What is a Forex Broker?

First of all we have to answer the question what a forex broker is. A forex broker is a place where you can trade with currencies. This is called foreign exchange market or in short: Forex. A broker offers you the possibility to trade with currencies online and every time you want. This is a great opportunity because forex trading was limited to institutions so far. Of course you can go to your bank and buy some euros and exchange them later when the have become more worthy.

So the Internet and Forex Broker give you the fantastic chance that you can speculate on rising or falling currency exchange rates and become part of the biggest market in the world: the foreign exchange market.