Dave Phan

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How Can You Earn Real Cash From Forex Trading?

Posted by Dave Phan on July 24, 2019 at 3:31am

Once you open an account in a Forex Broker and start to trade (SELL or BUY), you are paying to broker as spread or commission for opening and closing each trade. This Spread or Commission is broker's incoming from your trades. For example, when you open a trade on EURUSD currency pairs and pay 2 pips as Spread, this 2 pips will be broker's income.

As you know most of leading brokers have partners who introduce traders to them. Once traders who are introduced By a partner, open an account and make trades, broker pays to its partner as commission from its incomings from the trades. In previous example 2 pips is broker's incoming, so broker pays a part of these 2 pips (like 1 pip) to its partner as commission.

We have already understood how brokers and their partner earn real cash from clients' trades in the forex industry. At this point we can explain what is Forex Rebates.

Partner pay some of thier earning commission to the client who make…

How to choose a good forex broker?

Posted by Dave Phan on July 19, 2019 at 8:36am

This is an extract from an article on Brokersguru.

When a beginner trader decides to invest a small portion of his savings in a highly speculative activity such as the forex, it becomes essential to carefully choose and evaluate the broker to trade with and that is going to take charge of his money on a forex account.

So, what are the parameters that every beginner trader should consider in order to choose the broker that best suits his needs.

First of all, we should create a list of brokers simply via a single search on the internet. Some websites already offer some summary news that allows an initial screening of the list based on the needs of the future trader.

After defining a more restricted list of potential competitors, the trader will have to directly view the website of the broker, not only checking the formal aspect but deeply verifying it concerning the quality and information offered by the website.

After viewing…