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COMPLETELY NEWBIE QUESTION = COMMISSION COST PER TRADE QUESTION
Hello Traders,
I am thinking of getting into Crypto Scalping >>>> BUT >>>> for the life of me I can't seem to find a straight answer on the COST per TRADE to be able to do CRYPTO SCALPING.
I have a great system for scalping and makes money with trends....
In E-MINI ES and NQ it is ULTRA EASY to know what the cost per trade is >>> pure and simple it is the ALL-IN commissions from your broker+exchange_fees.
That is very simple and very clean.
Crypto - has PERCENTAGE BASED COMMISSION.
They have a Maker % and Taker %
If a those 2 fees add up to 1% >>>>>> HERE IS MY QUESTION >>>>>>>>>
Does BITCOIN HAVE TO MOVE A FULL 1% MOVE === for my trade to be profitable? Because if that is the situation == then scalping is absolutely IMPOSSIBLE.
Or does the trade have to do a 2% move ( 1% on entry and exit ) for the trade to be profitable?
This needs to be explained clearly and efficiently.
---------------------
Anyone that does scalp Crypto >>> can you chime in on the minimum numbers of ticks that BTC or ETH have to move for you to be profitable in the trade?? Because that has massive effects on what system you can use.
THANK YOU IN ADVANCE FOR ANY HELP ON THIS :O
Can you help answer these questions from other members on NexusFi?
