Trading with a broker.

Foreign exchange brokers, unlike equity brokers, do not take a stand for
themselves, but only the banks. Their role is to bring together buyers and sellers in the market in order to
maximize the price they show to their customers quickly, accurately and faithful implementation
operators of order.
A greater proportion of foreign currency through brokers to execute business phone system using the box
- Microphone on the front of the agent continues transmit everything he says is a direct consequence
telephone lines for the speakers in the banks. Thus, all banks can hear all the transactions are executed. Because box system used by a broker, a broker is able to hear all the prices, if supply
was a success or an offer to take the following prices. What is it, a seller will not be able to hear the amount of
various bids and offers and the names of banks shows pricing. Prices are anonymous. The
the anonymity of the banks that are traded on the market ensures the effectiveness of the contract, and all banks have a
possibility for trade.
Sometimes the brokers a commission to be paid for the buyer and seller. Awards
negotiating on an individual basis by banks and brokerage firms.
All brokers and their customers the prices that other users or both directions (supply and supply)
prices or one way (bid or offer) prices for its customers. Traders show different prices because they
“read” the market differently, they have different expectations and different interests. And who is a broker
more than one price on one or both sides automatically optimize the price. In other words, the broker
always display the highest bid and lowest offer. Thus, the market has access to the most optimal
possible extension. Fundamental and technical analysis is used to predict the future direction of
currency. A dealer can test the market to hit a bid for a small amount to see if there is a reaction.
Another advantage of brokers in the market is a broker to provide a wider choice of bank
its customers. Some European and Asian banks in the wake of the tables and their orders are usually placed
with a broker who can deal with American banks, adding liquidity to the market