Forex Broker - What Are Online Forex Brokers?
. Our orders are place through them. You don't necessarily have to open trades by means of a forex broker though. You can trade directly on the floor or if you deal in sums that are big enough, you can deal with the banks.
Regrettably, most of us aren't Billionaires and lack the skill and fortitude required for the rigors of floor trading. These brokers get a separate currency rate from their respective banks. Forex brokers then offer us higher spreads and this is how they make money. Their profits are derived entirely from the spread. Here are two of the top online forex brokers.
Oanda is a large and accepted forex broker. Back then, they were one of the few that offered several base currencies to smaller traders. Oanda started out as a currency converter for large businesses such as Samsung. Oanda is the invention of Richard Olsen who founded the Olsen Group. He has authored two books on forex trading with one of them being the famous manifesto, the forex traders bill of rights
They're definitely one of the larger currency brokers and have won many awards ranging from the 2009 World Finance's Forex Award to the 2008 Euromoney Award For Excellence. They have lower than usual variable spreads compared to other brokers. They have a web based trading platform that users can use from any computer terminal worldwide.
FXCM is the worlds most accepted online forex broker to date. They are famous for having some of the lowest spreads on the market and have been slowly marketing themselves in a number of countries. It costs a mere $25 US to open a FXCM micro account and their website caters to most of the major global languages. Their trading software is named the Trading Station 2 and are testing Metatrader 4 for future use as well. They offer 6 base currencies for their customers including Euro, USD, Canadian Dollar, Pound, Yen and the Aussie dollar. - 23218
Regrettably, most of us aren't Billionaires and lack the skill and fortitude required for the rigors of floor trading. These brokers get a separate currency rate from their respective banks. Forex brokers then offer us higher spreads and this is how they make money. Their profits are derived entirely from the spread. Here are two of the top online forex brokers.
Oanda is a large and accepted forex broker. Back then, they were one of the few that offered several base currencies to smaller traders. Oanda started out as a currency converter for large businesses such as Samsung. Oanda is the invention of Richard Olsen who founded the Olsen Group. He has authored two books on forex trading with one of them being the famous manifesto, the forex traders bill of rights
They're definitely one of the larger currency brokers and have won many awards ranging from the 2009 World Finance's Forex Award to the 2008 Euromoney Award For Excellence. They have lower than usual variable spreads compared to other brokers. They have a web based trading platform that users can use from any computer terminal worldwide.
FXCM is the worlds most accepted online forex broker to date. They are famous for having some of the lowest spreads on the market and have been slowly marketing themselves in a number of countries. It costs a mere $25 US to open a FXCM micro account and their website caters to most of the major global languages. Their trading software is named the Trading Station 2 and are testing Metatrader 4 for future use as well. They offer 6 base currencies for their customers including Euro, USD, Canadian Dollar, Pound, Yen and the Aussie dollar. - 23218
About the Author:
Fxcm in addition to Easy Forex are just some subjects that the author specializes in. Prema De Silva has been in the forex trading markets for more than 7 years. Her objective is to share her knowledge on the area whever she can.
posted by X - Men @ 2:29 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home