This is Fortunately If You Use Forex Brokers
In the world of forex trading, of course you will know some terms like brokers. Brokers are people or companies that you ask for help to buy or sell currencies, and the current form of brokers can be done online and automatically, so that there is no manual intervention as possible in the past. The existence of a Retail type forex broker makes it easy for you to do forex trading which is generally dominated by large institutions. Generally forex brokers are divided into two types namely dealer and non dealer brokers.
Forex Broker Dealer
Dealer brokers are brokers that can make their own market conditions. The dealer broker gets a profit through the opposite recipient of the position of the trader (his customer). You could say the profits obtained by this dealer are quite unique because if a trader experiences a loss, the dealer broker gets a profit. This is because the broker dealer will pay for himself the cash for the profit of the customer not from the real market.
Non Dealer Forex Brokers
Non dealer brokers are intermediaries between traders and the money market. He takes advantage of each pair (from the difference in the selling price or spread) so that he doesn’t care whether the trader experiences a loss or profit. The costs borne by this broker usually also includes operational costs, commissions to agents to fees to other brokers or to their liquiditor.
From the point of view of a beginner trader, brokers also have their own benefits, as follows:
Your Broker with the Forex Market
Brokers are your intermediaries to enter the forex market. He is in charge of channeling the transactions you want to the market directly. Brokers do not only come from within the country but also come from abroad. The advantage of using foreign brokers is spread or lower commissions, more features such as copy trade or multi software tradeing, more account types and have a variety of promotions. Local brokers themselves have the advantage that they are easy to reach, have a mini account and are domiciled in Indonesia.
Loss Risk Can Be More Pressed
Using a forex broker will certainly be able to reduce the risk of losses in trading. Brokers certainly have more knowledge than you who are beginners. You can also be recommended a demo account that is similar to the current forex market situation. Trying to simulate a forex demo account can help improve your ability in forex trading.
Optimal Technology and Services
When you use a broker, you will not feel alone in this forex trading business. if you experience difficulties then you can rely on the broker you choose. Forex brokers are also always ready to help you 24 hours. The technology used in the trading process is also much more sophisticated. You could say a forex broker is a teacher who is ready at any time to teach you about forex trading.
Providing Accountable Analysis
Especially to analyze forex market conditions you need a high and stable internet connection. The existence of a forex broker can help you in obtaining more accurate data. You will also be provided with various forex products that you can make as investments. Brokers will usually offer other trading products such as gold, silver, stocks or oil.
All Can Be Online
Thanks to the technological sophistication of all transactions in the forex market, you can monitor it online. Now also available online forex brokers that can help you anytime and anywhere. Forex business by utilizing this technology certainly makes you more flexible to set the time when trading. The existence of an online forex broker can also help you in performing analysis faster, even if it only takes a few seconds, you can do the process all.
Even so in choosing a forex broker you certainly need to be careful. This is to avoid fraud that has happened in recent years.