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Is FOREX an online foreign exchange broker?
FOREX is an online foreign currency broker. They offer foreign currency trading online. It is like eTrade but instead of investing in stocks, you invest in currency.
Who handles foreign exchange?
In order to trade in foreign exchange a trader must be registered with a broker. A comprehensive list of Forex brokers can be found on the Forexpros website:
How does exchange foreign trading work?
Foreign exchange trading is the speculation and exchange of foreign currency according to the fluctuation in values. Trading is done via a foreign exchange broker. Currency is purchased at a good price, based on the expectation the value will rise against another currency.
What service do a foreign currency broker provide?
A foreign currency broker helps with investment and international trade by authorizing currency conversion. In April of 2010 the daily average turnover for the global foreign exchange was estimated at almost $4 trillion.
How does online foreign exchange trading work?
Online foreign exchange trading works in a simple fashion. One purchases (or sells) a foreign exchange pair, e.g. EUR/USD via a broker on the exchange. The market that is traded on depends on which markets are open. The biggest exchange in terms of volume is the London market.
How is a foreign exchange market different from foreign exchange?
Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.
What is the job description of foreign exchange brokers?
A foreign exchange broker applies financial knowledge and understanding to buy, hold or sell assets on behalf of a financial institution. Minimum qualifications tend to be a Bachelor's degree, usually in business.
How can one buy foreign currency for investment purposes?
To buy foreign currency for investment purposes you can contact a Exchange Trade Funds broker. They are brokers that specialize in foreign currency and can help you choose the right currencies.
Where does foreign exchange currency trading take place?
Foreign exchange trading can be conducted in a variety of countries such as Mexico, China, and Ukraine. It all depends upon the time, place, and budget.
Can you buy stock from the stock market?
You have to be a broker with a seat on the exchange to trade stocks on the stock exchange. You can get such a broker to buy and sell for you, but he will charge a commission. There are stocks that you can buy directly and other stocks that are not traded on the exchange and any broker can buy for you,
How do you purchase shares on the London stock exchange?
Through your broker. You can do it through an online broker or through your regular broker. Most brokers allow you to buy shares in the London Stock Exchange these days.
Is When making a purchase for you your broker contacts the sales broker at the stock exchange?
no that's false
