[Newbie] Broker selection: Saxo VS IB (I have <100k in stocks)
Apologies if this question has been asked a million times but was wondering, for those who switch from Saxo > IB or are considering the 2 what were some of your considerations. I am a beginner investor so I do not trade so many times a year. I started trading this year and will likely trade about 3/4 times a year, 5-15k lump sum to 1 ETF every time. I know much of the praise for IB is the reduced fees (trading fee + forex), however after reading multiple websites and it says that IB is only good for - Frequent trades - > $100K portfolio For forex costs I’ve opened a subaccount in SAXO and would be putting in the foreign currency via Transferwise I am planning to sell all and move to IB when I hit 100k. (i think it would take a few years) is this wise? I am wondering for those who have shifted from Saxo > IB or decided to start with IB what were your decision-making criterias?
I’m 18 and want to start Forex. What mistake will I have to avoid at all cost?
I’m 18, currently going to follow Economics in university and want to learn and trade Forex as a side income. The knowledge I gain from uni will benefit me in my trading while trading will bring me adequate money for my study (I live in Vietnam so the money I can potentially make in Forex is gonna be huge enough). I intend to start with a deposit of 300$ and build it up slowly while working a part-time job beside studying and pour 50% of that money into Forex (my parents still support me financially until I finish uni so that’s a plus). Is there anything that I should know before actually trading, since Forex is a high risk - high reward way to make money? I don’t want to burn my hard-earned money due to my ignorance.
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How much money to start trading forex is a question that I see alot of people ask about. This video discusses some things to take into consideration and keep... Commissions are the largest costs in your trading business. Learn the factors that impact your transaction costs and how to minimise the costs of forex tradi... In this video Jay Wayne will show you The Easiest FOREX Trade Setup-2020 ..... One of the most popular questions we receive is about trading capital. In particular, new traders want to know how much money you need to trade (forex). In t... The Costs Of Opening And Holding A Forex Trade - Duration: 11:25. Trading 212 27,329 views. 11:25. 93. How to Calculate Forex Trading Profits and Losses - Duration: 7:44.