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Average no. of trades per day


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Average no. of trades per day

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  #1 (permalink)
sydney nsw
 
 
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I am looking for a trading broker and was wondering how many fills I should expect for scalping AUD/USD with 1 contract per day?

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  #3 (permalink)
Market Wizard
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That depends on your trading method, how many trade setup's or signals do you see in a typical session ?

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  #4 (permalink)
sydney nsw
 
 
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i was hoping for some averages? I wish to day trade and be flat for the day so I'm guessing the average no. of trades per hour would be 1 or 2.

are there any brokers that offer volume rebates on FX?

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  #5 (permalink)
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jadynb View Post
I am looking for a trading broker and was wondering how many fills I should expect for scalping AUD/USD with 1 contract per day?

42 is a number I've always liked. And 21.

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  #6 (permalink)
Philadelphia
 
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I'd suggest trying fxcm.com for a broker, they've usually been good for me.

Btw aud/usd is a currency pair that deals in lots not contracts.

Fills should not be used synonymous with trades because fills usually refers to if an order was filled based on it's order type.

How many trades should you make a day?

I'd suggest not to scalp if you're trading spot forex because the spread will eat up your profits. It's better to trade from an hourly chart making 1 or 2 trades a day if that. You don't want to trade just to be in a trade out of boredom, that's how you'll lose money.

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  #7 (permalink)
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In case you're wondering why you're getting a bunch of facetious answers, I believe the answer is twofold: 1. You've asked a very vague question and 2. you haven't demonstrated any evidence that you've put any effort whatsoever into doing any analysis/research into finding the answer yourself.

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  #8 (permalink)
Legendary Market Wizard
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Big Mike View Post
42 is a number I've always liked. And 21.

Mike

sorry @Big Mike, i've got dibs on 42 !

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  #9 (permalink)
Legendary Market Wizard
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that the fewer average trades per day the more money you are making. As every closing transaction is gauranteed to be a loser or killing a winner. Think about it before you flame me and reflect on @Big Mike and @tigertrader answer.

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  #10 (permalink)
desert CA
 
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Another way to see how the number of trades are affecting your profit per day is by multiplying
your number of trades per day by your total cost for a single trip which includes commission & fees.

Say it was $5.21 for AMP or Mirus or something like that. Then 15 trades in a session would be about $5.21 X 15 trades = $68 or so in commissions and fees.

Then you'd want your daily take with 15 trades/session to be at least $340 in gross profit so the % paid to commissions&fees (I guess commissions & fees could be considered expenses just going by trading session) would be within less than 20% on average. (in the case of $340, about -20% in which the trader keeps $272 ("net income" " before income taxes! "))

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