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Forex brokers who use this system work directly with market liquidity providers. When trading through a no dealing desk, instead of dealing with one liquidity provider, an investor is dealing with numerous providers in order to get the most competitive bid and ask prices. Verily to say that I have been with Trade12 broker for a long time but while trading I face no dealing desk while trading indeed.
There are two kinds of broker in forex market. One is dealing desk and one is non dealing desk. Dealing desk broker execute your request with re-quote and dismissal. That is chafing for a trader. That is the reason I pick a non dealing broker called MaximusFx. it execute my request quick without re-quote and dismissal. Those are most basic thing for my scalping. They additionally are giving me low tight spread, swap and commission free account and some more.
Use the demo account to test and increase your knowledge, and to develop and test your trading strategies. It makes sense that you should be able to consistently profit in a demo account before starting to trade with real money. And try Bprimes demo account. The forex market offers numerous opportunities to practice trading, brokers provide demonstration accounts with all the real time dynamics of trading but with no expense or risk of loss.
With market liquidity providers some Forex brokers use this system in their trading platform. In my trading life I prefer the broker who gives dealing desk free trading platform. Because it is much fluent and smooth trading platform and so do I select Forex4you the real STP executing broker in this field. They give all types of slippage, re-quote and dealing desk free and timely and orderly trade execution support to its traders.
You will probably lose money during this learning process, but if this loss helps you to reach this level of understanding, then you can afford to pay for it financially. Traders must accept the loss in order to earn more in the future. I am trading with TP Global FX. Their intention is to create a library of resources to allow traders to access, place presentations on key topics and essentially add value by providing tools and knowledge.