In recession time, forex is the only market that serves as a twig for a drowning world economy, so is the case with you when you struggle with your financial situations and want to find a true ECN broker.
So, now is the time. Read on how to.
What is an ECN Broker?
The word ECN stands for Electronic Communications Network. It helps facilitate different marketplaces where organisations or people from all over the world gather to offer and bid against each other to provide small spreads.
It is usually better to choose an ECN broker because they never trade against you like Market Makers. Their main revenue stream is "commission" so they never care if your trades lose or win.
On the other hand, there are several brokers who claim to be an ECN broker to entice people. This is actually a serious root cause of problems, and you as a trader should take proper steps in identifying them.
How Can You Identify A Reliable ECN Broker?
I've found a few terms that I want to share with you as quite often first-time traders get baffled by these:
•ECN by Association
All these are usually used interchangeably by Forex traders and brokers, but if you know their meanings, your life will become a lot easier.
True ECN Brokers
These are actually the best ecn brokers that offer a trustworthy platform where organisations, banks, and traders can easily compete against each other by sending offers and bids. Forex traders can get the best offer for their orders at the particular time.
ECN by Association
Most of these brokers develop a link between real marketplaces, traders and True ECN brokers. A majority of these brokers have their own platforms and can operate the trades if they want.
These types of brokers are simply scammers, frauds who run off with your money. I have just one word for you if you are dealing with them and that's "good luck."
The Signs of The True Ones
The majority of traders usually naive and new ones never study the broker agreement that shows if your broker is working under ECN by association or a True ECN. It is obligatory for all regulated ECN brokers to disclose their agreement and details to their clients. True ECN brokers may have adaptable spreads. You may feel very bad to know that if ECN broker claims to offer a fixed spread, then it is not a True ECN broker.
Check your order chart and forex brokers chart. Is there any difference in bid prices? If there's no difference then bingo, you are with a True ECN broker.
If the broker is providing you with only unfavourable slippages, then it is not a True ECN broker. Slippage is usually a standard occurrence, and that is pretty normal in any True ECN marketplace.
School trips have always proved to be a good thing for both learners and their tutors. They help to excite students by acting as a type of recess. A school trip means that students get to take a break from the monotony of having to sit in class all day. They also provide a break from the everyday routine of having to shuffle from class to another and having to listen to school bells.
Reasons to Consider Taking an Educational School Trip
A school trip is a chance for the learners to act like tourists, even if it is only for a few hours. It is also a chance to visit new places and take in new sights. The following are additional advantages that come with taking educational school trips:
Makes It Easier to Understand the Knowledge Passed On in Class
For students who have already proved that they are active learners, an educational trip helps bring the lessons learned in the classroom to life. The trip makes the lessons easier to understand and more tangible. Even students who do not like reading will usually enjoy taking part in the activities associated with the school trip.
Opportunity to Explore New Concepts
Being out in the field also makes it easier for learners to connect with what is happening in the world. This touch of reality can make it possible for them to remember some of the concepts that they learned in class. For instance, a trip to a science museum or historical site provides the learners with a learning opportunity to explore new concepts. A trip to the orchestra, art museum, or theater will expose the learners to cultural experiences that they may not have grasped in a class setting. It is also a chance to appreciate and learn about different cultures beyond what they already know. Therefore, they not only get a chance to understand what they have learned, but they also get to boost their scope of knowledge and imagination.
Chance to Meet New People
Students out on a school trip will also get an opportunity to practice their social skills and interact with new people. They also get to make new connections with people that they may not have interacted with had they not left their school. Sharing new experiences also helps provide a strong bond and friendship between the learners. They can retell their experiences in future instances helping re-live some of their best moments together. Read more
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