DO NOT TRUST ON COLOR FULL WEBSITE OF FOREX BROKERS

WHAT IS FOREX BROKER HOW THE CATCH YOUR MONEY.

WHAT IS FOREX BROKER HOW THE CATCH YOUR MONEY.

WHAT IS FOREX BROKERS?

A broker is a person or firm that arranges a transaction between one. For buyer and seller commissions when the deal is done. What are the types of brokers? Brokers can be of one of three types. Online broker. Two discount brokers, three full service Forex Brokers Forex Brokers is a financial services company. Merchants access the platform to buy. And the sale of foreign currencies A forex broker also called retail. Forex Broker Buys and sells currency on your behalf. The Benefits of Having a Forex Broker Includes 24-hour market access. Ability to trade on currency pairs Available worldwide. I will give you some tips for choosing a forex broker. Check your broker's office location. Use Google Earth and Google Maps for this process. Don't rely on broker's colorful websites. Make sure your broker has made deposits and withdrawals at your local banks. Also check that the broker you want to use is registered with your government. Also get some information from your brokers' chat support and verify that chat support is human and not reboot. Make a small investment to start trading first and try to recoup your profits. If you have not had any difficulty in withdrawing your money, you have done it more than 3 and 4 times. You should take some other necessary setup to verify your broker's return system. It is important to note that your brokers offer low spreads and good buying and selling facilities. Some brokers manage great advertising and the women who represent them catch you to make instant deposit capital. So first check the confirmation of all types of brokers and make a deposit for trading More about this source textSource text required for additional translation information.

HOW DOES FOREX BROKERS WORKS?

 they buy and sell as middleman a broker is just like a house broker who you know binds and sells houses or any other kind of broker it's someone who they make their money from the difference between buying and selling which is why whenever you buy a currency pair or any other kind of instrument from your broker then if you were to buy and then immediately sell even if the price hadn't actually moved you would always lose a little bit of money that little bit of money is called a spread and that is the the profit margin for the broker that's how he makes money he charges it has a little bit of spread on every single instrument now the great thing about a forex market today is that spreads are much much lower that's because the rithi the broker the forest broker market is highly competitive and spreads are being you know direct their lowest they've ever been is it's far easier also their costs are lower because so much forex buying and selling is driven over the Internet whereas in the old days you did it by phone that required hiring a lot of different operators and that kind of thing these days they can do far higher volumes of trades for actually hire and hiring less people so their cost alar and consumers expect them to drive their cost lower as well the cost that they get charged which is the spread how does it work if you want to open an account well you know you go to a broker like for example a good one is a wander they're very big very popular they have low spreads you can trade micro Lots that which means you know with that you cannot you can trade like put a hundred bucks in your account and get and get some you know get some good mileage out of that when you open an account with any good broker like them then they will do what is known as kyc which is know your client requiring so that means you got to show a passport or you gotta send a scan of your passport or a fax or something like that it's it's it's simple government regulations and you do that and a lot of these brokers you may have to prove a certain amount of creditworthiness now it depends if you're in your car if it's in the same country as you then and they're giving you leverage as well like they're giving you margin that which basically means they're lending your money to trade then they're gonna be especially stringent over that but if it's a broker that's maybe a big broker that they're based overseas and you're not going to trade much and they're not lending you any money then although they may ask you questions like you know what is your job and this kind of stuff they don't really do any checking up because they're not first of all not gonna spend the money on consulting all the credit reference agencies all these different countries and you know secondly they don't really need to but there'll ask you some basic questions and when they do that they'll give you they may give you access to a demonstration to a demo account or a demo system which allows you to just get used to their system and see how it performs which you can often do that before you even open an account but I can't open any procedures and only very quick and then you can start trading and most good brokers the line you use Metatrader which is that the world's most popular retail forex trading platform others have their own platform for their own various reasons most of which I don't believe personally I advise you just stick with Metatrader so that's how they work that's pretty