Friday, June 14, 2013  3 Types of Forex Brokers  The safest way
to trade forex, particularly if you're a beginner, is to trade
through a broker. Before you start jumping into trading and
examining broker reviews, you should consider which type of
broker you'd prefer to use. The three main types of brokers
include market maker (dealing desk), no dealing desk and
electronic communications network (ECN). There are pros and cons
to working with each type of broker, and it’s important to do a
thorough evaluation before selecting your broker.  (1) Market
Maker (Dealing Desk) Brokers  A market maker or dealing desk
broker creates a mini forex market for you as a client. For
example, if you place an order to buy Japanese yen, then a
market maker can take your buy order and group it with multiple
other buy orders from among his or her clients. Your order can
be forwarded to the banks, or your brokerage can keep your order
if it thinks that the price of the yen is going down and it can
profit from your trade. In that c