FX trading is typically done through brokers. Brokers are companies providing individuals like you with access to the interbank market where all the trading takes place. In other words, a broker gives you a special software program, where you can see live currency quotes and are able to place orders to buy/sell currencies with just a few clicks. When you decide to stop your trade, the broker closes the position on the interbank currency market and credits your account with the gain or loss. It will take you only a couple of minutes to open an account with the Forex broker of your choice and begin your trading career. As a reward for the services, a trader pays to his broker spread or commission.
When choosing a broker, pay attention to the company’s goodwill, age and regulation. FBS is providing high-quality services to its clients since 2009 and is widely recognized as one of the market leaders. Its worldwide success doesn’t prevent the company from being extremely customer-driven and meeting the needs of every single trader. FBS support is always ready to help you and is available 24/7. In addition, it’s important which trading conditions a broker offers. In particular, compare the execution speed, spreads, swaps and commission. FBS can boast split-second execution, spreads from 0 pips, 100% deposit bonus for trading, free deposit insurance and many other benefits for traders. We do aim to give you the best of Forex!
Other articles in this section
- Demo accounts
- MACD (Moving Average Convergence/Divergence)
- Position size, level of risk
- Margin, Leverage, Margin Call, Stop Out
- Swap and rollover
- Transaction, profit, loss. Types of orders
- Economic calendar
- How can I predict where exchange rates will go?
- Bid and Ask price. Spread
- Calculating 1 pip value for different currency pairs
- What is a lot?
- Calculating profits
- What are pips and lots?
- How to trade?
- Currency pairs. Base and quote currencies. Majors and crosses
- What technical tools do I need for trading?