July 24th, 2010 | 
Author: Question by Wiickid: FOREX:Euro -USD pair. Can any one help please?
In FOREX Trade, when I trade Euro-USD pair, there is ALWAYS difference of 3 points, for example if I buy, I have to buy ( for instance at )1.3144 and if I sell the same, I will have to sell at 1.3140. What this means is that the moment I buy currency. I am already down 3 points and of I have to EARN a pip, the currency must move up at least four points just to gain a pip and on the other hand I am already down 3 points the moment I enter the trade! Doesn’t this mean that the CHANCES OF MAKING MONEY ON CURRENCY TRADE ARE JUST 1 in 4 or a meager 25 percent!!!!!!!??????
I am new to FOREX trade , so can you please give me FOREX trade tips- which currency pair to trade and which not to.
also highlighting the ADVANTAGES AND DISDAVANTAGES OF FOREX trading. I will appreciate SERIOUS replies. Thanks
Best answer:
Answer by MT
HI !
Your problem is called spread. Spread is the difference between bid and ask price. Spread price depends on a brokerage company.
If you wan to learn more you may want to check out some course so you wont loose more money.
I suggest forexonlinecourse.com. And help with your trading check out forexonlinesignals.com.
Know better? Leave your own answer in the comments!
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Tags: One Response to “FOREX:Euro -USD pair. Can any one help please?”
Hi Wiickid,
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