What is Forex Broker?
A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies.
What Is The Best Forex Broker In Uganda
Fusion Markets
Capital.com
IC Markets
Global Prime
Pepperstone
Vintage
Axi
VT Markets
MultiBank
TMGM
How do forex brokers get their money?
In return for executing buy or sell orders, the forex broker will charge a commission per trade or a spread.
That is how forex brokers make their money. A spread is a difference between the bid price and the asking price for the trade.
How to make money in forex trading in Uganda?
Step 1: Choose a Forex Broker.
Step 2: Open a Trading Account.
Step 3: Fund Your Account.
Step 4: Download a Trading Platform.
Step 5: Analyze the Market.
Step 6: Place a Trade.
Step 7: Monitor Your Trades.
How do brokers pay forex traders?
Brokers pay the overnight swaps to the trader if the difference between the interest rates in a currency pair is positive in the trader’s position and get paid from the trader’s account if that difference is negative.