Forex Trading Mumbai,Learn Currency Trading Online,Foreign Currency Trading Online,Forex Trading Online Course, Learn Trading Forex HOW FOREX BROKER REBATES INCREASE YOUR OVERALL PROFIT Forex Trading Mumbai,Learn Currency Trading Online,Foreign Currency Trading Online,Forex Trading Online Course, Learn Trading Forex As traders our entire goal is to consistently turn a profit. While most of this will come down to your skill as a trader, there are some ways to increase your overall profit that have nothing to do with your skill as a trader. Forex broker rebates are hands down the easiest way to increase your overall profit. In the business of trading, small savings in spread can make a huge difference in the long run. For those who place trades on a daily basis the savings can be down right huge! The bottom line is if your trading live right now and your not receiving rebates then your literally throwing money out the window. Lets break down how important this savings can be as well as exactly how it works. HOW DO FOREX BROKER REBATES WORK? Every trade you place you are ‘paying a spread’ to the broker. On every currency pair this is the difference between the price you buy […]
Forex Trading Mumbai,Learn Currency Trading Online,Foreign Currency Trading Online,Forex Trading Online Course, Learn Trading Forex 3 things your broker doesn’t want you to know about forex trading Forex trading usually requires a broker for retail accounts and here are 3 things that your broker doesn’t want you to know. 1) Leverage – You see brokers offering leverage like nobody’s business. The highest i saw was 1 to 400. Seriously, if anyone goes with the broker that offers the highest leverage, you’re better of parking your money in the bank. Assuming you have $1000 and you buy $400000 worth of EURUSD currency. And assuming EURUSD average a 1% movement a day (which is not unreasonable). Thus 1% of $400000 = $4000. If that 1% were to go against you, your account is wiped out and you’re down NEGATIVE $3000. So much so for leverage huh! So now you know why your broker loves to offer you massive leverage? 2) Emotions – Humans were never born to trade. Our emotions are counter productive to trading given how we are programmed biologically. We like to hold on to our losses, HOPING it will come back to breakeven. We cut our profits short FEARING it would run away from […]
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