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Where to Open an ECN Account
ECN stands for Electronic Communication Network, and is a system of dealing in the forex market where brokers obtain prices from several liquidity providers. This price data (market data) is provided to traders without any interference, while forwarding all orders placed by buyers and sellers to the liquidity providers for execution. Under the ECN arrangement, […]
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Forex platforms provide traders with the access that they require to participate in the purchase and sale of currencies in the market. They are an advancement of the telephone trades of yesteryear where traders had to call brokers on the phone to place trades, with no control over the price at which a currency was bought and […]
Read Some MoreUnderstanding Price Behaviour in the Forex Market – 1
This article is written to give retail traders who are new to the market an understanding of some of the issues involved in the pricing of currencies in the forex market. At the end of this article, you should be able to answer the following questions: a) How are price quotes on a forex trading […]
Read Some MoreUnderstanding Price Behavior in the Forex Market – 2
In the first part of this article, we answered two of the six questions presented around the pricing of currencies in the forex market. Now we know how the price quotes displayed on the forex trading platforms are derived. We have also been able to determine that the liquidity providers (banks) set prices in an […]
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