About the Markets

Unlike a stock market, the foreign exchange market is divided into levels of access. At the top is the interbank market, which is made up of the largest commercial banks and securities dealers. The foreign exchange market works through financial institutions, and it operates on several levels. Behind the scenes banks turn to a smaller number of financial firms known as “dealers,” who are actively involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the “interbank market”. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars.

About Brokers

Individual retail speculative traders constitute a growing segment of this market with the advent of retail foreign exchange trading, both in size and importance.There are two main types of retail FX brokers offering the opportunity for speculative currency trading: brokers and dealers or market makers. Brokers serve as an agent of the customer in the broader FX market, by seeking the best price in the market for a retail order and dealing on behalf of the retail customer. They charge a commission or mark-up in addition to the price obtained in the market. Dealers or market makers, by contrast, typically act as principal in the transaction versus the retail customer, and quote a price they are willing to deal at.

About Trading

Many of those who embark on the road to trade Forex often think of trading Forex as a way to make a fortune overnight. They look for the latest “trick” or “holy grail” of trading. For successful traders, Forex trading is a business like any other that needs investment, work, patience and skill to survive and make money consistently. However, many traders keep struggling to break through the barriers that prevent them from getting consistent profit.

About Us

Our intent is helping you make right decision while choosing the best broker and trading platform.. We strive to give you the most reputable 4X broker information and lists. Value added low and fixed spreads are also what we seek from our trading brokers. Matching you and the forex market with the best forex broker for your trading style.

We would also be pleased and honoured to have this blog serve as a place where traders could connect with like-minded peers.
A place where each trader, experienced and novice can both benefit from peer mentorship and can contribute to the mentoring of other traders. If you have an interest in forming or joining a group, by all means feel free to communicate this to the users or admin and we will setup the appropriate venues. And COUNT US IN !

More Information

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