Hi guys,
I am new here and also new on forex trading, actualy i am more programmer than a trader so this is going to be a little bit noobish question but i would like to know why there are so many people concerned by various fees but almost noone cares about margin rates.
As i can understand it, if i buy for example 1 lot for 1k$ on leverage 1:100 there is going to be 100k lended by the broker to my account. This sum is going to be charged by the margin rate (like 7-8 perc). Lets say its going to be 7,3 perc which is making it approx. 1,25$ per hour. I have like 80 000$. So i suppose that i could trade 2-3 money pairs with something like 20 lots active on average. So i would pay something like 25$ per hour to the broker. I suppose its more than i would spent on fees (5$-7$ per trade).
Do i miss some basics? To me it seems that combo of execution fee+spread+margin rate is quite hard to be beaten. And that margin rate is the most significant part of brokers income for leveraged accounts.
I am new here and also new on forex trading, actualy i am more programmer than a trader so this is going to be a little bit noobish question but i would like to know why there are so many people concerned by various fees but almost noone cares about margin rates.
As i can understand it, if i buy for example 1 lot for 1k$ on leverage 1:100 there is going to be 100k lended by the broker to my account. This sum is going to be charged by the margin rate (like 7-8 perc). Lets say its going to be 7,3 perc which is making it approx. 1,25$ per hour. I have like 80 000$. So i suppose that i could trade 2-3 money pairs with something like 20 lots active on average. So i would pay something like 25$ per hour to the broker. I suppose its more than i would spent on fees (5$-7$ per trade).
Do i miss some basics? To me it seems that combo of execution fee+spread+margin rate is quite hard to be beaten. And that margin rate is the most significant part of brokers income for leveraged accounts.
And I thought all the brokers were generous characters 
