ECN stands
for Electronic Communication Network which is a self-running system to match
the buying and selling orders for securities. The main purpose of ECN is to
connect the individual traders with your major brokers so that they call
traders having forex demo accounts
independently and directly between them without the need of a middleman. The
most important role which is played by ECN is that they allow traders and
brokers from across the world to communicate and trade with other quickly and
easily. It connects the traders with the
banks, brokerages and other traders around the world which provides high
liquidity to the traders. The worldwide communication helps this platform to
come up with the best bids and asks prices that are available in the market.
The direct communication between the broker and trader allows the trader to
ensure that they are dealing with any kind of risks. Here are some of the
advantages of having an ECN account
forex.
- On ECN account forex there's a high anonymity and a very low risk of spreads of
your currency even when there is a high market volatility. Anonymity in the
market allows the traders to get benefited from the neutral pricing. This
platform ensures that real-time market conditions are reflected in the
business. There is no biased behavior against any forex demo, ECN treated all its traders equally not judging the
traders on the basis of their tactics, current market positions and strategies.
No comments:
Post a Comment