Course: Forex Trading
Lesson Insights
It is important for traders to understand the role of their forex broker, as it can impact their trading experience. For example, MarketMmaker forex brokers act as the counterparty to their clients' trades, while ECN (Electronic Communication Network) brokers pass trades directly to the interbank market. Forex brokers may also differ in the services they offer, such as research, education, and customer support. Moreover, different forex brokers may have different policies for handling order execution, slippage, and requotes.
Traders should carefully research and compare different forex brokers before choosing one, to ensure they find the best fit for their needs and goals. These broker types and their operations are shown in this lesson.
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Demystify the world of trading with our Trading Terminology Shorts category. We bring you concise definitions and relatable analogies to help you understand the ins and outs of stock market trading, making your educational journey even more enjoyable and rewarding.
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