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P2p forex
P2P Forex is a relatively new form of Forex trading which allows traders to trade directly with each other without the need for a Forex broker. This can be seen as both a good and bad thing, as it allows traders to avoid paying broker fees, but also removes the safety net of a broker in case things go wrong.
P2P Forex platforms work by allowing traders to post bids and offers for a certain currency pair. Once a trade is agreed upon, the money is transferred directly from the trader's account to the other trader's account. This removes the need for a middleman, and means that traders can negotiate directly with each other to get the best possible rates.
P2P Forex platforms are growing in popularity, as they offer a more cost-effective way to trade Forex. They also offer a more personalised service, as traders can negotiate directly with each other to get the best possible rates. However, as there is no broker to provide support in case things go wrong, it is important to do your research before signing up to a P2P Forex platform.
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