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    Results 1 to 9 of 9

    Thread: Newbie questions about Forex Brokers

    1. #1
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      Default Newbie questions about Forex Brokers

      Hello,
      Im new in Forex.
      As far as i know, when I BUY a currency, i can have "interest income" from that currency.
      And when i SELL a currency, i need to pay for the "interest expense".
      Are all of the brokers will give out / charge "interest"?
      Or some of them do not give out / charge "interest"?
      Sorry for my silly question.
      Thank you very much for your help and information in advance!


    2. The Following User Says Thank You to ynwandy For This Useful Post:

      Borneo Scalper (03-29-2018)

    3. #2
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      Hello , i see you don't understand the mean of forex yet but that normal . so first of all to start trading you have to open an account in broker than deposit an amount of money to your account in that broker to open orders.
      Than all the transaction or orders when you trader are instant , when you click sell in usd/jpy for example the orders start with lose when the spread is active that what you call interset , and this spread change from a broker to other and there's some account without any spread
      And when you close that order you can close for profits or in lose who go to your account money


    4. #3
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      Default

      Quote Originally Posted by ynwandy     
      Hello,
      Im new in Forex.
      As far as i know, when I BUY a currency, i can have "interest income" from that currency.
      And when i SELL a currency, i need to pay for the "interest expense".
      Are all of the brokers will give out / charge "interest"?
      Or some of them do not give out / charge "interest"?
      Sorry for my silly question.
      Thank you very much for your help and information in advance!
      what you explaining is actually called interest rate swap. If you dont like that, you can look for brokers that offer a swap free account or Islamic account. Now most brokers already have the feature so its easy to find. Just dont forget to ask the support first about it.


    5. #4
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      I guess you are truly new in the forex trading field, and your question is not really accurate. I can try to elaborate on some points that might help you, but if it does not, try to ask your question again. In forex trading, we are only doing two things, it is either you buy or you sell. When you either buy or sell, the broker will charge you the spread (which is the difference between the bid/buying price and ask/selling price). Another place where broker charges their clients is through commission and swap(Overnight rollover charges). Aside this, the broker will not chart their client. When you lose, you will lose to the pocket of the liquidity provider, and when you gain you will gain from their pockets as well. That is the way this business works.


    6. #5
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      Default

      Quote Originally Posted by ynwandy     
      Hello,
      Im new in Forex.
      As far as i know, when I BUY a currency, i can have "interest income" from that currency.
      And when i SELL a currency, i need to pay for the "interest expense".
      Are all of the brokers will give out / charge "interest"?
      Or some of them do not give out / charge "interest"?
      Sorry for my silly question.
      Thank you very much for your help and information in advance!
      Are you referring to swap? You can see the information per pair within this link - https://www.instaforex.com/specifications
      Best regards,
      PR Manager
      InstaForex Group
      Live help online


    7. #6
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      In forex, you are only "buying" one currency relative to another.
      e.g. if you "buy" EURGBP" you are "selling" GBPEUR, so interest does not have the same meaning as in e.g. stocks.


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      brokers are intermediaries between us and the forex market. we as traders can only do forex trading with the help of proker so without the help of bloggers we will not be able to trade forex as usual. with the blogger we are facilitated to be able to trade forex with very little capital and also with very large capital it's just that we are given the authority to manage our finances so we can trade correctly and precisely in our fundamental analysis or technical analysis. all browsers will not be responsible for our capital because the loss of capital due to forex trading errors is due to ourselves who cannot trade so that we will not get compensation or return capital if we lose trading forex.


    9. #8
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      I am not entirely sure if this is going to help the OP or not because his question is something strange. But whatever information you need about broker is to be found via research. The obvious part that should be kept in mind is that broker needs to be regulated because thats how safety/security is the point to be noted.

      Although there are many sites that allows direct comparison with brokers, but often you will not be able to find all brokers. So for that I suggest checking it through this https://fx-list.com, as 2 things I personally know and that is the list is of almost every single broker you see on internet, and the accuracy level is very high which makes it worth using for comparison. But anyhow, I dont know as I said if this is what OP wanted but I am sure it will help someone, at least.


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      to find a regulated broker is one of the most appropriate choices for beginner traders. broker is one of the bridges for us to be able to trade forex so we have to choose a broker that is in accordance with the advice of the experienced master traders to be able to help us make forex trading. in addition to choosing a broker, we also need to be able to learn the signal given by the broker so that we are able to make a profit and if we experience a loss not too much.


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