What is Forex Broker? How to choose a reputable Forex Broker
If you are new to Forex , you must have heard of the term Broker, or Broker. Not only the Forex market, there are brokers on the stock or virtual currency side . Obviously, to be able to participate in trading in the Forex market, you need to go through a Forex Broker. So what is a Forex Broker, or who are they? A person, or an exchange, a company? In this article, let's learn about them. What is Forex Broker? Before there was a Forex Broker , people who wanted to trade in foreign currencies needed to have a large amount of money and a special relationship with a bank to buy foreign currency. Forex Broker will give you a way to connect to the banking network and buy a currency pair easily. Since Forex Brokers are brokers in the Forex market, they act on behalf of clients, acting as intermediaries between sellers and buyers. What is forex broker ? Where does the profit of Forex Broker come from? Forex Brokers make money by taking “commissions” when you make trades. For each trade, ...