Forex trade brokers help you to make trades on the Forex markets. If you feel timid about making your own trades you can hire one of the experienced brokers. There are several companies who provide brokerage services for Forex transactions. Some only accept clients with deep pockets, but you can find many who service clients with various investment portfolios.
Traditionally, brokers act as links between buyers and sellers. If you have a product to sell, for example, a broker will find potential buyers for a small fee. Similarly, Forex brokers buy and sell currencies in behalf of their clients and pocket a small fee.
Although there are likenesses between Forex markets and equity markets, the main difference is that, typically, Forex trade brokers do not work solely on a commission basis. Rather, brokers base their earnings on the spread.
The spread
The spread is the difference between the price of a currency from when it is bought and the price it would fetch when it is then sold. Often referred to as the “pip”, this spread is the smallest price percentage increase in a chosen currency.
Although most banks offer currency trading...
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