Forex Brokers - Their Role And Functions In The Forex Trading Market World
. Our orders are place through them. You don't necessarily have to open trades via a forex broker though. Dealing directly with banks are an choice only the richest traders have while floor trading is the other way around brokers.
Most of us still, don't have the will and talent required for floor trading or the money essential to facilitate trading with a bank. Banks offer forex brokers rates on currency pairs. The forex brokers then turns a profit by offering their customers these currency pairs at a higher spread. The profit is made through the spread. Below is a concise look at two very accepted and well-known forex brokers on the web today.
Oanda is an enormously popular forex broker. Back then, they were one of the few that offered numerous base currencies to smaller traders. Oanda started out as a currency converter for large businesses such as Samsung. Oanda is owned by the founder of the Olsen Group, Richard Olsen. He has penned two accepted books that deal with the currency markets, Introduction to high frequency trading and the forex traders bill of rights
They have collected a good number of awards over the years including the 2009 World finance forex award. Their have variable spreads that are competitive. They use a java based trading platform that enables clients to trade anywhere in the world with a java enabled computer and an internet connection.
FXCM is the worlds most accepted online forex broker to date. They are famous for having some of the lowest spreads on the market and have been slowly marketing themselves in a number of countries. It costs a mere $25 US to open a FXCM micro account and their website caters to most of the major global languages. They are currently testing out Metatrader 4 as a platform but their bread and butter platform is the trading station II. They have a total of 6 base currencies for trading accounts that include the Yen, Pound, Euro and the USD. - 23196
Most of us still, don't have the will and talent required for floor trading or the money essential to facilitate trading with a bank. Banks offer forex brokers rates on currency pairs. The forex brokers then turns a profit by offering their customers these currency pairs at a higher spread. The profit is made through the spread. Below is a concise look at two very accepted and well-known forex brokers on the web today.
Oanda is an enormously popular forex broker. Back then, they were one of the few that offered numerous base currencies to smaller traders. Oanda started out as a currency converter for large businesses such as Samsung. Oanda is owned by the founder of the Olsen Group, Richard Olsen. He has penned two accepted books that deal with the currency markets, Introduction to high frequency trading and the forex traders bill of rights
They have collected a good number of awards over the years including the 2009 World finance forex award. Their have variable spreads that are competitive. They use a java based trading platform that enables clients to trade anywhere in the world with a java enabled computer and an internet connection.
FXCM is the worlds most accepted online forex broker to date. They are famous for having some of the lowest spreads on the market and have been slowly marketing themselves in a number of countries. It costs a mere $25 US to open a FXCM micro account and their website caters to most of the major global languages. They are currently testing out Metatrader 4 as a platform but their bread and butter platform is the trading station II. They have a total of 6 base currencies for trading accounts that include the Yen, Pound, Euro and the USD. - 23196
About the Author:
Fxcm and Easy Forex are just a few topics that the author specializes on. Prema De Silva has been active in the forex trading market for the better part of 7 years. Her target is to share her knowledge on the topic whever she can.
posted by X - Men @ 4:36 AM
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