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Forex has often been touted by many brokers as "commission free" which was often technically true, but perhaps a bit deceiving. While most brokers did not charge commission such as you have in stocks and futures, there was a spread between the buy price and the ask price, and that spread is what broker got to keep. Spreads again vary from broker to broker and even from one Forex pair to another.
Now there are some Forex brokers who have tightened the spreads, but add a little commission.
The cost of doing a trade will vary from one Forex broker to another so you will need to do some comparison shopping. Though costs should not be the only consideration when choosing a broker.
What else can I help you with?
What are the advantages of FOREX?
Trade Forex online have advantages: 1. Can do it from home only need good internet connection 2. Can get much money, but have high risk too
Why are you allowed to leverage on the forex?
It depends on the forex broker and if they allow leverage. Most forex brokers offer leverages starting from 1:100 and as high as 1:500 Usually it's best to go for a leverage between 1:100 and 1:200
What is the optimal stop loss in the forex?
This would depend on; 1) How big a loss you can suffer and 2) How much profit you are targeting and how much you can afford to loss
How much is 1 pip in a standard forex trading account?
1 Pip would be roughly $10. Though the price varies from pair to pair.
How do you round 19.9980 to the nearest cent?
it would be 20.00 because the 8 round the 9 to 0 which in turn rounds the other 9 to 0 which in turn rounds the 1st 9 to 0 and in turn rounds the 1 to 2.
What is a pip in Forex trading?
A pip in Forex trading is used to calculate one's profits and losses. In Forex trading, the value of a currency is given in pips. For most currencies, a pip is 1/100 of a cent.
What is the difference of gate valve to gate valve?
a gate valve is a valve you turn the handle round and round until it shuts off a ball valve is a valve with a lever that you turn 1/4 turn and its off hope this helps plumber paul
How much does the 1 lacrosse cutter weigh?
1.22379534ounces but just 1 if you round
How much is 1 Naira to 1 dollars?
200 naira
How does leverage work in the forex market?
In forex trading, leverage enables traders to manage a bigger position with less money. It is stated as a ratio (e.g., 1:10, 1:50, 1:100, or even 1:500), which indicates that a trader can control $10, $50, $100, or $500 in the market for every $1 in their account.
How do you write forex exchange rate equation?
$1 = PKR 85
How much is a 1 4 turn?
A quarter turn is 90 degrees.
