My Forex blog

Can i have some Forex Trading help?

What is the minimal amount you can have to trade currency?
and how does the fees and trade transactions fees work?

There’s a lot of Forex dealers out there that accept $1.00 as the minimal amount. One of them is Oanda. Most FX dealers charge fees in 3 ways:

1. through the spread (the difference between the ‘buy’ price and the ‘sell’ price) – most people in the market don’t really treat this as a “fee”, but rather a necessary difference to place a trade

2. overnight or interest fees – these fees are charged when your trading position is held after the normal market hours

3. withdrawal fees

Hope this helps.

FOREX trading example with Vic Noble – July 15, 2011

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