Introducing broker Forex: The foreign exchange market is a type of exchange for the global decentralized trading of international currencies.
According to the statistics from the Bank for International Settlements – which serves central banks in their pursuit of monetary and financial stability – the average of currency exchange is 4 trillion US dollars a day.
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Introducing Broker Forex — in an industry where there is literally a sea of online brokers and dealers competing for your business, is it really worth using an IB?
It's a valid question, but it should be remembered that working with an IB instead of directly going to an online broker could make the difference between making thousands of dollars and making nothing at all.
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Introducing broker Forex, not too long ago, the industry used to be like the wild west – anything went. Forex brokerages use to take anyone on as an introducing broker (IB) so long as they brought in traders.
Now, the more reputable brokers only tend to take IBs who are registered with some regulatory body like the NFA or the CFTC.
An IB is often viewed with skepticism by traders as a kind of middle-man, and technically, they are.
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Introducing broker programs are fast becoming one of the main draws of any respectable online brokerage. As a result brokers are enjoying record returns and new brokers are climbing faster than ever before. An introducing broker is basically a recruitment specialist for an established Forex broker; in addition they are also teachers and advisors for their clients. IBs don’t usually trade Forex; instead they make rebates on their clients’ trades. This provides them with a great deal of incentive to seek out capable professionals who have what it takes to become prosperous Forex traders. Seguir leyendo “Introducing Broker Programs Take Off”
Asian stocks dropped for the first time in four days in Fx forex trading as spreading tensions in the Middle East drove oil above $100 a barrel, reigniting concern that higher energy costs will hamper the global economic recovery.
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The euro dropped versus all of its most-traded counterparts for Introducing broker forex, as European finance ministers ruled out immediate steps to tackle the debt crisis.
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The euro strengthened against all but one of its 16 most-traded peers in online forex trading, amid anticipation data tomorrow will show the U.S. job market is improving, bolstering optimism the global recovery is being sustained.
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