What is a Currency Broker?
Currency brokers are financial professionals who are authorized to execute orders for the purchase and sale of domestic and foreign currencies. The object of the currency broker is similar to that of a stock broker, in that he or she seeks to assist investors in making a healthy return from the trading activity. A currency broker may operate as an independent broker or be connected with a brokerage house. Unlike many stock brokers, a currency broker participates in a marketplace that is operating around the clock. Sometimes referred to as foreign exchange, or FOREX, brokers, a currency broker can accept and execute orders for an investor at any time of the day or night. Due to the relatively frequent shift in the value between any two currencies, the process of keeping up with current rates of conversion can be a daunting task. This means an effective currency broker must constantly check on the current status of how a given currency currently exchanges with another currency. In most s
Currency brokers are financial professionals who are authorized to execute orders for the purchase and sale of domestic and foreign currencies. The object of the currency broker is similar to that of a stock broker, in that he or she seeks to assist investors in making a healthy return from the trading activity. A currency broker may operate as an independent broker or be connected with a brokerage house. Unlike many stock brokers, a currency broker participates in a marketplace that is operating around the clock. Sometimes referred to as foreign exchange, or FOREX, brokers, a currency broker can accept and execute orders for an investor at any time of the day or night. Due to the relatively frequent shift in the value between any two currencies, the process of keeping up with current rates of conversion can be a daunting task. This means an effective currency broker must constantly check on the current status of how a given currency currently exchanges with another currency.
