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A forex brokerage is an entity that connects retail forex traders (i.e. individuals that trade on the foreign exchange market) with the forex market. The forex market is traded on the “interbank” which is a fan...
A forex brokerage is an entity that connects retail forex traders (i.e. individuals that trade on the foreign exchange market) with the forex market. The forex market is traded on the “interbank” which is a fancy way of saying banks trade electronically with each other at various prices that vary from bank to bank. The growth of forex brokerages can be attributed to the fact that, now more than ever; people wish to make money from home rather than going to work and putting money into someone else’s pocket. Among these people are Forex traders – people that predict the price movements of various currencies from around the world in order to make a profit. To do this, they need Forex brokers; so, the more “home traders” there are, the more Forex brokers will increase.
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