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How does the currency exchange rate work?
Asked by unknown
1 Answers
These rates are usually pegged to the U.S. dollar. Their central banks have enough money in their foreign currency reserves to control how much their currency is worth. To keep the exchange rate fixed, the central bank holds U.S. dollars. It also increases the supply of dollars, sending its value down.
Do you need a broker to trade forex?
Asked by unknown
1 Answers
Forex without broker. The concept of trading without a broker in the financial market may seem quite absurd as first. But, with currency exchange, a broker may not always be required to carry out trading. Forex without broker is based on a similar concept and, at times, can be quite advantageous.
How Forex brokers make their money?
Asked by unknown
1 Answers
Forex Broker Fees. In return for executing buy or sell orders, the forex broker will charge a commission per trade or a spread. That is how forex brokers make their money. A spread is a difference between the bid price and the ask price for thetrade.