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What is forex broker?

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A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is an abbreviation of foreign exchange. Transactions in the forex market are always between a pair of two different currencies. Another name of forex broker is retail forex broker or a currency trading broker. The forex broker is an international market and work 24 hour. Most foreign exchange transactions are between pairs of the currencies of the 10 nations that make up the G10. The nations and their currencies include the U.S. dollar (USD), the Euro (EUR), the pound sterling (GBP), the Japanese yen (JPY), the Australian dollar (AUD), the New Zealand dollar (NZD), the Canadian dollar (CAD), and the Swiss franc (CHF). Most forex brokers give permission to customers to trade in other currencies.

How to open a forex account?

Opening a forex account in the modern …