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Author Topic: With or without commission accounts?  (Read 185 times)

Attractor

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With or without commission accounts?
« on: June 10, 2019, 10:32:59 PM »
Avoid accounts without commission

Offer trades without apply any commission is a way to attract newbies to this kind of account. Read the recommended brokers section to see which kind of accounts we recommend, but we want to post here a consideration about commission / no commission accounts when the broker offers both options.

Choose always the account with commission. The account without commission has a simple trick very easy to understand, the commission is putted hiden using a wider spread.

This means at the first moment, that your entry price is worst. Until here you can think that altought the entry price is worst, you haven't paid commission, and therefore is the same. But in forward, during the life of the open order, the spread is still higher, and what this mean? mean touch the Take Profit less times, and mean touch the Stop Loss more times.

Don't seems much but the effect is more great than seems. And is specially critical in systems based on a large number of operations with a narrow value of profit / trade.
« Last Edit: June 10, 2019, 10:36:12 PM by Attractor »