Forex trading

N

NJTrader

Does anyone here trade forex. It seems to be pretty hard to make money if you have a spread of 4 or 5 pips. This spread seems to be the norm for the online forex trading sites. Does anyone know the pip spread that the banks get?
Thanks
NJ Trader
 
pip rates

www.gaincapital.com

has slightly delayed dealing quotes at their home page

for example

USD / EUR is 4 pips wide now ... at least they do not charge
any commissions ... so that has to be factored into the P+L
equation
 
in the online forex you don't pay commission you pay the spread. So a 4 Point sread in a currency where one Point represents for example $10 you pay $40 to get in and $40 to get out.
 
can be thinner than the spot market

and you have to take into account commissions

that being said ... I have done both spot and futures

USD / EUR ... but only dipped my toes into the waters of
currency trading ... still concentrating my attention and
accounts on equities and mini stock indices
 
stick with a liquid contract. Never had a problem with liquidity in the DM, SF, Yen...Doubt you'll have a problem with the EC.

These contracts have been around for decades (excepting the ec). This java-retail-forex is new. But hey, it may be great. I said it's just a hunch.
 
Originally posted by SethArb
can be thinner than the spot market

and you have to take into account commissions

that being said ... I have done both spot and futures

USD / EUR ... but only dipped my toes into the waters of
currency trading ... still concentrating my attention and
accounts on equities and mini stock indices
More...

can you recommend a forex broker?
 
the management of GAIN Capital

at an investment Expo in NYC

they seem to be honest chaps

good website ...

have not traded with them , but they would be

my first choice if I were to start trading Spot FX again

good luck
 
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