[Newbie] Broker selection: Saxo VS IB (I have <100k in stocks)
Apologies if this question has been asked a million times but was wondering, for those who switch from Saxo > IB or are considering the 2 what were some of your considerations. I am a beginner investor so I do not trade so many times a year. I started trading this year and will likely trade about 3/4 times a year, 5-15k lump sum to 1 ETF every time. I know much of the praise for IB is the reduced fees (trading fee + forex), however after reading multiple websites and it says that IB is only good for - Frequent trades - > $100K portfolio For forex costs I’ve opened a subaccount in SAXO and would be putting in the foreign currency via Transferwise I am planning to sell all and move to IB when I hit 100k. (i think it would take a few years) is this wise? I am wondering for those who have shifted from Saxo > IB or decided to start with IB what were your decision-making criterias?
I’m 18 and want to start Forex. What mistake will I have to avoid at all cost?
I’m 18, currently going to follow Economics in university and want to learn and trade Forex as a side income. The knowledge I gain from uni will benefit me in my trading while trading will bring me adequate money for my study (I live in Vietnam so the money I can potentially make in Forex is gonna be huge enough). I intend to start with a deposit of 300$ and build it up slowly while working a part-time job beside studying and pour 50% of that money into Forex (my parents still support me financially until I finish uni so that’s a plus). Is there anything that I should know before actually trading, since Forex is a high risk - high reward way to make money? I don’t want to burn my hard-earned money due to my ignorance.
With TIOMARKETS you get best in league resources and tools to support your trading account. Now you can easily open your forex trading account by registering in with your basic information. Read more....
Forex bonus is a platform where one can open a forex account, it is a reliable and trust worthy portal where you can sign up with merely just one click .with TIOmarkets you can get Lowest cost trading conditions. Read more....
FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Margin trading also provides another type of cost that is even more prevalent in forex trading than it is in stock trading. Forex trading typically requires a very high amount of leverage because of the size minimums placed on certain types of forex trades. Traders who do not have enough cash must trade via financing. The cost of trading forex What is the cost of trading forex? The cost of trading is the overall expense that a forex trader has to incur in order to run their trading business. There are optional costs for things that the trader may wish to purchase, such as news services, custom technical analysis services and faster connections, and compulsory costs, which are expenses that every trader must ... Forex trading exposes you to risk including, but not limited to, market volatility, volume, congestion, and system or component failures which may delay account access and Forex trade executions. Prices can change quickly and there is no guarantee that the execution price of your order will be at or near the quote displayed at order entry. Forex trading cost and charges . Overnight funding fees; When you trade derivatives with us, you trade on margin. This means you provide a deposit to open a position, and we in effect lend you the rest of the money required. If you close your position on the same day, there is no funding fee.
Minimise Your Forex Trading Commissions by Adam Khoo
If you're new to Forex trading, have less than a year of experience, or you want to learn more about Forex markets, then this course is for you. ** FREE TRAD... Commissions are the largest costs in your trading business. Learn the factors that impact your transaction costs and how to minimise the costs of forex tradi... This video is on the truth and reality of forex. Follow my Instagram AmazingArmani For More! This is not a get rich quick scheme like most people think it is... Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com C... The Costs Of Opening And Holding A Forex Trade - Duration: 11:25. Trading 212 27,329 views. 11:25. 93. How to Calculate Forex Trading Profits and Losses - Duration: 7:44.