But with so many forex brokers flooding the market
If you are keen on investing in Foreign exchange it is advisable to do so through an authorized agent. You should be very cautious while choosing an agent who is also called Forex broker. Regulation authorities have made it mandatory for any agent dealing with foreign exchange to be registered with them. If you engage the services of a forex broker, he automatically becomes your investment partner. You cannot deal with him unless he is a registered broker. But with so many forex brokers flooding the market it is difficult to identify a genuine, honest broker. You must,therefore,exercise discretion when choosing one. He should be able to take care of your portfolio and advise you profitably.
