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Different Kinds Of Forex Brokers One Needs To Know

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The forex brokers play an important role in the foreign exchange markets executing the buying and selling of the currencies. There are several forex markets like Juno Market forex etc., and hence one needs to be careful while choosing one. There are Market reviews available on the internet to make the people aware. Similarly, the forex brokers must also be selected wisely as they are the ones who are dealing with your money. There exist two main kinds of Forex brokers; Dealing Desk brokers and the non-dealing desk brokers.

The dealing desk brokers are also called dealers and the market makers. They gain money through spread, the difference between the ask price and the bid price. In this way, they give liquidity to their customers. These brokers are legally responsible to display their best possible price to their customers by the national and international regulatory authorities. There may be a …