Forex Trading Costs
Once you made order entry then the following costs are also yours including and not limiting to: Commissions, Slippage, Spread, Platform Fees, Expenses and Commissions.
These costs are charged by brokers. The commission you pay is usually calculated as a percentage of the size of your trade. The costs of trading depend on several factors, including the instrument and market you are trading.
Most of the costs you pay are to your brokerage firm. They need to make a living in exchange for the services they provide. You must calculate this Costs as the part of your money management setting.
Set the proper Profit level and you have to minimize the Costs and make sure you are getting the most for every dollar you spend to ensure your long-term survival.
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