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What Is A Forex Broker?
By Eddie Tobey, Wed Dec 7th
The / Foreign Exchange market is the world’s largestand most dynamic market. Nearly $1.8 trillion is traded everyday. The word Forex is derived from the words Foreign Exchange. A Broker is an individual or firm that acts as an intermediarybetween buyer and seller. Forex brokers are firms that deal inforeign exchange. The foreign exchange market is quite similarto the equity markets, except that typical forex brokers do notcharge a commission. However, forex brokers are required to havea license. Forex brokers earn money from the spread (also called “pip”).The spread is the difference between the prices at which acurrency is bought and sold. A pip is the smallest priceincrement in a currency. For example, in Euro/US Dollar(EUR/USD), a move from 0.9008 to 0.9009 is one pip. In USDollar/Japanese Yen (USD/JPY), a move from 127.41 to 127.42 isone pip.
Forex brokers can be compared on the basis of the spread theycharge. Most forex brokers publish live or delayed prices ontheir websites so that the investor can
GBP/USD and EUR/GBP levels?
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexlive.com/blog/2012/02/07/gbpusd-and-eurgbp-levels/" style="font-size:1.2em">GBP/USD and EUR/GBP levels?</a>
<br> <span style="color:#888888;">ForexLive (blog)</span> - <span style="white-space:nowrap">9 minutes ago </span>
<div style="width:80%;">By Joe Brown || February 7, 2012 at 11:43 GMT Take a 5 minute survey to help us stay in tune with readers and keep the site fresh.</div>
</div>
Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.bestsyndication.com/?q=20120206_futures_forex_signals_gold_euro_dollar_yen.htm" style="font-size:1.2em">Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">39 minutes ago </span>
<div style="width:80%;">(Best Syndication News) Brent crude oil advanced today as tensions between Iran and the United States continued to fester (see forex and commodities charts below).</div>
</div>
Forex Flash: EUR/USD estimated downside to 1.1500 end of 2012 ? UBS
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://community.nasdaq.com/News/2012-02/forex-flash-eurusd-estimated-downside-to-11500-end-of-2012-ubs.aspx?storyid=118984" style="font-size:1.2em">Forex Flash: EUR/USD estimated downside to 1.1500 end of 2012 ? UBS</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">55 minutes ago </span>
<div style="width:80%;">FXstreet.com (Barcelona) - January witnessed the bloc currency surge from sub 1.2650 levels to the 1.3230 region. Better-than-expected key economic indicators in the euro zone, successful bond and T-bill auctions in Germany and peripheral debt markets ...</div>
<a href="http://www.thestreet.com/story/11403437/1/euro-reversal-to-gather-pace-ahead-of-ecb-sterling-holds-tight-range.html">Euro Reversal To Gather Pace Ahead Of ECB, Sterling Holds Tight Range</a> - <span style="color:#888888">TheStreet.com</span><br>
</div>
Greece sells 812 mln euros of T-bills, yield eases
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.reuters.com/article/2012/02/07/greece-tbills-idUSL5E8D724720120207" style="font-size:1.2em">Greece sells 812 mln euros of T-bills, yield eases</a>
<br> <span style="color:#888888;">Reuters</span> - <span style="white-space:nowrap">1 hour ago </span>
<div style="width:80%;">* Yield drops 4 basis points to 4.86 pct * Bid-cover 2.72 vs 2.80 in Jan * Needs to roll over 1.0 bln eur of T-bills Feb 10 ATHENS, Feb 7 (Reuters) - Greece sold 812.5 million euros ($1.06 billion) of six-month T-bills on Tuesday to fund the rollover ...</div>
</div>
Euro Slightly Lower As Greek Debt Talks Linger
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=159050:euro-slightly-lower-as-greek-debt-talks-linger&catid=193:daily-forex-fundamentals" style="font-size:1.2em">Euro Slightly Lower As Greek Debt Talks Linger</a>
<br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">2 hours ago </span>
<div style="width:80%;">In a thinly traded session devoid of key eco releases, attention went to the tribulations surrounding the Greek bail-out package. So some risk-off buying and maybe some short covering following Friday's correction led to modest daily gains.</div>
</div>
The EUR/USD cross rate drifted lower in Asia yesterday
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.fxstreet.com/fundamental/market-view/sunrise-market-commentary-currencies/2012-02-07.html" style="font-size:1.2em">The EUR/USD cross rate drifted lower in Asia yesterday</a>
<br> <span style="color:#888888;">FXstreet.com</span> - <span style="white-space:nowrap">3 hours ago </span>
<div style="width:80%;">by KBC Market Research Desk - KBC Bank | View company's profile On Monday, uncertainty on the outcome of the Greek debt negations provided the perfect excuse for profit taking on the recent risk rally.</div>
<a href="http://www.forexyard.com/en/market-analysis/lack_of_greek_deal_sends_eur_tumbling-2012-02-07">Lack of Greek Deal Sends EUR Tumbling</a> - <span style="color:#888888">Forexyard</span><br>
<a href="http://www.forexpros.com/analysis/greece-talks-extended,-euro-holding-above-1.3000-113275">Greece Talks Extended, Euro Holding Above 1.3000</a> - <span style="color:#888888">Forex Pros</span><br>
</div>
EUR/GBP Forecast February 7, 2012, Technical Analysis
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.fxempire.com/technical/technical-analysis-reports/eurgbp-forecast-february-7-2012-technical-analysis/" style="font-size:1.2em">EUR/GBP Forecast February 7, 2012, Technical Analysis</a>
<br> <span style="color:#888888;">FX Empire</span> - <span style="white-space:nowrap">4 hours ago </span>
<div style="width:80%;">EUR/GBP fell most of Monday as the Euro got sold off. However, later in the day saw the Euro get a bit of a reprieve by the Americans, and this pair rose as a result.</div>
</div>
Ageas Outlines Settlement Impact With Fortis Bank And BNP Paribas - Quick Facts
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.nasdaq.com/article/ageas-outlines-settlement-impact-with-fortis-bank-and-bnp-paribas---quick-facts-20120207-00062" style="font-size:1.2em">Ageas Outlines Settlement Impact With Fortis Bank And BNP Paribas - Quick Facts</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">(RTTNews.com) - International insurance company Ageas (AGESY.PK) Tuesday outlined the impact of the settlement with Fortis Bank and BNP Paribas.</div>
</div>
Daily Report: Aussie Soars after RBA Pause, Euro Soft on Greece
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.actionforex.com/action-insight/market-overview/daily-report:-aussie-soars-after-rba-pause,-euro-soft-on-greece-20120207159008/" style="font-size:1.2em">Daily Report: Aussie Soars after RBA Pause, Euro Soft on Greece</a>
<br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">Aussie jumps sharply today and hit new record high against Euro after RBA unexpected left rates unchanged at 4.25%. The RBA unexpectedly left the cash rate unchanged at 4.25% in February, in contrast with consensus of a rate cut by -25 bps.</div>
<a href="http://www.ibtimes.com/articles/293874/20120206/weekly-summary-usd-eur-gbp-jpy-aud.htm">Weekly Summary on USD, EUR, GBP, JPY, AUD, CAD, MXN and RMB</a> - <span style="color:#888888">International Business Times</span><br>
<a href="http://www.finnewsnetwork.com.au/BrokerCommentry/659/FX-Technical-Outlook-%7C%7C%7C-Monday-6th-February">FX Technical Outlook - Monday 6th February</a> - <span style="color:#888888">Finance News Network</span><br>
</div>
EUR/USD - A Descending Triangle Pattern Emerges
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=158995:eurusd-a-descending-triangle-pattern-emerges&catid=191:daily-forex-technicals" style="font-size:1.2em">EUR/USD - A Descending Triangle Pattern Emerges</a>
<br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">9 hours ago </span>
<div style="width:80%;">EUR/USD has been testing the patience of traders for the better part of 2-weeks now, chopping around in a 200 pip range between 1.3030 and 1.3230.</div>
</div>
compare the spreads. Itis, however, necessary to check if the spread is fixed orvariable. Variable spreads appear small and attractive when themarket is quiet, but when the market gets busy the forex brokerwidens the spread, meaning that the investor will gain only ifthe market is favorable. Forex brokers are usually tied to large banks or lendinginstitutions. This is because of the huge sums of money tradedin the foreign exchange markets. Forex brokers are required toregister with the Futures Commission Merchant (FCM), and areregulated by the Commodity Futures Trading Commission (CFTC). A new trend among forex brokers is the emergence of online forexbrokers, who offer trading facilities to “retail traders” usingadvanced technology. With these facilities, anyone with acomputer and an Internet connection can trade in the forexmarkets. About the author:Forex Broker Infoprovides detailed information on forex brokers, forex tradingand market makers, and other forex-related topics. Forex BrokerInfo is the sister site of Incorporating inFlorida Web.
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GBP/USD and EUR/GBP levels?
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexlive.com/blog/2012/02/07/gbpusd-and-eurgbp-levels/" style="font-size:1.2em">GBP/USD and EUR/GBP levels?</a>
<br> <span style="color:#888888;">ForexLive (blog)</span> - <span style="white-space:nowrap">9 minutes ago </span>
<div style="width:80%;">By Joe Brown || February 7, 2012 at 11:43 GMT Take a 5 minute survey to help us stay in tune with readers and keep the site fresh.</div>
</div>
Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.bestsyndication.com/?q=20120206_futures_forex_signals_gold_euro_dollar_yen.htm" style="font-size:1.2em">Gold Prices Dropped while Silver was Unchanged ? USD Up vs JPY but Down vs EUR <b>...</b></a>
<br> <span style="color:#888888;">Best Syndication</span> - <span style="white-space:nowrap">39 minutes ago </span>
<div style="width:80%;">(Best Syndication News) Brent crude oil advanced today as tensions between Iran and the United States continued to fester (see forex and commodities charts below).</div>
</div>
Forex Flash: EUR/USD estimated downside to 1.1500 end of 2012 ? UBS
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://community.nasdaq.com/News/2012-02/forex-flash-eurusd-estimated-downside-to-11500-end-of-2012-ubs.aspx?storyid=118984" style="font-size:1.2em">Forex Flash: EUR/USD estimated downside to 1.1500 end of 2012 ? UBS</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">55 minutes ago </span>
<div style="width:80%;">FXstreet.com (Barcelona) - January witnessed the bloc currency surge from sub 1.2650 levels to the 1.3230 region. Better-than-expected key economic indicators in the euro zone, successful bond and T-bill auctions in Germany and peripheral debt markets ...</div>
<a href="http://www.thestreet.com/story/11403437/1/euro-reversal-to-gather-pace-ahead-of-ecb-sterling-holds-tight-range.html">Euro Reversal To Gather Pace Ahead Of ECB, Sterling Holds Tight Range</a> - <span style="color:#888888">TheStreet.com</span><br>
</div>
Greece sells 812 mln euros of T-bills, yield eases
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.reuters.com/article/2012/02/07/greece-tbills-idUSL5E8D724720120207" style="font-size:1.2em">Greece sells 812 mln euros of T-bills, yield eases</a>
<br> <span style="color:#888888;">Reuters</span> - <span style="white-space:nowrap">1 hour ago </span>
<div style="width:80%;">* Yield drops 4 basis points to 4.86 pct * Bid-cover 2.72 vs 2.80 in Jan * Needs to roll over 1.0 bln eur of T-bills Feb 10 ATHENS, Feb 7 (Reuters) - Greece sold 812.5 million euros ($1.06 billion) of six-month T-bills on Tuesday to fund the rollover ...</div>
</div>
Euro Slightly Lower As Greek Debt Talks Linger
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=159050:euro-slightly-lower-as-greek-debt-talks-linger&catid=193:daily-forex-fundamentals" style="font-size:1.2em">Euro Slightly Lower As Greek Debt Talks Linger</a>
<br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">2 hours ago </span>
<div style="width:80%;">In a thinly traded session devoid of key eco releases, attention went to the tribulations surrounding the Greek bail-out package. So some risk-off buying and maybe some short covering following Friday's correction led to modest daily gains.</div>
</div>
The EUR/USD cross rate drifted lower in Asia yesterday
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.fxstreet.com/fundamental/market-view/sunrise-market-commentary-currencies/2012-02-07.html" style="font-size:1.2em">The EUR/USD cross rate drifted lower in Asia yesterday</a>
<br> <span style="color:#888888;">FXstreet.com</span> - <span style="white-space:nowrap">3 hours ago </span>
<div style="width:80%;">by KBC Market Research Desk - KBC Bank | View company's profile On Monday, uncertainty on the outcome of the Greek debt negations provided the perfect excuse for profit taking on the recent risk rally.</div>
<a href="http://www.forexyard.com/en/market-analysis/lack_of_greek_deal_sends_eur_tumbling-2012-02-07">Lack of Greek Deal Sends EUR Tumbling</a> - <span style="color:#888888">Forexyard</span><br>
<a href="http://www.forexpros.com/analysis/greece-talks-extended,-euro-holding-above-1.3000-113275">Greece Talks Extended, Euro Holding Above 1.3000</a> - <span style="color:#888888">Forex Pros</span><br>
</div>
EUR/GBP Forecast February 7, 2012, Technical Analysis
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.fxempire.com/technical/technical-analysis-reports/eurgbp-forecast-february-7-2012-technical-analysis/" style="font-size:1.2em">EUR/GBP Forecast February 7, 2012, Technical Analysis</a>
<br> <span style="color:#888888;">FX Empire</span> - <span style="white-space:nowrap">4 hours ago </span>
<div style="width:80%;">EUR/GBP fell most of Monday as the Euro got sold off. However, later in the day saw the Euro get a bit of a reprieve by the Americans, and this pair rose as a result.</div>
</div>
Ageas Outlines Settlement Impact With Fortis Bank And BNP Paribas - Quick Facts
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.nasdaq.com/article/ageas-outlines-settlement-impact-with-fortis-bank-and-bnp-paribas---quick-facts-20120207-00062" style="font-size:1.2em">Ageas Outlines Settlement Impact With Fortis Bank And BNP Paribas - Quick Facts</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">(RTTNews.com) - International insurance company Ageas (AGESY.PK) Tuesday outlined the impact of the settlement with Fortis Bank and BNP Paribas.</div>
</div>
Daily Report: Aussie Soars after RBA Pause, Euro Soft on Greece
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.actionforex.com/action-insight/market-overview/daily-report:-aussie-soars-after-rba-pause,-euro-soft-on-greece-20120207159008/" style="font-size:1.2em">Daily Report: Aussie Soars after RBA Pause, Euro Soft on Greece</a>
<br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">Aussie jumps sharply today and hit new record high against Euro after RBA unexpected left rates unchanged at 4.25%. The RBA unexpectedly left the cash rate unchanged at 4.25% in February, in contrast with consensus of a rate cut by -25 bps.</div>
<a href="http://www.ibtimes.com/articles/293874/20120206/weekly-summary-usd-eur-gbp-jpy-aud.htm">Weekly Summary on USD, EUR, GBP, JPY, AUD, CAD, MXN and RMB</a> - <span style="color:#888888">International Business Times</span><br>
<a href="http://www.finnewsnetwork.com.au/BrokerCommentry/659/FX-Technical-Outlook-%7C%7C%7C-Monday-6th-February">FX Technical Outlook - Monday 6th February</a> - <span style="color:#888888">Finance News Network</span><br>
</div>
EUR/USD - A Descending Triangle Pattern Emerges
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=158995:eurusd-a-descending-triangle-pattern-emerges&catid=191:daily-forex-technicals" style="font-size:1.2em">EUR/USD - A Descending Triangle Pattern Emerges</a>
<br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">9 hours ago </span>
<div style="width:80%;">EUR/USD has been testing the patience of traders for the better part of 2-weeks now, chopping around in a 200 pip range between 1.3030 and 1.3230.</div>
</div>
Is the simultaneous purchase or sale of one currency against the purchase or sale of another.
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