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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.
The clients of a forex broker include retail currency traders who use these platforms for speculation on the direction of currencies.Their clients also include large financial services firms that trade on behalf of investment banks and other customers.
Full-service brokers, or financial advisers, offer more than one service – such as retirement and investment planning, tax advice and research. Someone who doesn’t have time to do their own financial planning might find this type of broker useful. Full-service brokers normally work for fee that is higher than other broker fees. The main difference between full-service brokers and other brokers is the amount of services they offer.
A discount broker is a broker that charges a lower commission, because they don’t offer any advice or value-adds like research and planning to your trade, they only execute. Typically, the more trades they execute for you, the lower the cost. If you choose this type of broker, you would need to manage your portfolio yourself.
Currency trading is one of the most attractive markets for both new and experienced traders.Currency prices affect the lives of everyone around the globe which is what makes forex such a popular investment instrument.
Gives you access to a range of 6 precious metal pairs including Gold, Silver, Platinum and Palladium traded against either the US Dollar or the Euro. Used in jewelry, industrial inputs and as safe haven assets in market turmoil – these symbols often move in line with market cycles and inflation.
The world's largest stock markets in the US, Europe, Asia and the emerging markets are all sensitive to a variety of indicators and events. Investors use these to their advantage - news of negative GDP may pull an index down, whereas better than expected employment figures will increase the index.
Commodities present good diversification for traders, since commodity prices are built around the moving and delivering of physical assets.