Private investors or individuals are often referred to as Retail Forex Traders. Retail Forex traders, or speculators, commonly access the off-exchange retail foreign currency market (or Forex market) via a Forex broker. They do not trade in the actual Interbank market itself. Typically this includes specific Forex trading software developed for the Retail Forex Market - such as Meta Trader 4 (a MetaQuotes product) or trading platforms that have been developed in-house for use on the internet.
The brokers act as a bridge between you and their liquidity partner or partners (sometimes larger global banks) that you would otherwise not have sufficient capital to do business with. This can happen in one of several ways. Whilst some Forex Brokers act as market makers, meaning that they create the liquidity and assume some risk, other retail brokers clear trades directly through to the larger banks that provide their liquidity. The latter is referred to as straight through processing.
RISK WARNING: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose more than the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.
Woodside Capital Inc (WCI) was established in 2006 as Gold-4X Inc, with a vision: To provide unmatched online trading solutions to a broad range of traders and investors around the world. We are more than just a brokerage, WCI gives its clients the latest trading technology, flexibility and personal support with our cultivated team of industry professionals. This means 24 hour trade support and streamlined administrative procedures to ensure your needs are met with speed and accuracy.More »
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