With the development of information communication systems, access to the currency market has open up to millions of people with small capital. Previously, it was possible to start trading only with significant amounts, conducting transactions through commercial banking systems.
Now, numerous dealing centers help novice traders conduct transactions on the Forex market, requiring really modest minimum deposits – just a few tens of dollars or even less.
DC is a broker. We will often use both concepts in the same meaning. A broker is a general concept, an intermiary between a trader and other market participants, helping to carry out purchases and sales.
Any DC is a broker, but not every broker is a DC
The dealing center directly or through other intermiaries carries out operations on the market order by the trader. The traders themselves do not buy or sell anything personally: they give orders to the DC to carry out this or that operation.
These non-banking organizations do not allow direct purchase of currency, which could then be deposit into a bank account, for example: all transactions through DCs on Forex are purely speculative.
That is, when buying Dealing whatsapp number list center or selling currency, the trader undertakes to make a reverse exchange after some time (this moment is call “closing the position”) for the same amount of money as when opening the position.
To start trading, a trader opens
A personal account in a dealing center. He receives information about the state of the market through a trading terminal (software provid by the DC), and through it he carries out transactions, giving commands for their execution. Account replenishment and withdrawal of funds are carri out through a personal account on the broker’s website.
Numerous Forex currency whatsapp in b2b marketing. can it work? market traders simultaneously order counter transactions. At the afb directory moment when some buy Dealing center and others sell the same asset, the DC mutually satisfies the orders, earning on the difference between the purchase and sale rates – the spread .
