To make it simple, the forex brokers have the role to make the link between the trader and the forex market. Concretely, they are in the form of software that you download on your computer or that you access online. It is with the latter that you spend your trading orders.
At a forex broker you have, in general, the possibility to open a trading account in real money or play money using a demo account. When you trade real money, the broker takes note of your orders and applies them instantly, or nearly so, by investing your money through large international banks. When you give the order to your broker to close your position, you’ll recover at this time your capital will be enriched by profits or depleted by losses and therefore reduced.
By performing some research, you will find at your disposal hundreds of forex brokers on the market. Your choice should depend on your trading level (beginner, intermediate, confirmed) and the quantity of investment that you want to have, compared to the spreads.
Specifically, there are two types of forex broker, the brokers Dealing Desk, «which are» Market Makers «or exchange offices or brokers» No Dealing Desk «, which are the real intermediary between the trader and the interbank market and spend your trades automatically the market. That’s it for the technical part.
For the most general, it is preferable to opt for a broker is registered and licensed with a regulatory authority. In the event of a dispute, you will have much more chances of finding a solution and, therefore, to review your funds.