HOW TO SELECT THE BEST DEALING FIRM FOR OPTIMAL TRADING PERFORMANCE - Part Two

 Dealing practices takes into consideration numerous variables like Price feed, Trade Execution, Customer Service, Banking Relationship, Net Capital, Platform and Order Type.

 All brokers differ when it comes to execution. So, make sure the execution and dealing practices of the broker match your trading style. Make a list of exactly what you need to accomplish and look for a forex dealing firm (broker) that will most closely match your requirements.

A good introducing broker that works with multiple platforms is a good resource to use. Price feed can work for you and against you depending on your trading style. Some firms will quote a low spread but will be always off market by 1-2 pips. This is a market making strategy they use.

When it comes to dealing practices the STP or ECN models are the best in my opinion. Bigger firms that have been around longer are also better to use than smaller shops.

 You should also look for firms that have solid liquidity providers to hedge trades with and firms with a good price feed.



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