β»οΈπππππππ π
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12 Dec 2024 15:20
EURJPY is now running 55 pips in profit. Congrats π₯³!
As always, guys, you know what to do now. Close half of your profit and let the rest run with breakeven.
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
β»οΈπππππππ π
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12 Dec 2024 14:47
Sharp entry on EURJPY! Iβm looking for a sell since the news data shows a weakening Euro currency. π―
Now running 40 pips in profit. You can set breakeven now, as we donβt know how big the movement will be. Better to go for a risk-free trade.
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
β»οΈπππππππ π
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12 Dec 2024 12:54
NICE SETUP TEAM 80 PIPS DONE β‘β‘
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β»οΈπππππππ π
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12 Dec 2024 10:40
Gold Sell : 2716.50 - 2719.50
Sl : 2722.50
Tp1 : 2711.50
Tp2 : 2706.50
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β»οΈπππππππ π
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12 Dec 2024 09:51
BOOM BOOM TP2 + RUNNING 50 PIPSπ¦π¦
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
β»οΈπππππππ π
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12 Dec 2024 08:10
GOLD SELL NOW
(2719.5- 2721.5)
TP1: 2718
TP2: 2715.5
STOP LOSS: 2724.5
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
β»οΈπππππππ π
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12 Dec 2024 08:10
Good morning guys!β€οΈ
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β»οΈπππππππ π
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07 Dec 2024 16:45
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Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
β»οΈπππππππ π
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07 Dec 2024 16:38
I got you all!
No Trading Session Today π
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07 Dec 2024 16:37
Happy Weekend Guys!β€οΈ
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β»οΈπππππππ π
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06 Dec 2024 15:59
Sell Gold @.7-2639.7
Sl :2641.7
Tp1 :2634.2
Tp2 :2631.7
Enter Slowly-Layer with proper money management
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
β»οΈπππππππ π
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06 Dec 2024 15:39
XAU/USD SELL: 2632 - 2635
TP1: 2629
TP2: 2626
SL: 2638
~use proper $ management
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β»οΈπππππππ π
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06 Dec 2024 15:39
FAST ACTION, FAST REWARD! β‘
Gold sell active 55 pipsπ
DONE HIT TP 1 β
β
Let's secure 70% profit. Hold 30%
Stick to breakeven+ okay?
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
β»οΈπππππππ π
ππππ πππππππ (π
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06 Dec 2024 15:38
Wuhoo! Super sharp entry +50PIPS & HIT TP1Β β
Enjoy guys! Donβt forget to close half profit and set breakeven now !!
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
β»οΈπππππππ π
ππππ πππππππ (π
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06 Dec 2024 13:33
[The hidden cost of copy trading that nobody tells you]
Copy trading is a business.
So, if youβre not being charged any upfront fee, then youβre paying more for the spread and overnight fees.
Iβll explainβ¦
For most Forex brokers, the spread on EUR/USD is 1 pip. But on a copy trading platform, you might pay 2 to 3 pips more.
But donβt take my words for it because you can compare the spreads of a normal Forex broker with a copy trading platform and youβll see the difference.
So, whatβs the implication?
Two things.
#1: If youβre a trader being copied, then bear in mind your trading strategy wonβt work as well because youβre paying more in spread (compared to a typical Forex broker).
#2: If youβre copying another trader, then itβs best to follow traders who trade infrequently so the spread doesnβt eat up a huge chunk of your profits.
Now, the spread isnβt your only cost because you still have to consider overnight fees (if youβre holding positions for longer than a day).
This fee is calculated by taking Libor + X%.
(Libor stands for inter-bank offered rate. Itβs an interest rate that banks charge to other banks for borrowing the money.)
So, what is X?
Well, this is the mark up thatβs determined by the copy trading platform and youβll need to check with them for the exact amount.
The good news is, you donβt have to worry about calculating all these because the platform will likely do it for youβso do check it out before placing a trade.
Now, there are probably other fees to consider but the spread and overnight fees make up the chunk of it.
Π§ΠΈΡΠ°ΡΡ ΠΏΠΎΠ»Π½ΠΎΡΡΡΡ…
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