Part 1 of 2 what is a FOREX broker?
The FOREX trader a very special type of trader.
Making money in FOREX takes time, effort and money. So far I haven't see anybody who is trading that can presume of not spending a lot of time and money. Be good at trading is not easy never was, never is and maybe never will be. (But don't be sad) luckily there are many traders out there ready to trade for us.
I'll talk about the FOREX brokers a very special type of investors, they make money using different trading techniques that allow them to take some money from each small or big trade, this is something not just anyone can do mainly because they work with different currencies and apply a different method for each one of them. In general terms the trader will make money from the difference between what the buyer pays for a currency and what the seller receives for the sale. Knowing when is the best moment to buy or sell is their work, the market is there constantly moving the work of a trader is go and find good deals, nice currency prices and use their experience to bid or sell.
Some years ago the FOREX brokers were rare to find, people in general were not involved in currency purchase or sells,this was normal since only large banks and corporations could participate in FOREX exchange plus there were not many trading tools for people in general either. Good thing is today there are thousands of active FOREX traders (brokers) that trade for themselves and also trade for others too, specifically people interested on investing their money on currency trading but can't really spend their time learning foreign currency trading.
A good FOREX broker made through experience over the years knows that it is impossible to get the perfect trade simply because there's no way to know the particular behavior of the market they just can "guess" based on experience and help from expert software that make their work easier.
So why is so difficult to trade? well with a huge market like it is the FOREX plus the economy instability it's not easy to determine when is the best moment to buy or sell and yet try to make the best out of each trade, to put it in prospective let's say you (a person without FOREX training) may try to guess which way the currency market is going, chances are you will lose all your initial investment (failing miserably) leaving you out of the play. A good trader will go with a plan and keep emotions out of the trading activity because if they use emotions they are automatically putting their money at risk.
If you liked the article go to http://www.blog.getintoforex.com and read more articles like this. Plus you'll get free training and the opportunity of having your account managed by Tom Flora a FOREX broker with more than 16 years of experience who developed his own trading method and now he's managing many accounts around the world with excellent results.
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