Can you really trade Forex with out transaction costs?
Not unless the definition of transaction costs have changed.
It’s pretty simple really, all transactions have a cost attached… Otherwise there would be no incentive for anyone to complete a transaction for you.
And every Forex transaction, you will pay the difference between the bid and as which is the spread.
You’ll often times see advertisements for trading Forex without commissions, and even sometimes it will say without transaction costs.
The truth is is that the spread is the cost of the transaction. No matter how the words are manipulated, you will not be trading Forex for free.
It would sort of be like banks saying that you can have a home loan without transaction cost except you must pay interest on the loan.
I dont have a problem with paying the spread for my Forex trades as long as the spread is reasonable. I just want you to understand the wording that some may use in order to get you to trade with them.
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