This is a common method of determining whether a DC is changing quotes in its favor for the sake of dishonest profit. Fraudulent companies do not live long, because they quickly become known. And although the risk of encountering such brazen fraud is small, it never hurts to be careful with an unfamiliar broker.
Most transactions do not go beyond
The DC – as we have already said, they are mutually satisfied within the company, and only that part of the requests that cannot be satisfied within the DC are summed up and brought to the external market. This is the ideal option.
But it happens that for one reason or another the broker acts as the second party to the transaction. This leads to a conflict of interests: the trader’s profit is the Forex broker’s loss, and vice versa, the trader’s loss is the broker’s profit. At this point, dishonest actions on the part of the DC are possible.
Such brokers are easy to track and avoid. In fact, finding an honest broker is easy: you just need to pay attention to their reputation.
A huge number of independent
Forums and blogs exchange europe cell phone number list rates will introduce you to ratings and user reviews of existing DCs. High competition between them makes them value their reputation so as not to lose all their clients.
It is worth saying a few words about another type of fraud that a beginner risks encountering – charlatan “robots that earn 200% per month on Forex”, programs that predict the market with 99.99% probability, etc. The list can go on and on.
There are simply no such people! So choose carefully who to trust.
From preparation to the first deal!
So, we already exchange rates know the core of Forex. We can start trading, but we still have to learn how to earn money.
While studying the entire how long does it take to see results from seo? theoretical base, you will need to use the trading terminal, trying everything “on your own skin”. If you have not yet installed such software, it is high time adb directory to do so. All new knowledge will be absorbed faster and better if you try it in practice while reading the manual.