a university for this industry 🥲
Agreed! 🔥
4:28 igot over slippage by learning how to wait for the spread to be in my strike zone at the right time for strong momentum plays....if the spread isn't in my strike zone for a setup for a buy or sell im sitting waiting. ..iwas working for NY EZ pass in a call center where isit and wait stare at a screen and wait for a call.. so siting and watching price is like me being at work watching a screen.....so the patience is there ...had to develop the discipline and the logic of time+ price=pportunities good ol TPO baby
ita game of price as Navins says the spread is price in live action anything past the spread above is future prices and below it are past prices ......learning to play the spread with precision= knowing how play price+entry =SL is at your own discretion
Precisely put! 😎
Anyone has any experience using IC Markets?
Let us know your findings!
So which forex broker do you suggest?
This is something we are unable to comment on, and you should conduct your research and check with the regulations. We do not endorse specific brokers, but you can find an overview of brokers based on our experience and that of long-term members in this article. It's important to note that while these brokers have been used by our community, they each have their strengths and weaknesses. Additionally, we do not participate in any Introducing Broker programs. For more details, you can explore the article here: www.urbanforex.com/blog/recommended-forex-brokers
Any good forex broker in India?
I have exness account
I use deriv u can sign-up it's a very good broker
Thank you for the recommendations. 😊
Since discharged from hospital 2 ago after brain tumor surgery this is the best advise I ever get. Thank you.
We're so glad to hear that this advice has been helpful for you, especially after your recent surgery. Wishing you a smooth recovery and continued strength on your journey!❤️
Nice one . Thank you Navin😊
You're welcome! Keep learning and growing! 😊
Navin is just the G.O.A.T
I HAVE BEEN BATTLING WITH THIS QUESTION RECENTLY
Thank you Navin
man your running after knowledge God knows
🔥🔥🔥
From india
Which broker you used
I would be keen to see a review of how
The backgrounds work when trading.
Topics such as:
Interest credited or debited on holding currency
Mid week rolllover fees on fx financing.
And other associated background stuff that is not readily advertised but it happening regardless.
Im sure this is a mine field but there gotta be some generic stuff that can be covered.
Just a point of interest.
That sounds like a very insightful topic to explore! Understanding the nuances behind trading can make a big difference. We'll look into those areas and see what I can find. Thanks for the suggestion!
Sir please tell which broker is good for Indian residents..asany brokers do not offer services in India
We don't endorse specific brokers, but you can find an overview of brokers based on our experience and that of long-term members in this article. It's important to note that while these brokers have been used by our community, they each have their strengths and weaknesses. Additionally, we do not participate in any Introducing Broker programs. You can explore more details in this article: www.urbanforex.com/blog/recommended-forex-brokers
Long time ago i heard money. Now I found that .... Who is that monkey.😊
Haha, sounds like a playful twist on words! Discovering new things can be quite amusing. What's caught your attention recently?
Kerala, thrissur
Which broker you used
Tamil tamil
@@mohamedriyas5447 is that a good one??
We can't recommend any brokers, but we can mention a few we have experience with or brokers that long-term members have experience with. Having said that, none of them are flawless. Also, we are on no Introducing Broker program.
They all have their pros and cons, but these are ok:
-Pepperstone
-Oanda
-FXPRO
-Dukascopy
-IB (Interactive Brokers) (Navin's Preferred Brokerage, he uses it himself)
This article will give you an overview of each one including their pros and cons.www.urbanforex.com/blog/recommended-forex-brokers
I hope this answers your question :)
next one on leverage navin!!!!!!!!!!
Definitely!
Huge insight... thanks
You're welcome :) Don't forget to subscribe so you don't miss any other videos in the future.
is this the AHA moment?
Definitely!
Webinar???
At the moment, nothing on this topic. 😅
😅😅😅👍👍👍
😅
👍
🔥
I think Navin used Interactive Brokers according one of his old videos
Yes, he does.
Which broker is that in Switzerland????
UBS.Union Bank of Switzerland.
😎