Forex Brokers

If you want to trade in the forex markets, you need a broker. But what exactly is a broker? A broker is a place where buyers and sellers go to buy and sell instruments, such as currencies. The forex broker operates as a middleman between you and the market. In other words, in order to find a buyer or a seller of currencies, you can go to a broker and they match you up with either a respective seller or a respective buyer. However, instead of just being the middleman between you and another buyer or seller, they are also the middlemen between you and what is called a “liquidity provider”. How do I interact with a forex broker? What do I do to trade? The broker in its original sense could be thought of someone that you phoned in order to buy or sell currencies. The development of the Internet and software now allows you to interact with a broker through what is called a trading platform or trading software. The trading platform A trading platform is a piece of software and it is through this software that you actually buy and sell different currencies. Trading platforms are software downloaded from the Internet and installed onto your computer. This is what you use to trade forex. However, there are forex brokers that actually enable you to trade through a web browser, which can be beneficial as it allows you to trade from any computer without having to download software.

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