What is Forex Broker Efficiency

Traders who know what is forex broker efficiency are wise. Concerned only about getting the best best filling price and stable price quotes, and nothing else.

What is Forex Broker Efficiency and its Importance

Knowing what is forex broker efficiency in terms of filling price, will set you way ahead in trading. Especially if you are a scalper or other high frequency trader. Knowing what is forex broker marketing will also help you choose a good broker. In the world of financial trading, many beginners tend to go for the forex brokers advertised most, or the ones offering biggest bonuses and offers. And many of them focus too much on dealing costs. But that is the wrong way to make decisions and choose a broker. Wise traders on the other hand care about one thing and one thing only, that is efficiency in trading. It simply means how good a filling price the broker can get you when you close that trade. Ideally you want maximum profit on winning trades, and minimum loss on losing trades. This is what a good filling price brings. And top brokers, especially in the field of online CFD trading are so well networked that they can handle your trades in almost no time, and at excellent filling prices. CFD brokers are ultra liquid and efficient, no one can argue against the facts. And this liquidity makes your trading efficient and more profitable than it would otherwise be. Even if your CFD broker charges high fees it may actually be much better and much more cost effective than many Futures and spot market brokers. Because many of these non CFD brokers entice clients through low dealing costs and bonuses. But their average filling price is horrible, and also they have unstable price quotes, where they keep on re-quoting you but when you click on the quotes to trade, the price has already expired and a new quote appears. Non CFD brokers’ shortcomings end up costing you so much more that the savings on their low dealing costs are dwarfed beyond worth comparing! But this loss is subtle and new inexperienced traders do not notice. CFD brokers however, even if high dealing costs are in place, are able to propel the profitability of your trading way higher.

What is Forex Broker of the Year Award Winning All about?

If you have heard about award winning brokers, it’s typically a marketing strategy by brokers to gain popularity. But there are many award winning brokers who are not the best around. It is best to choose a well rated broker, rated by real traders who have traded through the actual platform. This is the realistic way to assess a broker. Awards and marketing tactics such as bonuses and offers, do not appeal to wise traders. Any wise forex trader who knows what is forex broker award winning all about, will see it with skepticism. This is not a rule of thumb, but experience has shown that the best brokers are not necessarily the most popular ones. Wise traders ask around, and choose a broker which has many satisfied clients. Award wins and bonuses are not going to fetch you that best possible filling price when you trade at $50 per pip. And every pip will count. But good networking, sophisticated order handling, and liquidity will! They will fetch you the best possible filling price every step of the way.