Traders Money

1. Costs

Costs can be quite different from broker to broker. Spread is the difference between the buy price and the sell price . Check the costs for the currency pairs that you are most certain to trade, since this is what will impact you most. Lots

The broker will have a minimum lot size which is related to the minimum investment level. Often, a standard lot is 100,000 currency units, a mini lot is ten thousand and a micro lot 1,000. Or, some brokers allow fractional lots so you could trade half a lot, etc .

3. Leverage

Leverage means that you do not need anywhere near the actual lot size in your account. Most traders likely operate with 100 times leverage, so $10 controls $1,000, $100 controls $10,000 etc . some brokers offer two hundred times or maybe 400 times. 4. Support

There might be times when you need tech support fast.