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Brokers will tell us about ECN and other types of accounts that there is supposedly no conflict of interest. They do not care whether we make money or lose.
And we may never know the truth until we get a job at such a company ourselves, so we can learn some of these secrets.
What secrets do you want to know? Are your deals on the market or not? No, they are not and never will be, no matter what type of account you use, be it ECN or segregated accounts. You trade in the broker's personal account, not in the current account. You do not know the difference between a current and a personal account.
Is it again the moans of those who want their agromoney trades as much as $100 "taken to the interbank" ???
I wonder if it is the moans of those who want their agromoney trades to be placed on the interbank market for as much as $100?
Probably knowing that the transaction was posted to the Interbank, it helps to trade profitably :)
Forex is the international interbank market. Transactions are made through a system of institutions: central banks, commercial banks, investment banks, brokers and dealers, pension funds, insurance companies, multinational corporations, etc. The volume of one transaction with a real delivery of currency on the second business day (spot market) is usually about $5 million or its equivalent. The cost of one conversion payment ranges from $60 to $300. In addition, you will have to bear the cost of up to 6 thousand dollars a month for the interbank information and tradingterminal. Because of these conditions there is no direct conversion of small amounts in the Forex market. For this purpose it is cheaper to ask financial intermediaries (bank or currency broker), who will do the conversion for a certain percentage of the transaction. With a big number of clients and differently directed orders intermediaries are in a situation of internal clearing (broker's "kitchen"), because of what not always need to make a real conversion through Forex. But they always get their commissions from clients. Just because forex does not receive all client orders intermediaries are able to offer clients commission that is substantially lower than the cost of direct transactions on forex. At the same time if intermediaries are eliminated conversion costs will inevitably increase for the end client.
Marginal operations can lead (but not necessarily result) in real additional demand or supply on currency market, especially on short-term period. But they do not form an overall trend in exchange rates
I guess knowing that the deal is floated on the interbank helps to trade on the plus side :)
Forex is an international interbank market. Transactions are made through a system of institutions: central banks, commercial banks, investment banks, brokers and dealers, pension funds, insurance companies, multinational corporations, etc. The volume of one transaction with a real delivery of currency on the second business day (spot market) is usually about $5 million or its equivalent. The cost of one conversion payment ranges from $60 to $300. In addition, you will have to bear the cost of up to 6 thousand dollars a month for the interbank information and tradingterminal. Because of these conditions there are no direct conversions of small amounts in the Forex market. For this purpose it is cheaper to ask financial intermediaries (bank or currency broker), who will do the conversion for a certain percentage of the transaction. With a big number of clients and differently directed orders intermediaries are in a situation of internal clearing (broker's "kitchen"), because of what not always need to make a real conversion through Forex. But they always get their commissions from clients. Just because forex does not receive all client orders intermediaries are able to offer clients commission that is substantially lower than the cost of direct transactions on forex. At the same time if intermediaries are eliminated conversion costs will inevitably increase for the end client.
Marginal operations can lead (but not necessarily result) in real additional demand or supply on currency market, especially on short-term period. But they do not form an overall trend in exchange rates
Well done!
Not mine, but it's really clear.
What is there to understand? In my opinion, this is another delusion.
What is there to understand? In my opinion, this is another delusion.
What is there to understand? In my opinion, it's another delusion.
Ooh, Alyoshka's here.
So tell me, Alexei - what's the delusion here? cut the uterus.![](https://c.mql5.com/3/94/kpopcorn.gif)
Before finding out how Fores works, I would like to know what it is all about. Where is it located, who are the owners, the founders. Who gets paid these 6,000 quid at all(Apart from that, you will have to bear the cost of up to 6,000 dollars a month for an interbank information and tradingterminal).
From reading wikipidea, one gets the impression theimpressionthat Forexas a separate market exists only in Russia.
Where do the quotes come from? - They are just commodity-quoted prices of relevant futures.