. It is a global market where the trading goes on at all the times irrespective of the time, weather and office hours. The people from all the walks of life participate in forex including the forex dedicated institutions and casual individuals.
The Forex Broker
The forex market is a complex thing where millions of traders are trading at every second. The money flows as the people buy and sell certain currencies. The huge volumes of currency are always being traded and it becomes difficult to regulate all that without the involvement of a common platform. This role is played by the forex broker. But remember that this does not make the forex market similar to the equity market. It is not as centralized as equity market is. Also, the control and the regulations are not that well implemented rather existent. But this does not mean that you can trade without a broker. The broker will always exist in the chain.
Forex Software
When you signup with a broker, you will be given access to the server. This access will be established using a forex software program. The server will be connected to the central forex trading system and will help you to trade 24/7 in the real time. This software will not only connect you but will also bring other benefits and necessary features including the price updates, technical charts and other important data. It would also advice you about the profitable trades. If you want to go even further, you can get a high end program which will help you to take the entire control into your own hands. These high end programs are generally called robots. These robots will trade on your behalf once you have set them up. They are a great way to spend lesser time in front of computer but continue making the profitable decisions are the same time.