Forex Forums |

Go Back   Forex Lasers Forum > FOREX TRAINING > Forex School & Education

FX SCHOOL (2) : Forex Brokers

Forex School & Education

Closed Thread
LinkBack Thread Tools Search this Thread
Old 16-08-2009, 06:55
Join Date: Sep 2017
Posts: 15
Default FX SCHOOL (2) : Forex Brokers

Click image for larger version

Name:	FX_School_2_Forex_Brokers.png
Views:	11
Size:	4.8 KB
ID:	2048


As explained in FX School 1, thatís all Forex (or FX) trading is. Itís just the buying and selling of currencies, and trying to make a profit from it. And whatís more, you donít need to do the buying and selling at a physical counter (such as a bureau-de-change), you just do it over the web, with certain Foreign Exchange ďBrokersĒ. Meaning, you never have to deal with physical cash, itís all done electronically. You just need to have access to a PC with the internet. Thatís it.

Simply put, a broker is a company that allows you to buy and sell currencies. It acts as an intermediary between buyers and sellers.

Once youíve got used to understanding how a demo account works and how the software works, you can trade live, i.e. with real money. You donít need thousands of dollars upfront, it can be as little as a $100 of initial investment, just to get started.

In the past, before the internet age, Forex trading was limited to the big boys, such as the banks. Now however, with the arrival of the internet, retail forex brokers have opened their doors for anyone. So now, individuals, companies, other firms & institutions can easily buy and sell currencies, and make a living from it.

Indeed, one of the advantages of the foreign exchange market is that it allows international trade and investment, helping businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business's income is in U.S. dollars.

There are many different forex brokers across the globe. And as mentioned before, you donít have to visit them to register with them Ė itís all done over the internet. Just register your details, and make a deposit of how much you want to trade. To be honest it doesnít really matter which broker you deal with, as long as theyíre regulated by a financial authority (for example the NFA in the United States, and the FSA in the United Kingdom).

NEXT: FX SCHOOL (3) : Charts & Pips | Forex School & Education - Forex Lasers Forum
Closed Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
ECN Forex Brokers - How to get monthly cash rebates asafp584296 Software / Signals / Services 1 15-01-2012 19:13
Forex-Metal: New Service to Provide Complete Business Solutions for Forex Brokers Camilla Software / Signals / Services 0 03-05-2011 15:36
FX SCHOOL (1) : What is Forex? ForexLasers Forex School & Education 0 17-08-2009 18:54
FX SCHOOL (7) : Forex Systems ForexLasers Forex School & Education 0 09-08-2009 06:59
FX SCHOOL (9) : Forex EAs / Robots ForexLasers Forex School & Education 0 07-08-2009 06:59

All times are GMT. The time now is 08:37.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2023, vBulletin Solutions, Inc.