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You can reach Jude Ezeugwu through the following medium and I'll get back to you within 24 hours -
Email: forexcoach@goodforextrading.com
WhatsApp: +234 - 813 588 3643
WHY YOU SHOULD NOT CHOOSE A FOREX BROKER WITHOUT KNOWING THIS:
Some novice traders just go ahead to pick any broker or trading platform of their choice without the knowledge of an ECN or Regulated forex broker; get to know what this means:
An ECN broker operates under multi-tier forex regulatory bodies that ensures it's transparency. It acts as an intermediary which uses 'electronic communications networks' to match trades between it's clients and other participants in the equity and currency markets.
An ECN broker should be the right choice of any trader for the following reasons:
- They offer tight spreads (bid/ask price) to their clients.
- They don't take the opposite trade to that of their clients, i.e. they don't trade against their clients
On the other hand, a non ECN broker, besides not being well regulated, can take the opposite trade of their clients. what it means is that they make more money when a trader is losing, and some of them can as well manipulate the trade to their advantage. So don't fall into the pit of just choosing any broker; try to do your due diligence before selecting a forex broker.
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