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Monday, March 7, 2011

Forex brokers Applications

Monday, March 7, 2011

Forex brokers Applications Brokers will be useful to review the following issues before you open a real account.
Offered Currency Pairs: If you are going to Turkish liras ( for Turkey ) 
process, then, before the broker make sure that this parity. Many brokers, is now the most popular procedure Pairs in which couples to see if it is later on, but still offers the broker can save the trouble of changing. 
Transaction Costs: Transaction costs are calculated in pipsIf you pay for the broker, the better is how few pipsIf you compare the brokers you will see the difference clearly. Normally you see the EUR / USD trading with a spread of 3 pips, but you can find 2 or even 1 pip.
Margin Required: The lower the margin requirement (ie, the higher the leverage ratio), and earnings "and the damage" the higher the amount. Margin exclusivity in the forex market these days is between 0.25% and 1% (Leverage ratio 1:400 - 1:100 between). In this case, the person must be a little common sense, if successful, low-margin transactions (high leverage) should benefit from.
Minimum Transaction Amount: subject of lots previously mentioned. Lot broker brokers amounts vary; $ 1,000, $ 10,000, $ 100,000 can be like. Some brokers may also create your own lot size.
Day Out Interest (rollover): Interest rates are determined by central banks and foreign exchange transaction you make clear the difference between units, and the difference is calculated on a daily basis, or as interest expense or interest income is processed to your account. No amount of interest the difference between the two currencies interest expense / income is so much more. If you do not want to interest expense or income, brokers can ask whether the Islamic account. Many brokers now offers Islamic accounts.
Trading Hours: Forex market, on Monday in Sydney, Australia with the clock starts at 08:30 and 17:00 pm New York time Friday night comes down.
Be sure to read the agreement thoroughly before Brokers are able to account.Find a good broker, success in the forex market is one of the basic. You open first account of the brokerExplore!
As a result, the following should be considered when selecting brokers!
1 - Low spreads. 2 - The possibility of opening an account with the minimum amounts. 3 - Platforms delay the opportunity to trade live prices instantly. 4 - Free graphics and technical analysis tools. 5 - Quick and good service, Do you have a support team? 6 - Leverage. 7 - Is Checking?

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