Thursday, January 8, 2009

Requoting policy

Search for the most competitive spreads as this will decrease your costs of trading FOREX. If you're trading heavily, it might cost you a lot of dollars for not receiving a great competitive spreads. Competitive spreads are about 3 to 5 pips and if you're receiving spreads of 8 pips or more, just snub this platform.

Transparency of the trading platform is also important to make really sure they never charge you more. Sometimes, they might make a muddle and charge you more and this might get you into extra unwanted cost. Choose a regulated forex broker cleverly before trading currencies. If likely, open a small account in 2 or 3 platforms before choosing which platform you want to use in long time. Analyze it for few days or weeks and see which gives you the best offer. Getting wrong online FOREX trading platform can cause you to spend both your time and money.

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