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Starting Your ? 3 Things to Consider A forex brokerage is an entity that connects retail forex traders i. Among own people are Forex traders — people that predict the price movements of various currencies start around the world in order to make a profit.
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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 fancy way of saying banks trade electronically with each other at various prices that vary from bank to bank.
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Running your own Forex Broker business. The rapidly growing number of new and experienced traders flocking to the $4 trillion a day currency market need a good broker to begin with. This has created a huge potential for enterprising individuals to meet their requirement for a safe place to do their trading
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The growth in the number of forex brokers during this time is attributable to the fact that they have realized the tremendous revenue opportunity that is there for them when they own a brokerage rather than simply introducing clients.
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The size of the Forex market holds vast opportunities, and if you have ever considered setting up your own Forex brokerage here are six factors you should be aware of and follow before starting your own FX brokerage firm. The first point you want to consider is the establishment of your company.
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