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  1. #1
    Trader
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    Apr 2020
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    Who is the forex broker and brokers role?

    Who is a forex broker?
    A forex broker is a specialized financial services company that offers forex trading services. They are the company that represents your interests and helps you enter and exit trades on the forex market. Brokers act as middlemen, helping you find buyers or sellers as you need them.
    Role of forex broker in forex trading

    Brokers perform the following functions in forex trading:
    They do comprehensive research about the market the trader is interested in and provide detailed technical analysis of trading avenues and profitability.
    Buy and sell trades keeping in mind the financial goals of the trader.
    Provide valuable advice to traders, specifically offering forex trading tips for beginners who need guidance in trading.
    Promote the trader’s forex holdings to potential buyers.
    In exchange for their services, the forex broker charges a few pips of the overall trade value from you as their commission.

    Without the broker, it would be incredibly challenging for traders – especially beginners – to trade on the forex market successfully. This is why it's necessary to hire a broker for yourself at the earliest.

    You can learn more about forex best indicator at here.

    Thank You

  2. #2
    Junior Trader
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    Dec 2021
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    It is important to choose a broker with the optimal bee credit. You can also take a leverage of 1:1000, but do not forget about the big risks in trading with this leverage. I think the conditions from ForexChief are suitable for this type of trading, the spread is low on the main currency pairs, the leverage is 1:400 and higher, there is a cryptocurrency, algorithmic trading is allowed, the minimum entry threshold is 10 US dollars or the equivalent in nine currencies.

  3. #3
    Senior Trader
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    Leverage is a dangerous tool. You have to be very careful with this.

  4. #4
    Senior Trader
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    Quote Originally Posted by Foget View Post
    Leverage is a dangerous tool. You have to be very careful with this.
    We must learn how to make use of the correct trading leverages and maintain them in our trading accounts.
    FXOpen - one of the most successful and fastest-growing Forex brokers.
    UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.

  5. #5
    Senior Trader
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    It's not very important. For example, I have a leverage of 1:300 on my ForexChief account, but I use it at a maximum of 1/3. Therefore, even the fact that I choose an account with a leverage of 1:500 does not mean that I trade 100% with this leverage.

  6. #6
    Senior Trader
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    Dec 2020
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    Quote Originally Posted by Foget View Post
    It's not very important. For example, I have a leverage of 1:300 on my ForexChief account, but I use it at a maximum of 1/3. Therefore, even the fact that I choose an account with a leverage of 1:500 does not mean that I trade 100% with this leverage.
    You can start trading in the Forex Markets with a Deposit of 100USD in ECN Account of FXOpen Broker
    FXOpen - one of the most successful and fastest-growing Forex brokers.
    UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.

  7. ARIONFORXtarder
 

 

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