Posts with Tag ‘Trading’

NEW MEMBERS SUBPAGE: Open Orders & Get Ready To Trade..

Open Orders & Get Ready To Trade

Screenshots from New subpage in Trades Members Area for better trading preparation and planning for our subscribers…

Screenshot 1:

New link "Open Orders & Get Ready to trade" inside the Trades Members Area...

New link “Open Orders & Get Ready to trade” inside the Trades Members Area…



Screenshot 2:

Screenshot "Open Orders" new subpage for 98club subscribers...

Screenshot “Open Orders” new subpage for 98club subscribers…

Screenshot 3:


Screenshot “Get Ready to Trade” new subpage for 98club subscribers…

To activate your subscription please first register in and activate your betvirus subscription (1, 2 or 6 months) via Paypal.

No more than 24 hours after your payment you will receive in your mail account the login info (username-password) for access in 98club members areas: Bets & Trades.


Forex Spreads and commissions (

Forex spreads and commissions

Remember: Costs vary from broker to broker, so make sure that you check the rates on offer before placing any trade. Many retail brokers, for example, do not charge direct commissions, instead adding their costs onto the spread.

The most common costs associated with trading are the spread and commission fees charged by the broker for each trade placed. These costs are incurred by the trader regardless of how successful those trades are.

What does the term “spread” actually mean?

The easiest way to understand the term spread is by thinking of it as the fee your broker charges you to trade. Your broker will quote or give you two prices for every currency pair that they offer you on their trading platform: a price to buy at (the bid price) and a price to sell at (the ask price).

The spread is the difference between these two prices and what the broker charges you. This is how they make their money and stay in business.

To illustrate, let’s say you want to make a long (buy) trade on the

and your price chart shows a price of 1.2000.

The broker, however, will quote two prices, 1.2002 and 1.2000. When you click the buy button, you will be entered into a long position with a fill at 1.2002. This means that you have been charged 2 pips for the spread (the difference between the price 1.2002 and 1.2000).

Now say you want to make a short (sell) trade and again, the price chart shows a price of 1.2000. The broker will fill your trade at 1.2000, however, when you exit the trade – in other words buying back the short position – you will still pay the spread. This is because whatever the price shows at the time you want to exit your trade, you will be filled two pips above that price. For example, if you wanted to exit at 1.9980, you will in fact exit your trade at 1.9982.

The spread is the difference in the buy and sell price of any asset or currency pair.

Therefore, the spread is a cost of trading to you and a way of paying the broker. The bid price is the highest price the broker will pay to purchase the instrument from you and the ask price is the lowest price the broker will pay to sell the instrument to you.

In order for a trader to make a profit or avoid making a loss on a trade, the price must move enough to make up for the cost of the spread.

Variable rate spreads

It is also worth noting that the spread you pay can be dependent on market volatility and the currency pair that is traded. These variable spread fees are commonplace in markets where there is higher volatility.

A spread you pay can be dependent on market volatility and the currency pairing that is traded.

For example, if a market is quiet, i.e. there is not much market activity and the volatility is low, the broker may charge a +2 pip spread. But if volatility increases or liquidity decreases, the broker/spread dealer may change that to incorporate the additional risk of the faster, thinner market and so they may increase the spread.

Some brokers also charge a commission for handling and executing the trade. In these circumstances the broker may only increase the spread by a fraction or not at all, because they make their money mainly from the commission. Money management -trading costs

Risk Level or Leverage

Risk level, also known as leverage, is a temporary loan given to the trader by the broker. Using Risk Level you are able to open a trade of a larger size than the actual amount of funds you invest in it. Leverage is presented in the form of a multiplier that shows how much larger than the invested amount an open position is. For example, in order to open a $10,000 trade you can invest 25$ with a leverage of 1×400: $25×400=$10,000.