[QUOTE=“EDDY MO;499070”]guys, not much, up to 3 pips (very rarely) , but im ok with whatever happens as aaafx give me full refund on market volatility (of course audited and reasonable). Have not experienced it though yet.
gkawa, are you sure it’s 20…more like 2 it totally reasonable…but 20 pips slippage is not accustomed …maybe he made a typing mistake or was a spammer or something. anyhow, there is this slippage table you can consult with each broker and provider.[/QUOTE]
Hi guys,
Mind of advice here a bit. As I’m going to open a micro account to try out. Should I go for AAAFx or FXCM in term of slippage commission and transaction charges. Pls advice I’m in a dilemma here.
you put me in a dilemma here…they are both good brokers. However keep in mind that AAAFx is directly integrated with zulutrade and there is no extra commissions on using the autotrading platform. slippage with aaafx is usually minimal and there is full refund if markets go bizarre. FXCM you will be paying both commissions and slippages together.
[QUOTE=“EDDY MO;499480”]you put me in a dilemma here…they are both good brokers. However keep in mind that AAAFx is directly integrated with zulutrade and there is no extra commissions on using the autotrading platform. slippage with aaafx is usually minimal and there is full refund if markets go bizarre. FXCM you will be paying both commissions and slippages together.[/QUOTE]
Hi eddy,
Thanks for the quick respond. So how bout the transaction charges as seems AAAFx implement low slippage no Commission but they charge withdrawal of USD25 and deposit fees for 2.9%. But FXCM no deposit and withdrawal fees but need to pay 1pip in commission and a higher slippage. So all in which is better.
flat fees are once , (the deposit fees are not true) where-else the commission and slippage are per trade you receive- so the math is quite simple here. As for extra FXCM charges - ask FXCM, im really not an expert as Ive never had an account with them.
What I usually do is the following - I use the ranking and follow the top 5 and then pick one or two rising starts - meaning up to a month’s good performers - this way I get to get some good positive trading curve!
btw, you are zuluguarding right?
[QUOTE=“EDDY MO;500301”]I am not a trader …and Im sorry but I keep my follower’s account private…
whatever you wish to know feel free to ask …
right now i am following: The good life1, Newwave, and fenix7 with 0.1 lots and 5 trades alltogether. 33 % margin risk :47:[/QUOTE]
Thanks Eddy don’t you think The good life have some trading lost as he seems got some issue with his strategy and not providing much gain, same as fenix7 which also had some hiccup.
Newwave I’m still following him since last demo until this and still provide me some good result.
He seems a bit fresh only traded for 12 weeks and i notice there is a huge DD on May. dont you think its a bit risky?
He had another account call Increasing deposit which i follow before and not doing well.
Hi Eddy, I am about to test the Zulu waters… Just a quick question. What kind of risk level you have? Is that 6% too high? I am looking for some long term profits.
Money Management:
As a beginner I recommend you to start with the Risk-bar-Meter in the Portfolio.
To avoid a margin call you should set the risk meter bar in a range between 10% – 25%.
Manage your personal risk even more with ZuluGuard. The tool ZuluGuard was created by ZuluTrade to protect followers against strong drawdowns.
In future I will write a full money management guide for my blog. As soon Iam done, I could give you some further details. Furthermore I plan to build a little tool to analyse trader really quick.
Thank you so much for the response. Actually I am not new to the Forex. What I do not understand here is why we need to take 25% risk with capital? Normally in Forex you would take max 5% risk if you need long term success. Am i missing something here?
