In forex trading,how much do a brokerage firm charge for each trade?
It seems easy to trade with a mobile phone,But if the charge is more than you earn what is the point of day trading?
Good question!
A broker charges a commission called ‘the spread’ on every trade you make. This can be something like 3 pips (the smallest possible value of a pair). So if your trade only gained you 2 pips then you still lose.
That’s certainly something to keep in mind. Check out the brokers here: http://forextradingwinners.com/category/forex-broker-reviews. They are cheap and reliable.
