Forex Brokers in Germany
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Forex Brokers in Germany
In Europe, London is well known for being the center of all Forex trading activity. But like many unsubstantiated assumptions, this fact is not entirely true. Advances in technology over the past several years have completely changed the way that the Forex market operates and have allowed for German Forex brokers to turn Frankfurt into a major player on the Forex market. There are several advantages to trading via the German market such as the one-hour extra that you get because the German market opens an hour before London. This extra hour also gives a significant indication as to the direction that the European market will take for the day, before the London market starts to operate.
Retail Forex brokers, commercial companies, hedge funds, investment management firms, authorized banks and the Central Bank are some of the big players in the German Forex market. The Deutsche Bank is responsible for almost 20% of global turnover making it the biggest contributor to the market.
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