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Can you believe forex brokers

 Can you believe forex brokers


The market usually suffers from Traders who do not wish to lose access at certain points due to re-pricing may resort to 'market orders', noting that they may also experience price skips in volatile markets. The slide may be positive or negative in terms of its impact on the trader.liquidity during events and important news, and is one of the main reasons for the emergence of re-pricing. In fast-moving markets, a delay in placing a trading order for a few fractions of a second may lead to failure to capture the target entry pricea trading account with him. There are complaints and uncertainties surrounding virtually all online intermediaries. Even the licensed brokerage companies have not received these suspicions in particular After many of them fell under the influence of law enforcement authorities after the discovery of fraudulent practices (for example, the US Commodity . The trading order is executed only after the Forex broker has passed the order to a liquidity provider. Recalculation is therefore a logical consequence of the nature of the correlation relationships that combine different levels of intermediaries and liquidity providers in the foreign exchange market. It is impossible to avoid re-pricing completely, but the broker can minimize its occurrence by using powerful servers and hiring a large number of liquidity providers. Repeated re-pricing, in which a trader is forced to increase the bid price or reduce the asking price, is a logical reason to question the credibility of the broker or at least its efficiencyCommission fined FXCM and completely banned it from working in the United States because of misleading customers). Thus, it can be said that there are logical reasons behind the skepticism of traders in the integrity and credibility of Forex brokers working in the market
The forex broker's trading platform is supposed to be stable most of the time, even during the release of important news. All brokers know that the trading platform is the backbone of their business and thus it makes sense that they are aware that repeating the associated problems will push customers to search for other companies. That is why serious brokers are keen to use powerful servers to handle situations where there is a significant increase in the number of orders, as is the case with some important news. However, it is likely that the platform will face difficulties once or twice during the year Some unexpected events can freeze or disconnect with the server, as with news of exceptional importance. Some novice traders are quick to think that the brokerage firm they deal with is dishonest, which may often contradict the truth. But if the platform is in a state of instability many times during the month