I see some broker advertise in the banners here that they have no spread. 0. Zero!
At first, they had commissions. So they started to advertise commission free trading. But the broker was compensated by the spread. Yeah, it's something psychological. You don't pay "anything" to the broker, it's just the price at what you trade - a bit off the market. Sounds good!
Then everybody gets used to no commission trading. Everyone's used to it, there's no more psychological effect for the marketers to attract new clients. What they do? They start advertising no spread. But it will cost you *just* "$0.6 for every $1,000 traded". Wow, no spread and just 6 cents for every K traded? That's sooooo great! I am sooo hurrying up to open an account with them
I'm getting tired of all this. It's like a cycle And I'm not even going to insist on the fact that $.6 for every K is no more, no less than 6 pips. You go trade with 6 pips! Or better yet, send your enemies to do it
Peace!
At first, they had commissions. So they started to advertise commission free trading. But the broker was compensated by the spread. Yeah, it's something psychological. You don't pay "anything" to the broker, it's just the price at what you trade - a bit off the market. Sounds good!
Then everybody gets used to no commission trading. Everyone's used to it, there's no more psychological effect for the marketers to attract new clients. What they do? They start advertising no spread. But it will cost you *just* "$0.6 for every $1,000 traded". Wow, no spread and just 6 cents for every K traded? That's sooooo great! I am sooo hurrying up to open an account with them
I'm getting tired of all this. It's like a cycle And I'm not even going to insist on the fact that $.6 for every K is no more, no less than 6 pips. You go trade with 6 pips! Or better yet, send your enemies to do it
Peace!