June 15, 2007, Newsletter Issue #7: Free Forex

Tip of the Week

Free forex trading means that the forex broker does not charge a commission. So yes, to a certain extent forex trading is relatively free. The question is, how do brokers receive payment for their services? Well, they gain a very small amount of money, calculated by the fourth decimal point (or pip) out. So, a broker that charges 4 pips gets 0.0004 take on the trade value.

Do you need to pay a broker? If you are a novice to trading and forex trading, or you do not have a wide and vast amount of resources that can be dedicated to finding the right buyer/seller or bid/ask price, then it is recommended that you find a free forex broker that is registered with a governing organization. Many tenured traders use brokers also, especially considering the hours that the market is open.

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Exclusive Sponsor

Greetings,

Forex Club is excited to announce a special program. When you open a new trading account we will deposit $100 on it to help you to get started with Forex trading. Since there are no fees to open an account, in essence, this means that you can start actual forex trading without spending a single dollar. Sounds like a pretty good deal, does not it? This is way better than a demo account. You can find out details about this promotion program here: http://www.fxclub.com/incentive

Thank you for your interest and good luck!
Forex Club, New York