bank foreign exchange rates
The broker must run a very powerful computer network with high speed connections and maintain a good relationship with several liquidity providers in order to be part of a good ECN with low spreads and fast execution. In addition to that, the broker's markup or commission is only a part of the total spread because the liquidity provider has its own spreads. If a trader loses all his money by paying spreads assuming he doesn't win or lose a single pip during his trading sessions until he goes bust, a market maker would take all the trader's money. In contrast, a STP broker will win only a part of it, while the liquidity providers will earn the rest. While Hot Forex offers many account types to cater to all type of investors, we recommend the VIP account for large investors. The VIP account is directly connected to their network of liquidity providers and allows you to trade directly on the interbank market.
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Since a trader is first of all a human being, emotions can interfere during the trading.
currency conversion calculator
Unlike foreign exchange shops, where you can buy Euros with Dollars and then spend the Euros elsewhere, when you buy Euros with Dollars from your forex broker you have only one way to spend your Euros: you can buy back dollars from the broker closing your position.
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bank foreign exchange rates