Is a forex platform without a dealing desk good?

Experience has taught me that problems can occur with any platform, but in general, losses are never caused by problems with the platform, and now mainstream platforms will compensate customers for their own technical problems, as long as you provide conclusive evidence. There is a dealer model referred to as DD, which also becomes a MM model market maker, and a non-dealing desk model is divided into STP mode and ECN mode. A few thousand dollars choose MM, tens of thousands of dollars choose STP, and hundreds of thousands of dollars choose ECN trading.

It's so simple that you don't have to think too much about it at all. If the technique is good, it is easier for a small account to gain a spread advantage on the betting platform, because your opponents are those traders who lose 95% of their money. If you are controlled by the backend, you can change to a premium account or change platforms.

The most well-known and high-profile no-dealing desk model is FXCM, but did you know that FXCM almost lost more than $200 million for its own brand? And most gambling platforms do not encounter this situation at all. Let me tell you the difference.

The biggest difference between the non-dealing desk and the trader mode is who is the banker.

In fact, large platforms like FXCM have also begun to have a gambling mode, commonly known as a trader mode. It started in 2015, so we novices don't understand the difference at all. To open an account, ask if mine is truly a non-dealing desk model. It's not the UK version of the account.

The difference between the vernacular is that there are no traders who are fair and just, and orders are thrown to major international bank markets for free transactions, and the profit and loss platform does not care about you at all. If it's a betting model, then the platform loses money when you make money, and vice versa, do you think the platform wants you to make more money or doesn't want you to make money.

In fact, a major is a major, and you can also ask about the basic knowledge if you don't understand. Simulation is important.

There are pros and cons to everything.

Many novices feel that trading is very easy, not just buy and sell, the money will be in hand, not to mention 10% profit, it may be very normal to earn 200% or 300% in an instant. If you still think so, I advise you to look down.

Trading is not as simple as you think.

First things first: trading rules.

200x leverage, long and short trading, 5x24 hours uninterrupted**. As long as you want to trade the market, there is no shortage of opportunities. Many trading instruments have huge volatility; It is a well-known dangerous commodity.

Secondly: trading is anti-human, and trading behavior is difficult to control.

People's hearts are more dangerous than the market. This question really doesn't need to be said too deliberately, because people who haven't experienced failure in trading can't understand it. And because human nature is uncontrollable, people who miss and do wrong** will understand if they don't say it.

In trading, your real opponent is not the market, not **, in fact, it is yourself.

Again: the inertia of trading.

I've been a full-time trader over the years, and I've seen a lot of traders who have been trading for years but have been losing money steadily for the same reason.

A trader next to him still can't do a strict stop loss after 7 years. Every time you can think of a stop loss point before entering the market, and even hang a stop loss order, but when the stop loss price is approaching, the stop loss order will be manually withdrawn; After that, there will be a margin call. In many cases, this is the right way to cover the margin.

But as long as there is a unilateral ** overnight, return to the pre-liberation period.

Another friend trades frequently, and his stop loss is very strict, but he is constantly looking for direction at a small level. The stop loss is set very small, at the minute level, but it is an extravagant hope to hold the trend at the daily level. It's not that this can't be, but the success rate is too low, and after frequent stop losses, the trading psychology changes and enters the state of frequent trading.

Don't these people know their own problems? When you don't hold a position, you know that once you can't control your own hands, the more you lose, the more you lose.

The more wrong you are, the more you do it, the more you do it, the more wrong you are; Vicious circle.

Having been trading full-time for 10 years, I know that the ultimate source of losses in the market is greed. Many people feel that the market is 200 times leverage, and they want to double in the market at every turn, and they are greedy. Many people don't want to stop the loss, are reluctant to stop the loss, and are greedy.

Many people stay in the market every day and trade frequently, greedy. Many people have unrealistic hopes of being small and greedy.

Trading is not a test of whether you are an extremely intelligent and capable learner, but a test of your control of your own desires. Learning trading techniques can be done with the time it takes, but if you are someone who can't control your desires, it is recommended that you consider it carefully.

In the eyes of laymen, foreign exchange only sees high returns, but those who have actually traded know that the risk is greater, and it is not recommended for ordinary people to do it.

Because the forex industry is the rule of 28, 20% of people make 80% of the money in the market, and if you come, then he will not make less money.

Regular traders are certainly not. (You don't need to read the answer below, you are fooling your rights in disguise, I hope you don't have a second harvest of leeks, a little conscience.) ）

Generally speaking, if it is a formal asset management company recruitment, you must have at least three years of real account, in addition, it also depends on the volume of your funds, large funds and small funds are not a game at all, and you will also be asked a lot of questions about the type of trading ideas (such as the understanding of risks, mentality control, etc.) Of course, there are also some companies that will ask you for nearly half a year's trading records (after all, ** is uncontrollable, ever-changing, and history does not mean anything, otherwise why would Dennis blow up?) ）

In addition, the informal ones will generally pull you to the interview in the form of recruitment, and then fool you to open an account, in fact, they are some local bosses to open the internal plate, you can't make a profit, even if the technology is good, the moment of deposit, it is basically a fish on the chopping board, unlikely, so you can see that there are recruits on the recruitment all the year round, and there is a high probability that the form of recruitment is fooling people, and this kind of try not to consider.

Method 1: Whether to allow super ** transactions. That is, whether scalping, speculation or EA trading are allowed.

If a dealer explicitly prohibits or restricts these trading methods, then the transaction is determined to be a market maker. There are no dealing desk platforms that do not have any restrictions on trading. But it doesn't mean that allowing super ** trading is necessarily a non-dealing desk.

Because some market makers also publicly declare that they do not have any restrictions on trading. Therefore, this method can determine whether a broker is a market maker, but it cannot determine whether a broker is a non-dealing desk platform. Some friends did not understand the dealer's policy on super ** trading in detail before opening an account, and as a result, the dealer closed the account because he closed a transaction too quickly, and this kind of thing is usually useless to complain, and can only blame himself for not doing enough homework when opening an account.

Method 2: Whether there is a re-** situation. As mentioned above, for customers with strong profitability, market makers will avoid betting with them, so they must transfer the order to the market to hedge with real liquidity, that is, inquiry trading (DD).

However, due to the limited market depth of the market maker and the delay in the time of the inquiry transaction, when the customer's order is taken to the market to digest, it is found that the ** has changed, and if the transaction is made at this time, the market maker will have to endure the loss caused by the ** difference. This kind of loss is obviously unwilling to be borne by the market maker, so it will reject the customer's order, give the customer a new **, and ask the customer to place a new order or confirm the acceptance of a new **. In fact, for market makers, re-** is a responsible behavior.

Although some market makers do not re-**, they process customers' orders with slippage, which may be more difficult for investors to accept.

Method 3: Is there a restriction on how far the pending order can be from the current price? Market makers usually not only restrict over-the-top trading, but also have requirements for the position of pending orders.

If it is near the current price, you can only enter the market with a market order, not a limit order. Therefore, when you place a limit order, if you are prompted to be xx points away from the current price, then you can determine that the dealer is a market maker. This is because there are no restrictions on pending orders on the No Dealing Desk platform.

You can even place your order in the middle of the spread.