The foreign exchange market, among these specific requires large sums of money to access it. With the lot for $ 100,000, to the "democratization" of it is barely a decade, few people could handle this market. To treat the foreign exchange market, speculators went through an intermediary who agreed to take orders on such terms as set by the market price. All this took place by phone, and it is this intermediary dealer or broker called FOREX.

Today, if the process of the phone is always possible, away from the cliche of the broker, which through its traders shouting orders, received the phone, the stock market ... ; Everything is computerized. This automation, coupled with the explosion of the Internet,

has allowed foreign exchange market brokers to replace the phone by software called trading platform on which any individual can directly place their orders. The lociciel converse so directly with a central software: that the broker or broker. The broker could be seen as a wholesaler revendrqit retail individuals.

There is a specificity related to foreign exchange markets compared to stock market. On the foreign exchange market, there is no central location that sets the value of a currency pair. Unlike the stock market or for example, Alcatel-Lucent's action is set centrally in the Paris Bourse (Euronext Paris). When you buy a acion Alcatel-Lucent, for example you can go through your bank, which will play in the transaction as a broker, ie as an intermediary between you and Euronext Paris.

On the foreign exchange market, it is likely that your bank can not process the transaction. Since rates are not centralized, they are in reality determined by consensus among a few large banks. Their variation is very common, and these are intermediary companies specialized in the field who will offer you access to the FOREX. The Broker will show you a rate, that it is close to consensus interbank integrates risk management and the share taken by the broker. These dealers are just as Internet exchanges are also companies themselves. These are specialized stock on the exchange market.

There are now a multitude of FX broker, but not all are real markets makers who are barely a dozen in the world. Market makers are brokers internets (FOREX broker) acting as a scholarship. The other brokers on the exchange market, using the services of another under Telemachus first in their respective appliquqnt profits. In the jargon, we call them the White Labels.