Wednesday, 9 May 2012

Which Type of Broker Should I Choose? Part 2

Next We have See Below.

No Dealing Desk (STP)

Most have variable spreads
Simply a bridge between client and liquidity provider
Prices come from liquidity providers
Automatic execution, no re-quotes
And Finaly We Have See Below:

No Dealing Desk (STP+ECN)

Variable spreads or commission fees
A bridge between client and liquidity provider and other participants
Prices come from liquidity providers and other ECN particpants
Automatic, no re-quotes
Displays the Depth of Market (DOM) or liquidity information

Remeber Do Research into the type of Broker you want to use -While you are Learning to Trade on a Demo Account-VERY Important NEVER LIVE Trade Before Doing this.

Read more: About Broker's @ BabyPips.com

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