I don't understand how a trader can employ the services of a dealer without paying him commision. How much that is will depend on what the trader deems to be a rate that will give him a profit at the end of the trade. Lots of folk say that trading is a zero sum game as if that was not an acceptable state of affairs. Personally, I think it reasonable and if it were not so, then I would wonder where the dealer's profit was being made.
My point is that every trader, who takes various trades per day, or week, must keep a profit and loss book. If he does not, then he is gambling. Nothing wrong with that, as long as he faces the facts, and realises what he is doing, especially if he is responsible for others.
My point is that every trader, who takes various trades per day, or week, must keep a profit and loss book. If he does not, then he is gambling. Nothing wrong with that, as long as he faces the facts, and realises what he is doing, especially if he is responsible for others.
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