That does not play a role in forex trading.
Any beginner, open an account and establish trade trader terminal care question – what is most important in forex trading. Important things a lot, but they all have different effects on the efficiency of trade.
And sometimes the parameters that are called primary, is not important when using certain strategies or trading options.
So what, and under what circumstances you can ignore, trading forex?
The magnitude of the spread of the commission – whether the difference between the spread forex? It all depends on a few things – tools of trade and the volume ratio of transactions with a deposit of a trader.
Especially important trading tool, as it is depending on what you sell, and the value depends on the spread. And if working with the most liquid currency pairs commission rate rarely exceeds 1-5 points, when trading gold, this difference can be up all 50 points.
Next to be seen how much he weighs forex item, it all depends on the volume of trade and the ratio of them to deposit. For example, you have $ 1,000 and are trading only 0.1 lot, while 1 point will cost about $ 1, so the difference in spreads in paragraph 1 did not affect the financial result. In either case, you are already using a ratio of 1: 500 and open trade of 5 lots, is now 1 point turns into $ 50, which is already 5% of the deposit amount.
It follows that the spread plays a role, depending on the trading tactics, and, in some cases, you can not pay attention to its size.
Execution of orders – there are two options market and precise:
Market – order is executed at the current market price, taking into account the pre-exposed deviation in points.
Exact – the order is executed only if the market price corresponds to the filed application, you may receive re-quotes.
This option is almost does not matter, since the very speed of execution depends on other factors, the only thing at the exact execution may experience frequent failures in the opening order.
Computer – many of my friends learned that I trade forex, expressed that for this purpose I have to be the most powerful and new computer. And much surprised to learn that work is done on a laptop costing only a few hundred dollars. forex software for trading on the stock exchange are not demanding applications and do not require powerful hardware.
Signs in the quotation – in most cases it does not matter, four or five-figure quote provided by your broker. Robot with one embodiment of this is more a matter of habit, an exception is trading at very short time intervals, in which case it is desirable to use a five-figure quote.
In forex trading, there are many details that are sometimes one should not pay attention, if you take the same trading conditions, one trader operating on the unfavorable trading conditions, can receive up to 30% per month, and the other by trading with tight spreads and other benefits , merge the deposit for a deposit.
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