Tag: Broker

What is FOREX spread?
The spread is how a FOREX broker makes money. Currencies are quoted in pairs such as USD/GBP. In the example of USD/GBP; USD is the base currency and GBP is the counter currency, or quote currency. If it took 2 GBP to purchase 1 USD then USD/GBP...  Read the full article

What are voice broker trades?
The fundamental task of a voice broker is to communicate prices between buyers and sellers, and used to be the only way to trade the foreign exchange markets. The task of communicating prices has largely been replaced  by electronic trading...  Read the full article

What is a NDD broker
Non-Dealing Desk broker doesn’t interfere in the dealing process providing his clients direct access to the interbank Forex market. In the past this kind of brokerage was the privilege of institutional clients with large sums and huge...  Read the full article