“I thought I found a cheat code,” says Mark, a forex beginner from Texas. “My broker advertised ‘no spreads’ on EUR/USD. But after scalping 20 lots, I noticed my account was $230 lighter than it should be. Turns out, they charged $11.50 per lot in ‘commissions’—more than a 1.5 pip spread!”
The truth? Your broker’s booking method can significantly impact your trading experience, from execution speed to potential conflicts of interest.
The foreign exchange market (Forex or FX) is the world’s largest and most liquid financial market, with a daily trading volume exceeding $7.5 trillion. Whether you’re an experienced investor or a beginner looking to explore forex trading, understanding how it works is crucial to success. Forex trading offers opportunities to profit from currency price movements,
