The Standard Story is, FX markets are the most liquid markets, EURUSD is the most popular cross, etc. Everybody is hunting for a lucky streak in his margined account.
Nobody is talking about costs (=fix Revenue for the Brokers). Roll charges for spot positions vary from 2% to 4,5% pa, leaving a standard margin Trader (leverage 1:200) with annual fix costs in terms of minimum/break even yield between 400% and 900%.
I am aware most Traders think only from one trade to the other. But after one year of almost continous trades they will have earned their Brokers above roll charges.
So I wonder how is the Ratio between naive and savvy Traders, who use Forward contracts (cfd or spread bet).
Who has experience with Islamic/Sharia accounts? They are interest free, but somewhere the Broker takes his compensation. In the BID ASK?? somewhere else. How much???
Looking Forward to your contributions
Nobody is talking about costs (=fix Revenue for the Brokers). Roll charges for spot positions vary from 2% to 4,5% pa, leaving a standard margin Trader (leverage 1:200) with annual fix costs in terms of minimum/break even yield between 400% and 900%.
I am aware most Traders think only from one trade to the other. But after one year of almost continous trades they will have earned their Brokers above roll charges.
So I wonder how is the Ratio between naive and savvy Traders, who use Forward contracts (cfd or spread bet).
Who has experience with Islamic/Sharia accounts? They are interest free, but somewhere the Broker takes his compensation. In the BID ASK?? somewhere else. How much???
Looking Forward to your contributions