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Choosing a Regulated Forex Broker – Why Do You Want a Broker That is Regulated?

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curiousmindmagazine.com

There are various types of currency trading. For instance, in forex brokerages, there are two types of currency pairs – the base currency and the counter currency.

The forex market is divided into two major sections – the interbank market and the over-the-counter market. The over-the-counter market deals with electronic communication networks and banks that trade in foreign currencies.

Traders use electronic means to communicate with one another and determine which currency pairs are the best ones to buy or sell.

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