Monday, December 1, 2008
traders who are new to the forex trading business is that of the commission charged for trading. Whilst there are some Forex brokers that to charge a small commission on the trade, a common practice amongst the forex brokers is to charge what is known as the spread, which is where a forex broker makes his money.
A pip spread is the smallest price increment, usually the third or fourth decimal place after the unit price. For example, a change from 1.9456 to 1.9457 is a change of 1 pip spread. The pip spread can be described as the difference between what is known as the asked price and paid the price, which refers to the price at which a particular currency is bought or sold at any given time. So if you're given a quote of 1.9456 as a sale price or bid price and 1.9457 as the buy price or ask price, that is a difference 1 pip spread.
[ForexGen Introducing Brokers]
Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.
WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.
Qualified and familiar multilingual platform!
* Streamline dealing with no request for quote for up to 20 million.
* The ForexGen online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.
Introduced broker's client's account can be activated with the agreement of their clients.
For full Information and online application, [IBs program types].
1 Comment:
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