Friday, July 23, 2010

What are your broker’s spread policies?

Spread policies usually differ depending on the broker. Sometimes you need to read the fine print. Some brokers may offer fixed spreads that are guaranteed to remain the same regardless of market liquidity. Other brokers offer variable spreads or different spreads for different clients depending on the amount of money they invest. Ask your broker for the paperwork that details their spread policies to make sure you are getting the best spread for your investment.Foreign exchange dealers all approach their clients in different ways, but they all report to the same commissions and should be able to provide you with their policies in writing. The Forex marketplace is an exciting place to begin trading, and if you’re a new trader, it is highly recommended you read as much material as possible before you begin your trading plan. Don’t let brokers spend your profit on their fees. Make an educated decision!


Post a Comment

Previous Post Next Post Back to Top