David_Warner Posted October 2, 2015 Share Posted October 2, 2015 Individuals may trade the monetary unit of a country, known as currency, for another type of money. Investors and banks usually facilitate this process over the Internet, by using an electronic currency exchange. These electronic exchanges CONNECT BUYERS and sellers of currency. History Originally, economies were based upon barter in which individuals would trade one physical good for another. Before 1917, central banks used gold as a reserve, but inflated money supplies created inflation, with the cost of everyday goods rising. Over time, banks TRADED CURRENCIES among each other, creating modern electronic foreign exchange markets. Forex The FOREIGN EXCHANGE MARKET, or FOREX, helps traders transfer their money from one currency to another. Purpose Financial institutions and businesses use FOREX IN order to convert one currency into another. Businesses located in different countries need the currencies of other nations in order to conduct their business. Trading Financial institutions exchange currency through online transactions. Individuals TRADE CURRENCY through online brokerages. Read more about Forex here -- http://alpari.com Quote Link to comment Share on other sites More sharing options...
john.brave Posted November 25, 2018 Share Posted November 25, 2018 Do you know what broker offers the lowest fees for deposit and withdrawal? 1 Quote Link to comment Share on other sites More sharing options...
pipdmt Posted February 28, 2019 Share Posted February 28, 2019 Do you know what broker offers the lowest fees for deposit and withdrawal? In my opinion, I think the FreshForex ECN account offers very low commissions. Deposits to this account is free, and withdrawals charges are very low! 1 Quote Link to comment Share on other sites More sharing options...
Viran Posted September 14, 2020 Share Posted September 14, 2020 I have never had any problems with the withdrawal of funds on the Amarkets broker and takes a few minutes 1 Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 17, 2020 Share Posted October 17, 2020 Electronic exchange of money is more and more popular now. Here the main thing is to find the reliable exchanger which would allow to work reliably. Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted January 8, 2021 Share Posted January 8, 2021 such options are now, by the way, reliable and fast, the main thing is to make the right choice of a broker Quote Link to comment Share on other sites More sharing options...
Vaabum Posted December 12, 2021 Share Posted December 12, 2021 And who will tell you whether anonymity is preserved? Quote Link to comment Share on other sites More sharing options...
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