Do you want more profit from FX currency or commodity trading?

Do you want more profit from FX currency or commodity trading?

How you can generate more profit from your FX trade

Top three tips for forex trading profits.


1.       Less spread level
2.       Free from brokerage fee
3.       Tax free trading

Less spread level

What is spread?

Spreads means nothing but BUY and SELL price different between two currencies,
                 For e.g  I want to buy 1 EUR so I need to pay      =1.4010 USD, (Now I have 1 EUR)
Then later I want to sell the EUR and get back the USD
       When I go for selling the forex broker is giving only   = 1.4008  
                                                                      Now I had loss of = 0.0002
it means I am losing 0.0002 from this currency buy/sell transaction, this buy/ sell transaction value is diff from fx broker to fx broker and it change from 1.2 to 3 at normal trading time , and it has change higher values at  market fluctuating time .
This buy/sell spread diff amount goes to FX firm as a service charge. So when you selecting the FX broker you should ask the broker how much spread you charge for currencies and it has to be nominal to other FX firm. Always try to negotiate for less spread with your FX client manger, so that you can gain quick profit with less spread level while trading.  If you are a huge volume trader this tight spread will support for your profits on long trend.

Free from brokerage fee


Forex is brokerage free trade, so there is no brokerage commission fees like share market. However in forex we are already paying fee to the brokers in the form of spread which we saw in the above spread calculation as a service charge.
If you are dealing fx broker with brokerage fee first close your account and explain the spread different. And find reputed forex broker who is providing fx without brokerage.


Tax-free trading


Tax saving, I you are a good in trade and making huge money and paying tax money for your profit, then you should think about changing your trading account to tax-free country. 

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