Quest For The Best Forex Broker
Let's face the reality. Everybody is running a business to generate income, such as the brokers. You can find mainly top forex brokers two types of brokers. Dealing desk and non dealing desk. An important fact to learn once you trade is, in a dealing desk environment there are almost no win-win situation. So called top forex brokers could even be trading against you.
Now the question arises, how to find genuine non dealing desk brokers? Simple. Go find ECN brokers. Though it sounds simple, there are few considerations surrounding it too. e.g. ECN environment might not be offered with smaller accounts such as for example'micro'as well as with'standard'accounts below a particular deposit margin. So if you will want real ECN broker, low minimum deposits might not be an option.
It is also true that some brokers not merely may trade against you, but also send fake spikes and dips in rates to terminate your open profitable trades. This can be a dirty tactic utilized by few so called "best forex brokers" in order to capitalize on the unsuspecting novice traders'innocence.
Forex is the most dynamic financial market in the world. Its so dynamic there are no central regulating body to endorse rates and tick data. While this very phenomena has been the back bone of forex, some brokers misuse it against their clients to govern market conditions and trends, simply because the typical trader cannot verify the authenticity of the chart data supplied by the broker. Do you still think yours is the best forex broker on the market?
Real time results in identical demo accounts and live accounts of the same broker may highly differ. I personally didn't need to know why. But consider just how much control a broker has over traders'accounts. Another simple experiment is that you can't simply trade using charts and data from an alternative broker, unless they are genuinely non dealing desk or ECN brokers. If you are veteran trader or simply starting your forex career, an intensive research about how top forex brokers operate and their genuineness are on the cards.
Learn the important characteristics of best forex brokers. The most crucial section of trading forex isn't the trading strategy but a balance between all components involved with trading decisions. Even although you do have a ultimate goal of a method, it might be useless if there isn't best forex broker to go with it.
So its better to master the reality about so called top forex brokers [http://www.toughride.com/] now, rather than later.
