Forex is short for foreign exchange is a currency exchange operation of a country with another country’s currency initially utilized by some person or party to travel abroad or make payments abroad.
Given the condition of the currency is very volatile because it is affected by supply and demand, not an imaginary utilized to benefit the majority party. Basically, the for-profit in forex is not just a personal or traders, central banks, governments, commercial banks, hedge funds, and multinational corporations, but also brokers.
Brokers can be personal and companies can also set up their duties traders to be able to conduct transactions or purchase or sale of forex trading. So, it can be said broker is an intermediary or bridge that forwards the request to the broker the trader greater and so on, so that ultimately the trader requests can be confirmed in a larger forex market and massive. Sometimes, traders are also charged with providing information to the trader against the trend or price movement in forex.
Services is then be used by forex brokers to earn a profit. The advantages are realized through the commission. In general, both the ordinary and the top broker forex forex brokers have different rules in the attractive commissions for services rendered. There are forex brokers who establish a commission on the basis of each lot and some forex brokers that establishes a commission from the spread or difference between the sales price and the purchase price of foreign currency. Now this is generally the broker establishes a commission through the spread.