Yes – we believe that if you wish to become a consistently profitable FX trader over the long term, then you should not be seeking to copy other traders’ trades via signals. Instead, you should master the skill for yourself in order to become self sufficient.

A Forex broker is a person or a company that acts as a middleman in financial transactions. Basically, a broker will offer to buy and sell currencies for its clients, and make a profit on the spread (the difference between the buy and sell prices).

There are two types of Forex brokers: retail brokers and market makers. Retail brokers offer foreign currency trading to retail customers.

The foreign exchange market is primarily over-the-counter (OTC.) It occurs either via electronic platforms or on the phone between banks and other participants. Only 3% of trades, mostly futures and options, is done on exchanges.

All currency trades are done in pairs. When you sell your currency, you receive the payment in a different currency.Every traveler who has gotten foreign currency has done forex trading