For example, instead of buying a currency and being hit with a "pip" charge, is there a site that charges a flat rate per trade (like how ameritarde would operate)?
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April 29th, 2008 at 2:12 am
you can check out the different platforms below
http://www.ihookin.com
http://forex.ihookin.com
April 29th, 2008 at 2:12 am
Forex sites do not charge fees. It is a dealer market. The person on the other side makes his money on the spread between the bid and the ask. When you are trading stocks through Ameritrade they are acting as a broker, not a dealer. They are charging you a commission to take your trade to the market. The stock market also has a bid/ask spread which costs you on every trade and is not included in the commission.
Don't take this the wrong way, but you don't seem to know much about forex and shouldn't be trading because you'll get creamed.
April 29th, 2008 at 2:12 am
Hi,
I have been trading for nearly 3 years. I would recommend Etoro, very innovative platform which makes your trading very easy to understand truly unlike any other platform you have ever seen, I guarantee it. They also have some of the smallest spreads I 've seen - 2 pips. They have free unlimited demo accounts and you can compete for cash prizes with your demo account. The USA version is here: http://www.etoro.com/B165_A579_TClick.aspx