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.

---

Trade Exit - How To Cut Losses And Let Profits Run

Cut your losses short and let your profits run. This... Read More

Forex Signal, Forex Signals Advice

There are lot's of Forex signals providers out there. New... Read More

New Opportunities with Forex Trading

The simplest definition of currency trading is the practice of... Read More

Hedging Foreign Exchange Risks

The exchange rate of the Macedonian Denar against the major... Read More

Learn Forex Trading - a Guide for Beginners

One can learn forex trading as easily as one would... Read More

A Look at Forex Market Makers

The investor in the currency market takes for granted that... Read More

The Basics of Forex

Foreign exchange market is also known as Forex or FX... Read More

Where is the Market Going?

If you ask me whether the market will have moved... Read More

Internet and Computer Systems in the FOREX Business

With every passing year the interest in electronic trading is... Read More

Why Hedge Foreign Currency Risk?

International commerce has rapidly increased as the internet has provided... Read More

Why Forex Traders Plan To Fail Before They Even Place Their First Trade & How You Can Know It & ...

Have you heard the wise saying that a trader who... Read More

Online Futures Trading - Advantages and Disadvantages

What Is Online Futures Trading?A futures contract is an agreement... Read More

Dont Deny Reality

If you want to be a successful trader, you must... Read More

Disgruntled

The following situation happens quite often to many traders. Look... Read More

Forex2u Forex Strategy On Successful Forex Trading

The essence of the FX2u Forex strategy is that it... Read More

Money Management, Part 1

There are some common mistakes I've seen traders make in... Read More

Types of Foreign Currency Hedging Vehicles

The following are some of the most common types of... Read More

The Miracle of Forex

My father, who owns a small parts store and garage... Read More

Risk and Stock Trading Fees: The Two Barriers To Overcome If You Want A Successful Trading Career.

You know the old joke:"How do you make a million... Read More

Trading Profitably on the Foreign Exchange Market

You may be asking yourself "how does one begin to... Read More

Forex Currency Trading

It is possible to buy and sell money from different... Read More

Chinas New Currency Regime

The base unit for the renminbi is the yuan, which... Read More

The Yin and the Yang of Markets

I am reading a fantastic book on trading, first published... Read More

Forex Trading Systems

The foreign exchange currency market is the largest market in... Read More

Trading Tips No 1: Learn How to Trade The Moment of Truth

So you have learned how to trade the markets by... Read More

Assessing the Opportunities Presented by the New Iraqi Currency

Could it be possible that you are staring right into... Read More

Momentum Trading: A Practical Day Trading Strategy to Get Profits from Hot Stocks

Momentum day trading can be extremely profitable when done correctly...Day... Read More

6 Critical Factors For Successful Trading

Success in any profession can be broken down into a... Read More

Forex Broker

A broker is any person or firm that charges a... Read More

How To Handle A String Of Losses

Everybody hates to lose and unfortunately no one is blessed... Read More

Intrenet Marketing VS Forex Currency Trading

Have you noticed that when someone's trying to sell you... Read More

The Seven Most Traded Currencies in FOREX.

Currencies are traded in dollar amounts called "lots". One lot... Read More

Writing A Trading Plan

All professional traders have a trading plan. Trading futures is... Read More