Ok this is my first post, I’m reading through the whole babypips school now (great info btw), but there is one thing I’m wondering. I’ve got a poker background, to make the comparison, you can sign up with a site and they earn money off of you by collecting rake from every pot (comparable with spread in fx trading I think?). Now there are certain affiliates who give you a rakeback % if you sign up through them.
So say you paid $3000 rake in a month, they for example might give you 40% ($1200) back.
Is there something similar in forex trading? And I read all this “the best broker varies for everyone”, now it is something I understand when we are talking about poker sites (different bonuses, software and most important of all a different player base), but for fx trading isn’t it just the lowest spreads that count?
Sorry if these are dumb questions, but I just don’t want to make the mistake of signing up without getting the best deal possible.
I won’t be doing a lot of big trading though, just want to start with a demo account, but do have the funds to go big if I somehow turn out to be profitable at fx trading.