Wednesday, March 26, 2008

Currency Trading As Automatic Income Generator -Misconceptions Vs Truth

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There are several misapprehensions among the traders, especially the beginners, regarding currency trading as an automatic income generator.
Commission Fee And Your Forex Broker

It is technically correct that you do not have to pay any commission to the forex broker. But, because of this fact, most traders start assuming that they do not have to pay anything to the broker. It is important for you to understand the term ‘commission’. It is a certain percentage of the profit that you make through currency trading. When it is said that brokers do not charge a commission, it only means that they do not charge you on a percentage basis. They usually charge you under the head “spread”. This is a transaction fee, that is generally a small fixed amount that you have to agree to pay – irrespective of whether you win or lose using the automatic income generator - Forex more

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