Note

History of Retail Forex Trading

Verified Official
· Reading 32

Now that you know a little about forex, you’re probably itching to start your pippin’ adventures.

But before you set off on your journey, you need one more thing… An actual account with a broker!

Of course, we want you to work with a broker that will provide the right services for your individual needs, so we decided to come up with this section to walk you through the right things to consider when choosing!

But first, we’ll begin by revisiting the pages of history to find out how brokers came to life.

Name the best thing that the mighty powers of the Internet have brought us. YouTube, Facebook, Netflix, TikTok, BabyPips.com…Yes, those are all awesome.

Okay, maybe not TikTok.

But what we want to talk about is the greatest gift to forex junkies like you and me: Retail FX trading!

In fact, forex junkies probably wouldn’t exist if not for the birth of online forex brokers.

You see, back in the 90s, it was much more difficult to participate in the retail FX market because of higher transaction costs.

At that time, governments were like strict parents keeping a watchful eye on exchanges, restricting their activities. After a time, the CFTC decided that enough is enough.

They passed a couple of bills, namely the Commodity Exchange Act and the Commodity Futures Modernization Act, and opened the doors for online forex brokers.

Since almost everyone had access to the worldwide web, opening an account with a forex broker was simple and convenient.

Various forex brokers started popping up here and there, eager to take advantage of the booming forex industry.But now that there are many choices out there, it’s a little tougher to distinguish between the good brokers and the evil ones.

We’re not kidding about the evil ones, which are also known as bucket shops, and we’ll delve into that a little later.


History of Retail Forex Trading


#BeginnerTalk#


Reprinted from Babypips, the copyright all reserved by the original author.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

If you like, reward to support.
avatar

Hot

No older comments, be the first to grab the sofa.

CFD markets involves substantial risk and there is always the potential for loss. Past performance is not indicative of future results. You understand and agree that there are risks associated with the use of online trading services ( COPYTRADE、FOLLOWTRADE、FOLLOWGUARD ), including uncontrollable factors such as hardware breakdown, software fault, or Internet disconnections. FOLLOWME does not held any responsibility for the communication failures, miss-transmissions or delays that occur during online trading.

appstore-download goole-download
login