Sunday, March 3, 2013

What does ECN mean with regard to Forex trading?

ecn forex
 on fxopen-ecn
ecn forex image



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Answer
Forex Broker ECN (Electronic Communication Network)
At ECN broker type is the user can jump directly and participate in a real market in which participated also mingled with other participants in the market such as the Bank, Government, Institutions and Individuals Trader where they interact Sell and Buy it simultaneously without any intervention from the broker or dealer (dealing desk). Usually the only brokerage firm to benefit from commissions or mark-ups of spread. At ECN broker type used condition is a condition that occurs in the real market and no artificial. ECN Broker working with buyers and sellers bring significantly (via online, real-time), and not against broker / dealers Buy and Sell in doing it.






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