Do I HAVE to have a broker to trade online?
March 18th, 2010
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Andy asked:
I know little about online trading or (investing in general), but I want to learn especially about Forex. All I know is “buy low and sell hi” concept which is self-explanatory and common sense in all trading.
I know little about online trading or (investing in general), but I want to learn especially about Forex. All I know is “buy low and sell hi” concept which is self-explanatory and common sense in all trading.
However, do I HAVE to have a broker to trade online? After I learn about Forex trading, can’t I just open an account, do the practice trading for months or even a year, and do the trading myself online? Is this a common practice, or do majority of investors hire a Forex broker to do the trading for them?