What differences between dealer and trader?
I have read that the " Bid" is the price in which the dealer is willing to buy the base currency in exchange for the quote currency. This means the bid is the price at which you (as the trader) will sell.
And when I searched for more definition about both( dealer and trader) I found this definitions
Dealer is
"An individual or entity that acts as a principal and stands ready to buy and sell for its own account. More generally, a dealer sells products and holds inventory"
Trader is
"One who buys and sells goods, services, or securities."
The source of definition is http://www.fxwords.com
I still see no differences between both. can any one give more differences please?
There is also another side for these definitions which is " the differences between forex trading and forex dealing".
Thanks
Lily
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