HenryFx

Mae West. No, really. I was having a mull about spreads - as you do, what with the Holiday season looming like a mother-in-law with a violent moustache - and have been interwebbing looking for low spread brokers (not market makers - I mean brokers that don't actually trade against you). The stand-out among them was excel markets (although doesn't operate in US), offering spreads around 0.4 on the EUR/USD - you don't see manyy regulated brokers offering that. And then I thought, "Or do you?" and started rooting around for a dynamic spreads comparison monitor. myfxbook seems to be yards ahead of the competition on this one, which auto-calculates commission built-in. However, and having said that, it is Christmas so if any of you elves out there know of a comparable or better spreads comparison tool, shout out...

I'm using Excel Markets- for a couple of reasons - their support is great, and I'm nervous enough as it is (not entirely new, but not nearly clued-up on currency trading). I also got a $100 bonus for my (small) bankwire deposit - and their spreads tend to be competitive - but I'm open to persuasion if you think I can do better!

I think it is wise to always conduct your homework (doesn't take too much time, weekly) on the overall fundamental picture of the pairs you trade, versus technical. That way, even if you are technically trading, you have a better idea of the overall direction they might be trying to move and why. I am certainly a technical trader. However, I feel a greater understanding of the market can be gained from just a little fundamental analysis. Every little helps!