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Some Talk About Brokers - Part I. Some Talk About Brokers Book
But let’s proceed with the types - they are – Market makers, STP Brokers and ECN brokers:1. Market makers (sometimes they called as Dealing Desk). This is one of the most common types of brokers on the forex market. They are those who are not really brokers but are only “dealers” in fact.
Updated Oct 8, 2023Some Talk About Brokers - Part II. Things to Think About Book
Some brokers could also let you to choose – Dealing Desk or Non Dealing Desk execution – that is what you really want.
Updated Oct 8, 2023Forex Scam - Trading Bots, Signals, and Brokers Book
When price approaches to clients orders, back-alley forex brokers manipulate with quotes so, that those stops can be triggered. In reality there was no such price on the market. This is very easy to do, especially if you recall how quotes are provided by DD brokers.
Updated Oct 8, 2023Why FOREX? - Part II. And what about the stock market? Book
MYTH #9 All FOREX brokers have the same quotes and charts, just like stock brokers. FalseIn fact, on the FOREX market, quotes at the same moment of time can be different with different brokers, but should be close if they are really connected to large banks.
Updated Oct 8, 2023Introduction - Forex Hacking Book - Introduction Book
Unscrupulous brokers make trading even more difficult where the odds surely are not in your favor. New stories about broker fraud appear every day.
Updated Mar 1, 2024Why FOREX? - Part I. Why FOREX? Book
Most FOREX brokers make money only on the Bid/Ask spread and compensate their own expenditures from it. But, to be absolutely honest, sometimes you can meet with brokers that still apply additional fees.
Updated Oct 8, 2023A Bit More About Leverage - Part I. A Bit More About Leverag.. Book
And why then do retail brokers offer 1:500 leverage?
Updated Oct 8, 2023Why FOREX? - Part III. There is quite different story with t.. Book
May be some spot FOREX brokers can offer you more exotic pairs.
Updated Oct 8, 2023How to Identify Forex Scams in 5 Easy Steps - 5 Forex Scams.. Book
I’ve even seen brokers uploading backtests that were not true, claiming 99% accuracy, but when I look at the picture, it said 90%. It seems that even brokers are lying – it’s very sad to see such things.
Updated Nov 1, 2023A Bit More About Leverage - Part II. Overleveraging and Tran.. Book
Brokers provide you with huge leverage, since their money comes from the bid/ask spread and very often your loss also. Hence the more often you trade with big leverage and/or big loses – all the better for them.
Updated Oct 8, 2023