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Forex Broker
A broker is any person or firm that charges a fee in exchange
for executing trades for a trader. A Forex broker does not charge
a commission for placing a buy or a sell order the way a real
estate broker would charge a percentage fee of the total price of
a sale. A Forex broker is paid according to the spread - or the
difference between the trader's bid for a currency, and the
seller's asking price for that currency. Usually this spread is
less than 0.1% or ten pips. (Pips are the smallest movement a
currency can make on the Forex. Pips are commonly called referred
to as points.) The lower the spread, the less a trader pays a
Forex broker for a trade.
The Forex market is global and does not have one central
regulatory agency like the Security Exchange Commission. Each
country is responsible for the actions of trades in it's own
country. A Forex broker in America must register with the
Commodities Futures Trading Commission (CFTC). While traders are
not regulated, Forex brokers are. A Forex broker must be
registered as a Futures Commercial Merchant (FCM) before that
Forex broker is allowed to accept a deposit for an account from a
trader. Once registered, a Forex broker is given an
identification number so that a trader can check the status of a
Forex broker before hiring that Forex broker. There are such
people known as introducing brokers who may solicit traders for a
registered Forex broker, but the introducing broker cannot accept
a deposit for a trader's account. It is a good idea for any
trader hiring a Forex broker to check the status of the Forex
broker with the authorities.
Kevin Anderson is the owner and opperator of http://www.forextradingcenter.info
a site developed to give users the most updated information,
articles, and news related to the Forex Market.
 MORE RESOURCES updated Sat. March / 06 / 2021
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If you ask me whether the market will have moved up or down
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Countries devalue their currencies only when they have no
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Forex Broker
A broker is any person or firm that charges a fee in
exchange for executing trades for a trader. A Forex broker
does not charge a commission for placing a buy or a sell
order the way a real estate broker would charge a
percentage fee of the total price of a sale.
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Trading
It is possible to buy and sell money from different
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Forex currency traders can profit by taking advantage of
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Trading
Timeframes
Long term traders will work from end of day data
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Forex
Trading
Foreign exchange market, or better known as FOREX, is the
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originated on 1973. Bearing the status of largest and most
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currency worth more than $1.
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