Forex Game Nation

Market makers customarily offer you their own costs, based mostly on the price that they are expecting to get on the ECN. When you open a deal they have to match it in the ECN to cover their risk. Clearly here there is room for the price to change in the instant between you clicking the button and the deal going on to the ECN. This is slippage. It can mean that you don’t get the price that you predict, which can be a problem, especially for scalpers who are often hunting for very small profits from each trade. For this reason scalpers and market makers are not a good mix and might be unwelcome.

On the positive side, market makers could be a good choice for a beginner. They can sometimes provide good technical research, reports alerts, a user friendly platform and a demo account. They will always offer a mini forex trading account so that you can start trading with about a hundred greenbacks or less. This is a very important factor for many new traders selecting forex brokers.