Forex Brokers That Accept Bpay Payment Method for Deposit and Withdrawal
Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.
The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.
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Is it true that all brokers are basically market makers?
The majority of forex brokers are hybrids that provide market maker, STP, and ECN conditions all at once. Even if brokers implement the STP/ECN model, their liquidity providers are still market makers.
Thus, it is not wrong to say that all forex brokers are basically "market makers". Therefore, based on this label, we cannot determine a broker's quality.
Continue Reading at Are Market Maker Brokers Always Bad?
How do you know if the broker allow scalping or not?
To detect a forex broker's policy on scalping, look for information on the broker's official website. The freedom of trading with scalping is a feature that is often considered an attraction.sca
Continue Reading at Why Do Brokers Restrict Scalping?
Why do some brokers offer extremely high leverage?
Forex brokers, especially market makers are typically aware that most newbies are inexperienced, and there's a high chance that they're going to misuse the leverage. Thus, they usually offer high leverage to attract new clients.
In other words, many market makers are using high leverage as a part of their marketing offers. They'd invite you to take a lot of risks, knowing that it's not a good move to do especially if you're starting.
Continue Reading at 5 Signs Your Broker Trades Against You
What are the benefits of a fixed spread broker?
The advantages of trading with a fixed spread include:
- Stable spread cost, which allows for more reliable money management strategies.
- Easier calculation of potential profit and loss for each trade, providing a clear estimate of the spread cost.
- Protection from extreme spread widening during periods of high market volatility.
- Enhanced compatibility with trading Expert Advisors (EAs), and automated trading systems.
- Suitable for beginners who may not be comfortable dealing with fluctuating spreads, aiding in the learning of money management techniques.
Continue Reading at ECN vs Fixed Spread, Which Type is Better?
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