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Hi everyone,
I'm not planning on trading in the Forex. Just some simple
questions, just trying to learn something.
What is a "tight 3-5 pip spread" ? Is a pip, like 1 /16th??
With some of advertiseing firms, that have a $2,500 min opening
deposit, but in the fine print say you must trade in lots of 25 or you
will pay a higher comm. What is a Lot?
With currency how is your total gained??? Example: With stocks you
buy 1000 shares @ 5. You sell 1000 shares @ 6, = +$1000.00.
Is it different for the Yen, Pound, dollar, etc.?
Sorry for the basic questions, just would like a basic know how of this
area of trading.
Thanks,
Joe Frabosilio
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