Foreign Exchange Dealers Comments Off
A Forex dealer provides online trading services to allow individuals to speculate on rapidly changing Foreign Exchange Rates. Forex Dealer Members (FDMs) are regulated by the CFTC and National Futures Association in the United States, as well as by national and local regulatory bodies where they conduct business, and are held to stringent business and ethical standards.
The main category of Forex
According to the service, the forex trader may divided in:
1. Spot Exchange Transactions Trader. They mainly engaged in several similar kinds of forex, such as USD/JPY, USD/EUR. They may carry on the congenial transaction and the broker buy and sell. They carry on the work racing against time, generally only opens the quota during the day of the cash, or establish the overnight cash.
2. forward business trader. They are mainly interested to the different currency’s spread.
3.The money market transaction. He may carry on the domestic and foreign currency transaction, through the bidirectional quoted price, from borrows the cheap money to lend out in the urious interest currency to realize the profit.
4. the derivation tool transaction, is mainly engaged in each kind of derivation tool’s transaction.
5. the company traders, is bank public relations representative in a sense, carries on the forex according to the customer hundred million Yuan, between the relation company and the bank fund supply and demand, simultaneously also provides to the information, the opinion gives the customer.