which program should i use
I am thinking about trying out currency trading just for fun. I will not deposit that much money so I wish to have no flat fees or something like that.
Anyways, I have no idea what program to use. It seems to me like most currency trading things "only" earn money thru spreads? And this spreads mean that you buy 0.007 higher then for what you sell it (if there is a 7 pip spread). It seems a bit strange to me since it is not really a percentual amount, meaning that 0.07 extra could mean a lot and nothing depending on the exchangerate (?).
For example, the USD/EUR is around 1.250-ish that means that 0.007 is 0.56%. if you trade on SEK/USD the exchange is around 6.76 meaning that 0.007 is 0.1%. Can this really be the case?
|