I am new here. I am interested to know how forex machanism & Forex brokers machanism work. What I am thinking. I am thinking that you open an account by any forex broker and they issue you an account number. You deposit the fund (not in your account but in the broker account). Every forex broker account holder have no access to his/her account. You are trading on your plate form as Live account but I think you trade as dummy account holder. I think that broker collect the money from your account (fromall account holders) and invest futher in Forex or other investment products. Now you are trading and making profilt or loss. If you are loosing, your money belong to Broker. If you are making profit then is the question how this broker firm making progress. How broker will pay? If brokers is not making well profit then they are not able to pay you back. In this case they will try to delay or put some reasons. In Stock market you open an account, this account is your own account. You can withdraws anytime when you want and you can fund anytime because you have an access to you account. Forex software LIVE is working as demo software. What you fund real money goes to the broker account but not in your account. In your account what you see are the numbers. You are playing with numbers. Example: I deposite some EURO to my Dollar account and my dollar account shows me amount of euro but not of Dollars. I send an E-Mail that my account is in Dollar not in Euro. After sendiing my e-mail just after few minuts my account was in Dollar. I thought that it may take further few days or minimum one day that they will send request to Bank. But it is happended with a minuts. So is there some who can tell me how Forex broker accounts are working realy?
I think that when you buy or sell in your software broker is not sending any request to his bank. And also is not possible that one broker account in some bank working well as for every account holder request selling and buying Currecies.
So please if some can tell me how your forex account works? How your requests buying and selling working?
D-Trader
I think that when you buy or sell in your software broker is not sending any request to his bank. And also is not possible that one broker account in some bank working well as for every account holder request selling and buying Currecies.
So please if some can tell me how your forex account works? How your requests buying and selling working?
D-Trader