Which does not matter when trading forex.

Any newbie who has opened an account and installed a trader’s trading terminal is concerned with the question of what is most important when trading Forex.
 
There are quite a few important points, but they all have different effects on trading performance. And sometimes the parameters that are called basic are not at all important when using certain strategies or trading options.

So what and in what situations can you ignore when trading Forex?

The amount of the spread commission - does the Forex spread ?

It all depends on several things - the trading instrument and the ratio of transaction volumes to the trader’s deposit. The trading instrument is especially important, since the size of the spread depends on what you are trading.

And if when working with the most liquid currency pairs the commission size rarely exceeds 1-5 points, then when trading gold this difference can be as much as 50 points. Next, you should consider how much the Forex item , it all depends on the trading volumes and their ratio to the deposit.

For example, you have 1000 dollars, but you are trading only 0.1 lot, while 1 point will cost approximately 1 dollar, so a difference in the spread of 1 point will not affect the financial result at all. In another case, you already use the proportion of 1:500 and open a deal of 5 lots, 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 at all.

Order execution – there are two options: market and exact:

Market – the order is executed at the existing market price, taking into account the pre-set deviation in points.

Exact - the order is executed only if the price on the market matches the submitted order; requotes .

This parameter is practically of no particular importance, since the speed of execution itself depends on other reasons, the only thing being that with accurate execution, frequent refusals to open an order may occur.

Computer - many of my friends, having learned that I trade Forex, say that for these purposes I should have the most powerful and new computer.

And they are very surprised to learn that the work is done on a laptop that costs only a few hundred dollars. Forex programs for trading on the stock exchange are not resource-intensive applications and do not require powerful equipment. Signs in Quote – In most cases, it does not matter whether your broker provides a four or five figure quote.

Working with one of the options is more a matter of habit, the exception is trading on the shortest time periods, in this case it is advisable to use a five-digit quote. There are a lot of little things in Forex trading that sometimes you shouldn’t pay attention to. If we take the same trading conditions, then one trader working under unfavorable trading conditions can receive up to 30% per month, and another, trading with a minimum spread and other advantages , drain deposit after deposit.