Hello Trader, now we will talk discuss about online forex broker, yeah .. Forex Broker, for you who will be ready to join the real Forex Trading, you must be carefull choice the online forex broker .. oke let’s talk about it
Online Forex Broker ? What is that ??
for newbie in Forex Trading, i think this word ” online forex broker ” feel so strange, isn’t huh??
Online forex broker is actually led to the modernization of Forex trading. In the year 90-an before the internet was popular, entering the forex market is extremely difficult due to the high transaction costs. In addition, at that time the foreign exchange businesses also are generally still very restricted.
But in the end, regulators and commodities futures trading in the United States, which called the CFTC (Commodities Futures Trade Commission), managed to push a number of laws that open the door to trade forex online. From there it is finally born as the agent of the online forex broker who bridge the trader forex market internationally. After the popularity of the internet, the forex business is slowly starting to become known and sought after communities because of trading can be done with very practical. We just opened an account at a trusted online forex brokers, trading, and then make a deposit and withdraw profits if the profit.
The problem here, not all of which claimed to be the online forex brokers on the internet is truly a real online forex brokers. However, many online forex brokers that are run by people recognized cheating, so once a deposit then practically our funding vanished. Currently the myriad types of online forex brokers who stand out there, and the smart trader should be clever-clever choosing the honest broker. Well, so do not be fooled, first let’s recognize the first online forex brokers types and how to choose the most suitable for us.
1. The types of online forex brokers
Basically, there are two main types of online forex brokers, that broker with the Dealing Desk (DD) and No Dealing Desk (NDD). DD brokers sometimes also referred to as Market Maker, While the Broker can be further divided into NDD broker Straight Through Processing (STP) and a combination of STP with Electronic Communication Network (ECN). READ MORE >>>
2. how to Identify the honest online forex brokers or Scam online forex brokers
With so many types of online forex brokers, we as traders must choose which one? Well, to make sure that our choice of forex broker is a pure broker, there are a few things that ought to be traced. What’s it? CHECK OUT HERE >>>
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