Hi Aussieco, something to keep in mind when paying CFD commissions of 0.1 Trade value.
(I am a representative of TradeDirect365 and have traded professionally for many years)
Example of Commission costs of 0.1 Vs 0.07 of trade value.
50 Trades with wins and losses capped at $400
Excellent trading with a 60 % win rate gives this result
Total losses $8000, Total wins $12000 = + $4000
Sounds great now we add commission costs based on ASX CFD average $20,000 trade volume.
50 trades x 2 entries buy and sell = 100 entries.
$20,000 x 0.1 commission =$20 x (100 entries) = Commission $2000, Overall profit $2000
$20,000 x 0.07 commission =$14 x (100 entries) = Commission $1400, Overall profit $2600
Commission costs are an extremely important factor over a sample size of trades no matter what markets and with whom you trade.
A saving of 0.03 in Commission per trade increases the overall profit in this example by 30%.
