Forex Trading Examples
FOREX: Is there a trading platform/ site where to pay a flat fee for every trade/ transaction you make?…?
For example, instead of buying a currency and being hit with a “pip” charge, is there a site that charges a flat rate per trade (like how ameritarde would operate)?
Forex sites do not charge fees. It is a dealer market. The person on the other side makes his money on the spread between the bid and the ask. When you are trading stocks through Ameritrade they are acting as a broker, not a dealer. They are charging you a commission to take your trade to the market. The stock market also has a bid/ask spread which costs you on every trade and is not included in the commission.
Don’t take this the wrong way, but you don’t seem to know much about forex and shouldn’t be trading because you’ll get creamed.
FOREX trading example by Vic Noble January 28, 2011
