Among the great mass of promotional offers at the present time it should be noted that the types of access to the forex market a little bit different. The first way - is a direct access. Direct access to the forex market are banks. In the banks are sitting dealers who shall follow the Bank's purchase of a currency.
We would not say fully that it is trading in the Forex for profit. No, the dealer is not a trader, a man carrying a purely technical operation. Just need a bank currency, he buys it. Bank does not need a currency, it sells it.
Most often referred to as the dealers themselves are not the people who buy and sell on the forex market and the banks themselves, although it was directly in these banks is the position of the dealer. Dealers themselves expose the application for the sale and purchase of currency in the so-called glass, so they are called market makers, which literally: a doer of the market. As a rule, are trading without the shoulder (where it will undertake to direct the market?) At least one item, that is, one million of the base currency. Maintenance costs of access - are significant.
The second method - a trading forex en through brokers, as are, by banks. Typically, this is the very bank dealers. Upon request, customers, dealers, banks in the market to buy a certain amount of a currency, now it's all done through software. For their services the bank-broker receives a commission in the form of so-called spread. The broker shall open an account customer, can provide leverage, but also operates on behalf of a client. A client can buy or sell a particular currency.
There is a third way to access the market at present. This DC - dealing center or the so-called "kitchen". What are their advantages? Low requirements to the minimum value of the account is free and a very large leverage, low spreads (the Commission) or their complete absence.
How technically made a deal? Clients open accounts in the DC, creating the internal market. DC gets quotes from this market, for example from any bank, dealer, whose client he is. For these quotations customers implement transactions using funds in the domestic market. Some of the DC, especially honest and serious overlap of the transaction customers on this market. What are the disadvantages in this trade? Low reliability. Machinations on the part of DC in the form of non-market quotations and other inconveniences, because their income depends on the outcome of trade customers.
What is the best way to choose an ordinary trader will ask? If you're really a trader, the recommendations do not need and you already have a contract with the bank. Some traders trade through a large broker as broker behaves decently against them, and the domestic market until the broker arranges them. If you are a beginner, choose a broker with a small initial deposit. Maintenance costs for the broker you will not be rational, and a large initial deposit, which require brokers you can still merge. If you are just learning - carry his hundred dollars in another DC.
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