speaking of failing trades the other day i was reading about "Stop Hunting" and this guys was discussing (in a forum) how it feels like the market always goes against you whenever you enter a trade, and the tendency is you cut you lose and suddenly the market moves to your favor, I have encountered such situation and if you do not know what you are doing it is going to be another losing trade.. people say that the broker is going against you, but this guy was explaining that it is not the broker, but the financial firms and bank are the ones who are doing it...
I guess that's another factor for the that adds to the 90% fail/lost trades! here i go again speaking out my mind, I hope Im making some sense here and please don't quote me one this, I repear DON'T QUOTE me for I am also in the process of learning anyway, I agree people should not focus on spreads too much in general, low spreads may serve as a bonus.
I don't use the webtrader much, it makes me dizzy but at times I do process orders or close them on my Iphone, but thats about it.
I guess that's another factor for the that adds to the 90% fail/lost trades! here i go again speaking out my mind, I hope Im making some sense here and please don't quote me one this, I repear DON'T QUOTE me for I am also in the process of learning anyway, I agree people should not focus on spreads too much in general, low spreads may serve as a bonus.
Yes, I entered a trade on the EUR/USD with 0 spread.
There are many brokers that are going with next to 0 spreads. I remember in 2004 when the spread on the GBP/JPY was 12 pips. Now its 3, at times.
I'm with Hot Forex, not because of the spreads, but because their customer service and entire company has been excellent up to this point.
With the leverage, brokers have their way of making their money. The spreads can be a smoke screen, as is evidenced by the fact that on occasion I get 0 spread. Brokers know 90% of all traders fail.
There are many brokers that are going with next to 0 spreads. I remember in 2004 when the spread on the GBP/JPY was 12 pips. Now its 3, at times.
I'm with Hot Forex, not because of the spreads, but because their customer service and entire company has been excellent up to this point.
With the leverage, brokers have their way of making their money. The spreads can be a smoke screen, as is evidenced by the fact that on occasion I get 0 spread. Brokers know 90% of all traders fail.