Can You Trade The Forex Without A Broker?

There is a myth making the rounds in the Forex universe. This rumor
that's whispered and spread from keyboard to keyboard over cyberspace
states that in order to take part in Forex trading, you must have a
broker. A rumor is all this is because there's no truth in the must
part of the rumor . If want to find out how to trade on your own and
to avoid the pressure of dealing with a broker, than this might be the
most important article you read this year. .

Even if you don't have the first clue about how Forex trading is done,
and you've never done it, you still don't have to have a broker if you
don't want one . Can you gain from having a Forex broker in your
corner? Yes and no. It depends on whether or not your Forex broker is
smart about trading and whether or not he's going to be smart about
trading for you . Some Forex brokers look at those who want to partake
of trading currencies as another zero on their own paycheck and they
will actually work against you in a practice known as sniping .

Sniping is a process a dishonest broker will use to cheat you out of
your profits. Unfortunately, there is nothing you can do to protect
yourself from a broker hell bent on snipping your profits. Not all
Forex brokers are bad. There are brokers out there that are in the
business to help those interested in trading Forex. . These are
professionals in the trading world who value both their customers and
their own reputations.

They would no more think of cheating you than they would themselves.
Most Forex brokers are legitimate in the trading world but it's the
actions of a few bad apples that tend to spoil the bushel. You can
learn about Forex trading and you can trade without going through a
broker if you're afraid you might encounter one who isn't what he
claims to be. But on the other hand, an honest broker brings to the
table his expertise with the Forex.

While Forex trading with a broker has the advantage of using his
expertise to aid you in making trades, sometimes this leads to a
tendency on the part of the trader to ignore getting a Forex knowledge
on his own. If you're not knowledgeable about Forex trading, then you
won't know if the moves your broker are making are for your good or
his.