Question
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Is it possible to trade forex without a broker?
10 Answers
<p id="isPasted">Trading forex can be challenging if you do not have the skills or experience to understand the market. This is the reason most people who get into forex trading use the services of a broker. </p><p>The biggest advantage of trading without a broker is not paying any commission. Brokers take a cut of your profits for their services. So, if you trade without a broker, everything you make will land in your account.</p><p>Trading without a broker also comes with some disadvantages, with the biggest one being that you lose leverage. A broker ensures that our money is not being …</p>
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<p>It is possible to trade Forex without broker. As some was already said if you have enough money you can go directly to bank and ask them to allow you trading on interbank market.</p>
10 Views
<p>Large banks can give you access but they will not waste time if you are small player. If you a big player they will charge you enough for entering and then you can trade directly.<br></p>
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<p>Brokers act as an intermediary between buyers and sellers, or traders, and the forex market itself. Individuals are not permitted to carry out currency transactions on their own. All trades must be registered with a forex broker.</p>
8 Views
<p><br>As you are just a beginner I would recommend you to start your journey with a good forex broker. In the initial phase, your focus should be on learning and developing new strategies and not on the funds that you will need to collect if you want to do trading alone. Forex brokers not only provide you with a platform but a good broker will always be there for you if you face any difficulty which just makes all the process smooth. Moreover having a forex broker will also add the benefits of leverage that you can use to increase …</p>
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