Wednesday, December 31, 2008

How to Get Back Some Spread From a Broker


The Foreign Exchange Market (or FX Market, Forex Market) exists wherever one currency is traded for another.


This is the largest financial market in the world. Includes trading between banks, institutes, multinational corporations, currency speculators and other participants. Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This number is growing continuously and now an average daily trade is approximately 4 trillion dollars, just on a single day!

The brokers earn millions of dollars every year from traders who win or lose their money. This money is going to CEOs who spend it on their Rolls Royce or other luxury products, while the traders are still living in a little flat or a small house. There is a method, though where a trader can get back some of the spread, which is the brokers commission for their services. If you want to get back some of this money which actually cut from your account every time you make a sell or a buy (open a position), just make a contract with a special Introducing Broker. These firms get commissions from the market maker (broker) after you and give you rebate of this commission! For example, if an Introducing Broker (IB) gives you a 50% rebate after a 2 pip spread you can get back 25% of your money what you originally lost! If you want to find an Introducing Broker with rebate options, just Google it or look at MandLoysFX.com.

Read carefully the terms and conditions of these IBs and act today, to prevent yourself from losing more money!

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