Tuesday, January 26, 2010

Examine the Fees

Forex brokers may charge for their services in more than one way. It really is up to them, so you will need to find out before you start trading with them. One way, which is the most common, is to get a percentage from the point spread. This percentage is the difference between the bid and the ask prices. It will vary from one FX broker to the next. The smaller the percentage, the more you get to keep. There may also be a variation, however, between the mini-accounts and the standard Forex accounts with the same broker.

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