ForexGen | So Many Markets

Monday, December 1, 2008

The value of each pair differs slightly but the minimum movement - called a pip spread - is worth approximately $10. The GBPUSD has been averaging 100-150 pips per day.
Brokers tend not to charge a commission for trading forex and you will often see adverts for "commission free" trading. However, they make their money on the pip spread which is the difference between the buying price and the selling price. The pip spread is usually between 3 and 5 pips spreads although some brokers may offer a 1 pip spread on some pairs, and some less-popular pairs may have a larger pip spread.

Paying on the pip spread is particularly useful when trading mini lots. A pip spread on a quarter lot will be about $2.50 whereas on a full-size lot it would be $10. Again, the pip spread is more important when trading short time frames where you're only aiming to make a few pip spreads per trade. You need to build the pip spread into your trading system so you don't overestimate the amount you might make per trade.

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Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.

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