If you are interested in earning income as a FOREX trader, the first thing you must do is sign up with a FOREX brokerage firm. There are many of them out there, especially online, so you should carefully consider your choices before choosing one. You will find there are all types of FOREX brokerage firms, including small brokers, market makers, and market operators.
Most individuals interested in becoming a FOREX trader will choose a small broker. These types of firms allow individuals to invest a few hundred dollars. Many people will usually trade in this manner because the risks of loss are only as much as the capital they invest. Since most traders usually don’t have enough to invest $50,000 or more, going through a small broker is a good option.
Market Makers
Then, there are market makers who are constant buyers and sellers of the FOREX market. When an investor buys a currency and decides to sell it a second later, market makers stand by and buy the currency, even when there is no buyer interested in that currency at the moment. You can look at market markers as the go-between, buying and selling currency when they become available.
Some...
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