Forex Broker

For better forex trading you must need a broker. There is a large number of brokers whom you have to choose one for yourself. Best broker are determined by there pip spreads.
Pip Spreads

Pip spreads determine how much your broker will earn on your trades, if the spot price for example in the usd/eur is 1.23450 your broker quotes you at 1.23480 this would mean that there is a 3 pip spread. This is what the broker earns as a commission, although they advertise no commissions, don’t be fooled by their claims. A 3 pip spread, at $10.00/pip trading (1 lot = $100,000) is a $30.00 commission for one trade. Not bad for 1 seconds work.