Which does not matter when trading forex.

Any newbie who's opened an account and installed a trading terminal is concerned about the most important aspects of Forex trading. There are many important factors, but they all impact trading results differently.
 
Sometimes, parameters considered essential are completely irrelevant when using certain strategies or trading methods.

So, what factors, and in what situations, can be ignored when trading Forex?

Commission size and spread – does the Forex spread ? It all depends on several factors – the trading instrument and the ratio of trade volumes to the trader's deposit.

The trading instrument is especially important, as the spread size depends on what you're trading. While commissions rarely exceed 1-5 pips when trading the most liquid currency pairs, when trading gold, this difference can reach as much as 50 pips.

Next, consider the weight of a Forex pip ; this depends on the trading volume and its ratio to the deposit. For example, if you have $1,000 and trade only 0.1 lots, 1 pip is worth approximately $1, so a 1-pip difference in spread will have no impact on your financial results. Alternatively, if you use a 1:500 ratio and open a 5-lot trade, 1 pip becomes $50, which is 5% of the deposit.

This means that the spread plays a role depending on trading tactics, and in some cases, its size may be completely ignored.

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

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

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

This parameter is practically irrelevant, as the execution speed itself depends on other factors; the only issue is that exact execution may result in frequent order rejections.

Computer – many of my friends, upon learning that I trade Forex, say that I must have the most powerful and latest computer for this purpose. They are very surprised to learn that I work on a laptop that costs only a few hundred dollars. Forex trading programs are not resource-intensive applications and do not require powerful hardware.

Quote digits – in most cases, it doesn't matter whether your broker provides a four- or five-digit quote. Working with one of these options is more of a matter of habit, with the exception of trading on the shortest timeframes, in which case it's advisable to use a five-digit quote.

In Forex trading, there are many small details that sometimes shouldn't be overlooked. Considering the same trading conditions, one trader working under unfavorable trading conditions can earn up to 30% per month, while another, trading with minimal spreads and other advantages, can lose deposit after deposit.