being a successful and profitable trader, you need to pick an ECN Forex broker that is safe, and best fits your needs. You should consider whether you can afford to take the high risk of losing your money. On the other side, Forex ECN brokers deliver their clients orders to the liquidity providers for execution. STP stands for Straight-Through Processing. At the opposite, market makers brokers (Non-ECN) take the other side of the trade themselves, creating a conflict of interest with their clients. In the world of Forex trading, as well as in the world in general, you really do get what you pay for.
You will find many people talking about STP and ECN brokers as if they are one and the same. The link is possible because of some very sophisticated technology known as FIX Protocol (Financial Exchange Protocol). 256-bit SSL encryption is the kind of ballpark figure you should be looking for. ECN brokers charge commissions but total fees for a online data jobs from home trade tend to be smaller than it is with a standard Forex account. The best ECN broker may cost a little more than the average Joe, but will typically offer a much higher level of service and include a number of useful extras such as research and market analysis, training materials, customer service and support 24 hours.
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