| Let's face it. There's a better way to live your life | | | | pay when you buy and when you sell. |
| than working a 9 to 5 job. Many people like me have | | | | You want to find a broker that has a low spread on |
| turned to low spread Forex trading to make money | | | | the top two currency pairs. Chances are, you will |
| from home. You can easily do this too. | | | | want to focus your trading on the Euro/U.S. Dollar |
| The first thing you'll need is a low spread Forex | | | | and the Great British Pound/U.S. Dollar. So, check out |
| trading broker. These companies don't typically ask | | | | the spread amounts with these two pairs. You will |
| for a commission or transaction fee. They don't | | | | definitely want a low spread for these. A spread of 3 |
| provide a service for free either. They make their | | | | Pips is what I currently pay. |
| money on what is called the spread. This is the | | | | If you're like me, you will be generating trade signals |
| difference between the bid and ash price of a | | | | yourself through automated software. Because of |
| currency pair. | | | | this, you will want to find a discount broker to ensure |
| Although you may read how there are no | | | | you are getting the lowest spread prices possible. |
| commissions with the Forex, that really isn't true. It's | | | | There's no need to pay high spreads from regular |
| just called a spread instead of a commission. Brokers | | | | brokers if you are a hands on trader. |
| still make money on transactions. All of the brokers | | | | A small deposit requirement is something you should |
| have spreads. | | | | look for as well. With the right trading system, you |
| For example, if you were to buy and then | | | | should only need a few hundred dollars to start |
| immediately sell a currency pair that had a 3 pip | | | | trading. There are lots of companies who only require |
| spread between the Bid and Ask price, you would be | | | | deposits of $250 to $500. |
| down 3 pips. This occurs even if the market price is | | | | So there you have it. Low spread Forex trading is |
| exactly the same when you buy and when you sell. | | | | changing the lives of thousands. It can do the same |
| One minor difference between stocks commissions | | | | for you. Your next step after finding a broker? Get |
| and FX spreads is when you pay it. For currency | | | | yourself a trading system that is easy to use and |
| pairs, you pay it when you buy. With stocks, you | | | | makes consistent profits. |