Hello To All,
I am searching and reading about Forex Market and realised it is a huge turnover market, it is like all other businesses but the Forex in concrete concerns a big risk. For example in general trade if one buys goods for 1000 USD you may not be able to sell at the buying price due to having less demand but you will never loose 100% may be by putting a bit of efforts one can cash losing a maximum of 40-50 %.
But in Forex if you trade for 1000 USD you may loose 100%, which is where the big risk lies.
Now in merchant trade 2 simple words are Buy And Sell, Formula is to Buy at market price from the wholesaler or try to buy it from the factory to get it for a cheaper price and try to sell as higher as you can.
So far the clue is in buying to reduce the margins of inter mediators.
Hence, here what is my request for further information is how to choose the broker, which is “direct as factory manufacturer in this case” which would charge less brokerage and give a good platform to trade. I think these are the basics as per my knowledge.
But I want to know in which terms this can be analysed in detail. What I should be taking in to account to know about the broker and possibly its hidden charges, which would affect my bank balance. Please do advice to get good bargain while choosing.
And also please suggest which broker is good enough to contract.
Thanks And Regards,
Moti
I am searching and reading about Forex Market and realised it is a huge turnover market, it is like all other businesses but the Forex in concrete concerns a big risk. For example in general trade if one buys goods for 1000 USD you may not be able to sell at the buying price due to having less demand but you will never loose 100% may be by putting a bit of efforts one can cash losing a maximum of 40-50 %.
But in Forex if you trade for 1000 USD you may loose 100%, which is where the big risk lies.
Now in merchant trade 2 simple words are Buy And Sell, Formula is to Buy at market price from the wholesaler or try to buy it from the factory to get it for a cheaper price and try to sell as higher as you can.
So far the clue is in buying to reduce the margins of inter mediators.
Hence, here what is my request for further information is how to choose the broker, which is “direct as factory manufacturer in this case” which would charge less brokerage and give a good platform to trade. I think these are the basics as per my knowledge.
But I want to know in which terms this can be analysed in detail. What I should be taking in to account to know about the broker and possibly its hidden charges, which would affect my bank balance. Please do advice to get good bargain while choosing.
And also please suggest which broker is good enough to contract.
Thanks And Regards,
Moti