Forex, foreign currency exchange market is the largest financial market in the world, it is an international market. Forex is dealing with millions of dollars daily and the continuous change of currency conversion rate is the primary factor of the currency exchange trading market. To learn more information about foreign currency you may check here https://www.xchangeofamerica.com/home.
The trading is done between financial institutions, banks, and authorities and it wasn't available to the public for a long time period, it's only a trade involving high-level institutions. Afterward, Forex was introduced to the general public.
As an Individual, you can't trade directly in this market; you can only participate through foreign currency exchange broker or banks as they would be the smallest part of the business.
With a foreign currency exchange agent means you get the most from your foreign exchange trade and the benefits are:
You get the best foreign currency exchange rates which can be obtained
You get the much better deal on foreign exchange than you would with any lender
You're not billed for a high commission fee and there are no other fees
The foreign exchange agent will help protect you from adverse exchange rate movements
It'll guarantee you the quickest available global payments
What does precisely forex trading broker do?
First, you want to understand 1 thing which divides a foreign currency exchange agent from buyers and seller; they act as a mediator or connection between sellers and buyers and they're not the ones which have the currencies. They're not the person who converts values and they aren't the ones responsible for maintaining it as well.