Comments on: In forex trading,how much do a brokerage firm charge for each trade? http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/ Discussion of Forex Trading and Currency Trading Wed, 23 May 2012 14:25:23 +0000 http://wordpress.org/?v=2.3.3 By: Jack P http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20237 Jack P Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20237 Good question! A broker charges a commission called 'the spread' on every trade you make. This can be something like 3 pips (the smallest possible value of a pair). So if your trade only gained you 2 pips then you still lose. That's certainly something to keep in mind. Check out the brokers here: http://forextradingwinners.com/category/forex-broker-reviews. They are cheap and reliable. Good question!

A broker charges a commission called ‘the spread’ on every trade you make. This can be something like 3 pips (the smallest possible value of a pair). So if your trade only gained you 2 pips then you still lose.

That’s certainly something to keep in mind. Check out the brokers here: http://forextradingwinners.com/category/forex-broker-reviews. They are cheap and reliable.

]]> By: Melvin http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20238 Melvin Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20238 try this site..maybe it could help you.. http://www.currency-trading-tutorial.net/ try this site..maybe it could help you..

http://www.currency-trading-tutorial.net/

]]> By: wyomble http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20239 wyomble Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20239 All brokers have different charges and they vary by currency pair as well. Most of the time you will be paying between 2-3 pips per trade. In unusually busy markets (like when big news is released) brokers can charge a lot more. It all depends on the current spread which will be displayed in your platform. All brokers have different charges and they vary by currency pair as well. Most of the time you will be paying between 2-3 pips per trade. In unusually busy markets (like when big news is released) brokers can charge a lot more. It all depends on the current spread which will be displayed in your platform.

]]> By: imya http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20240 imya Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20240 If the charge is more than what you earn then do not trade. If you are part time trader then day trading is not suitable for you because day trading can make you sit in front of your monitor all of time. You can visit: http://www.imyatrader.com/choosing-best-time-frames.html/ If the charge is more than what you earn then do not trade. If you are part time trader then day trading is not suitable for you because day trading can make you sit in front of your monitor all of time. You can visit: http://www.imyatrader.com/choosing-best-time-frames.html/

]]> By: Alyssa http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20241 Alyssa Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20241 Everything you ever wanted to know about Forex: http://www.forexpros.com Everything you ever wanted to know about Forex: http://www.forexpros.com

]]> By: MightyMike http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20242 MightyMike Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/11/28/in-forex-tradinghow-much-do-a-brokerage-firm-charge-for-each-trade/#comment-20242 It is through spreads which i like much better than stock fees. I use Oanda (oanda.com) as my broker which have relatively low fees and excellent customer reviews. Also www.babypips.com helped me understand everything about forex starting off. I even came across a blog with a decent strategy for trading. http://softwareforexreviews.blogspot.com/2009/10/forex-software-project.html#comments It is through spreads which i like much better than stock fees. I use Oanda (oanda.com) as my broker which have relatively low fees and excellent customer reviews. Also http://www.babypips.com helped me understand everything about forex starting off. I even came across a blog with a decent strategy for trading. http://softwareforexreviews.blogspot.com/2009/10/forex-software-project.html#comments

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