Learn How To Find The Best Forex Trading Platform
won't we all want expert staff available for us at all times, anytime.
The spread is the difference between the bid price and the ask price for the currency being traded. The broker adds this spread onto the price of the trade and keeps it as their fee for trading. So you can consider this as a hidden commission.
One good thing about the spread is you pay it when you buy and not when you sell. A trading of 4 pips vs. 5 pips makes a difference of 25% on your trading costs! This makes the point clear why you would need a low spread Forex trading platform.
Of course it goes without saying that any forex trading platform you decide on should be highly secure to protect your account and private information. It should allow you to fund your trading account securely with a variety of options including credit card, western union and PayPal if needed.
The trading platform should be easy to use and understand. It should be reliable during fast moving markets. The platform should offer services like one click buying or selling, trading directly from a chart, supports mobile devices, trailing stops, etc.
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