Have you ever felt intrigued by the many advertisements on high leverage and great profit potential involved in currency trading? The golden gate of the kingdom of money, we are told, is reached by the road of forex. Are forex brokers highway robbers infesting that road, or honest dealers making our journey easier? We'll discuss the brokerage business in this article.
A forex broker is the mediator between the retail and wholesale forex markets The wholesale market is comprised of banks and similar large institutions, and the retail market, of course, includes individual traders who are seeking to acquire speculative gains. Forex brokers are not traders themselves, but occasionally they will have their own staff trading the market on their behalf.
Monday, October 12, 2009
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