Thursday, December 25, 2008

1/2-pip spread brokers

The difference between the bid and the ask prices is known as the bid-ask spread.


Bid-ask spreads are like part of our business cost in trading. Like transaction commissions, it is how the forex brokerages make money out of us. Certain forex brokerages offer fixed bid-ask spreads depending on the currency pair (eg, Interbank FX) and some forex brokerages offer variable bid-ask spreads that can be as low as 1/2 pip! (Eg, MB Trading) WAIT! There is a catch! Seriously, if a brokerage is just charging 1/2 pip, we’d better not stick with the brokerage for too long

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

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