You're welcome.
I think if you look at your broker statements, with most people starting out, the transaction fees (the spread multiplied by many trades, as you experiment with trade systems) will be a large multiple of the total account size one starts with. That's how the brokers make money off numerous small accounts.
Think of 3 starter accounts, say, of $250. If your total spread costs are greater than $250 in several months only (which is very likely) the brokers has just made more than 100% return on your account in a few months only (that's 100's % return in one year off you). They can make big money off 1,000s of accounts each trading 100s of times.
And this is a 100% accurate sys. LOL!
I think if you look at your broker statements, with most people starting out, the transaction fees (the spread multiplied by many trades, as you experiment with trade systems) will be a large multiple of the total account size one starts with. That's how the brokers make money off numerous small accounts.
Think of 3 starter accounts, say, of $250. If your total spread costs are greater than $250 in several months only (which is very likely) the brokers has just made more than 100% return on your account in a few months only (that's 100's % return in one year off you). They can make big money off 1,000s of accounts each trading 100s of times.
And this is a 100% accurate sys. LOL!
DislikedThank you bit9ret and Rob Mondave for your response. I will defiantly be looking into your reference material and try to understand this.
....In my 6 months of forex even though I have only managed to loose my $250 mini account more than once, I still don't think brokers make a large portion of their money by new traders loosing money, because new traders will never get to buying a 1 standard lot, so all the money lost cant be very large, or can it?Ignored
