Saturday, March 7, 2009

Look for Competitive Pip Spreads and Leverage

Something else you should look at are the spreads charged by brokers. Around 3-5 pips is normal for a mini account but some brokers will increase their pips much higher when major economic news is released.This is so that they can reap the profits from the increased trading activity. Look for a broker that offers guaranteed fixed spreads to avoid paying through the teeth.

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