What Does a Forex Broker Do?
A forex broker is a corporation that offers traders with a platform for buying and selling foreign currencies.Foreign exchange is abbreviated as forex. In the forex market, transactions are always made between two distinct currencies.A forex broker is sometimes known as a currency trading broker or a retail forex broker.The foreign exchange market is a worldwide, 24-hour market by necessity. Retail currency traders who utilise these platforms to speculate on currency direction are among a forex broker's clients. Large financial services businesses that trade on behalf of investment banks and other customers are among their clientele. Each forex broker firm will only deal with a small part of the total volume of the foreign exchange market. The majority of foreign exchange transactions are between pairings of currencies from the G10 countries. The United States dollar (USD), the Euro (EUR), the pound sterling (GBP), the Japanese yen (JPY), the Australian dollar (AUD), the New Ze...