Everybody is in business to make money, including the brokers.
There are basically two types of mediators.
Dealing desk and non dealing desk.
An important fact to know when is the trade, in a dealing desk, there are very few win-win situation.
So called top forex brokers may even be trading against you.
Now the question arises, how can not find the original broker desk? Simply.
Go find ECN brokers.
Although it seems simple, there are some considerations that surrounds them.
e.
ECN environment may not be offered with smaller accounts such as 'micro' or even with 'standard' accounts below a certain deposit margin.
So if you want a true ECN broker, low minimum deposits may not be option-.
It's also true that some brokers not only may trade against you, but also send fake spikes and dips in rates to terminate your open profitable trades.
This is a dirty tactic will benefit from some so-called \"best Forex Broker \" to the innocent unsuspecting newbies.
Forex is the most dynamic financial market in the world.
It is so dynamic that it approve any central control, the rates and Tick Data.
While this very phenomena has been the back bone of forex, some brokers misuse it against their clients to manipulate market conditions and trends, simply because the average trader cannot verify the authenticity of the chart data provided by the broker.
Do you remember yours is the best forex brokers on the market? Results in real time demo accounts and live in identical accounts of the broker itself can vary greatly.
I personally did not want to know why.
But how much control an agent has more merchants think accounts.
Another simple experiment is that you cannot simply trade using charts and data from a different broker, unless they are genuinely non dealing desk or ECN brokers.
Whether you are an experienced trader or just starting your career, Forex, a thorough research as the top forex brokers and their authenticity must be operated on the cards.
Find out the important characteristics of best forex brokers.
The most important forex trading strategy, it is not, but a balance between all components involved in trading decisions.
Even if you do have a holy grail of a system, it may be useless if you don't have best forex broker to go along with it.
0 Responses: Best Forex Broker Research Select, A Guide to Best Forex Brokers.
Post a Comment