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Joe:
I am guessing your commission comes out of the spread between what price you
trade at and what price they 'turn' your trade. In otherwords, they will get
their money one way or the other.
There is no free lunch, sorry.
Timothy Morge
Joe Balsamo wrote:
>
> Guys,
>
> I was a bit bored lastnight (Padres had the night off :/) so I was
> poking around various websites (again, thanks to Mark Brown, that
> 'investorama' site has quite a bit of depth to it.)
>
> Anyway, I found a number of Forex trading sites, one which actually
> allows individual, Internet based traders to trade Forex for ZERO
> commission. All you have to do is maintain a minimum account of $10000
> (which seems like chickenfeed for Forex trading.)
>
> Any comments on this? I'm a stock daytrader, so other than what I've
> read in "Market Wizards" and the bits on this list, I know next to
> nothing about Forex trading. Looks like it might be interesting. Trades
> 24 hours a day, one can trade using a Java based trading system and pay
> no commissions. Sounds good to me! Obviously, with 100:1 leverage, one
> could get absolutely killed if not very careful, but I'm more interested
> in learning if the commisionless trading is instant death to the serious
> trader. Afterall, I know how much one can really lose from the market
> makers in super-cheap web-based NASDAQ trading vs. a true SOES setup, so
> the cheapest isn't always best.
>
> Oh, just so I'm totally on topic...anyone have a good Forex trading
> system in either TradeStation or SuperCharts? ;)
>
> Best Regards,
>
> Joe Balsamo
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