What is the Role of Forex Broker?

[Markmuffin]

We have constantly talking about trades and traders many times; I like to start a topic which describes the role of Forex Broker…

I feel Forex broker is a firm or an individual that works as the intermediary between the buyer and seller.

What do you think? Do they act much?

[Pinalli]

Actually forex broker particularly help you in forex trading but he will only have to deal with the execution of your decisions. Although recommendations and opinions may be welcomed, you have to limit them. You have to find a broker that will only transact with your orders and nothing more.

[darfx]

i think they serve us

[daniellefr]

Well... I wouldn't call it serve, because they do get quite good cut from every trade done. Broker provides services required to be able to trade forex. Without it, you either can't do it at all, or need millions

[anna575]

Well, Role of forex broker is to serve as a middle man when the dealing is carried out between buyer and a seller. It is very important to constantly watch your broker and get the best facilities and services from them as there may be chances that they can scam you.

[Megamind]

There are two broker's working styles:

Win-Win

You make a deposit and trade with a lager amount of money. You as a trader have a profitable strategy and make many trades per week.

Broker executes your trades and takes his interest.

More trades - more profit - more interest for the broker.

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Lose-Win

You have a micro account and trade with a small amount of money. Broker is a market maker for you. You make a profit - broker pays you from his pocket. You lose - he gains.

In this case broker very interesting in you to have a non-profitable system.

More accounts - more loses - more income for the broker.


What type of brokers made more money?

[juliescott26]

Forex broker will act as a middle man when do deal between buyer and seller. It is very important to watch your broker and obtain better facilities and services, and there may be opportunities can deceive you.

[forexreviews]

You must be selective in finding the best broker, since it is a difficult task for there are lots of forex broker in the trading market. And also look for a broker who could help you in your market trading fortune.