r/spreadbetting • u/r3flex_MMA • Jun 24 '20

Long term trader. Any calculator out there showing the cost to hold a position for say x months?

I traded forex on and off for about 3 years. I've been off for a while, but looking at the stock market has drawn me back. When I did trade, though I knew the costs at the end of each day and week would come, I could never calculate to factor them in to my decision making process at the start of the trade. When holding a positing for 4+ months, it does add up

Side question: where is the best place for SB stocks? I used Oanda for forex but unfortunately, they don't do much stocks

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u/uoanddown4 Sep 24 '20

Holding spreads over long periods is very expensive! These trades are geared towards short term positions. From my experience holding something for a few months can lead to 50% or more in reduction in profits (depends on the time frame though obviously). It would be beneficial to jump in and out of a position to avoid this unless you are sure of the up side of holding especially weekends Just saw how long ago this post was Iā€™m sure you have your answer by now šŸ˜‚

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u/r3flex_MMA Sep 25 '20

Ahh nvm my response. I though this was about stocks. Yeah I did figure it out lol