Tuesday, June 1, 2010
Late entry
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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3 comments:
Dear Forexbird,
how often do u get 0 spreads in ur trading..
and, do u get negative spreads as well like 112.344/112.334 instead of 112.344/112.365
many thanx..
gid bless..!!
0 spreads is not common on eurjpy.
This here spread matters a lot, I mean if we are working with broker who charges low spread then it is absolutely ideal to even go with late entry, but if we are working with broker that charges higher spread then it is pretty hard to work with that. I don’t have to pay much spread, as I work with OctaFX broker; it is only 0.2 pips that I am required to pay, so even if I enter late, I can still work out a profitable trade which is perfect.
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