Solid ECN Securities | Best Place to Trade CFD Products

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Silver Floats Near 25 USD
The metal traded half a percent higher on Monday and was spotted slightly above the 25 USD during the London session. It looks like the major demand zone near previous highs at 24.70 USD has been defended (so far), and silver has managed a slight bounce off that level. So as long as silver trades above it, the medium-term outlook seems bullish.

Moreover, the 50-day moving average rose above the 200-day average, known as the golden cross, possibly providing further support for the following days. At that level, near 24 USD, another critical support is located. Alternatively, the resistance could be found near 25.35 USD, and if silver jumps beyond it, we might see another leg higher toward the current cycle highs near 26.50 USD. Volatility will surely stay elevated, and investors will assess incoming news from Ukraine, where according to the latest Russian statement, Ukraine is holding down the diplomatic talks.

Finally, the Fed will continue hiking rates, the USD remains bid and US yields pushed to new cycle highs today, likely slowing the silver's uptrend.​

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NZDUSD, the instrument retreats from local highs​

The New Zealand dollar shows the development of downward corrective trend in tandem with the US currency during the Asian session, again testing the level of 0.695 for a breakdown. The NZDUSD pair has been retreating from its local highs since November 2021 without testing the strong resistance at 0.7 for a breakout.

The development of the "bearish" dynamics on the instrument is supported by technical factors, while the position of the US currency on the market changes slightly and remains quite strong against the backdrop of worsening economic prospects as the conflict over Ukraine, where Russian troops continue to conduct a special military operation, develops. Western countries are increasing sanctions pressure on the Russian economy, despite the noticeable back-effect of restrictions. The most important issue at the moment remains a potential embargo on Russian energy imports, which is likely to provoke a sharp complication of the situation in the European energy sector and lead to even greater inflationary pressures.

The positions of the New Zealand dollar are quite strong against the backdrop of trends in commodity areas. At the same time, analysts are paying attention to new outbreaks of coronavirus in New Zealand. Over the past day, more than 18K new cases of infection were detected in the country. Despite the pandemic, New Zealand's GDP returned to growth in the last quarter of 2021, but the increase was only 3.0%, falling short of economists' expectations of growth of 3.2%.

Resistance levels: 0.7, 0.704, 0.71, 0.715.
Support levels: 0.6924, 0.69, 0.6866, 0.684.​

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SOLIDECN

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GBPUSD, correction before the speech of the Bank of England Governor

Traders remain concerned about the situation in Eastern Europe, and are also trying to assess how much the global economy will slow down, given the unprecedented sanctions restrictions against the Russian economy. Earlier, the United Kingdom, following the United States, announced a complete embargo on oil and gas supplies from Russia, sharply condemning the conduct of a special military operation on the territory of Ukraine. EU countries cannot yet completely abandon Russian energy resources, but are trying to find ways to reduce their dependence.

In the meantime, quotations on the commodity markets are once again showing strong growth after some correction, which has an extremely negative impact on global inflationary risks. According to a survey by The Sunday Times, 67% of UK citizens already face difficulties in paying for heating and electricity. In early February, the UK consumer electricity price cap was increased by 54% and from 1 April the monthly charge for each household could rise by 693 pounds a year.

Resistance levels: 1.32, 1.3250, 1.33, 1.335.
Support levels: 1.31, 1.305, 1.3, 1.296.​
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SOLIDECN

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Oil Drops on Monday​

The WTI benchmark was down more than 3% on Monday in what is considered average volatility nowadays, testing the 110 USD level to the downside.

Oil has failed again at the 118 USD resistance as investors took profits from the recent rally. As long as it trades below 118 USD, the short-term outlook could be cautiously bearish. On the downside, the critical support zone is at the medium-term uptrend line, currently near the psychological level of 100 USD. Therefore, oil must defend it in order to stay in the long (and medium) term uptrend.

The US dollar is soaring today, along with US yields, undermining commodities such as gold, silver, copper, and oil are all weaker. On Sunday, China announced that a two-phase lockdown for Shanghai had been launched amid the rising number of coronavirus infections. More lockdowns in China could decrease demand for oil in the short term.​

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SOLIDECN

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7 Benefits of Trading Indices
  1. You can take a consolidated view and avoid stock risk
  2. You can trade both ways; long side and short side
  3. You can trade in index futures with lower margins
  4. You can hedge your risk with index futures
  5. There is limited liquidity risk in these index futures
  6. You can use index futures to diversify your portfolio
  7. Cost of trading index futures is much lower

List of offered indices at Solid ECN Securities
  1. S&P500 (American Stock Exchange index)
  2. DJIA (Dow Jones Industrial Average index of American Stock Exchange)
  3. NASDAQ100 (index of the American Stock Exchange)
  4. FTSE100 (index of London Stock Exchange index)
  5. DAX30 (index of the German stock exchange)
  6. CAC40 (Euronext Paris index)
  7. EUROSTOXX50 (index of Eurozone’s blue chips)
  8. ASX200 (index of the Australian stock exchange)
  9. IBEX 35 (index of Madrid Stock Exchange)
  10. Hong Kong 50 (index of the Hong Kong Stock Exchange)
  11. Japan225 index of Japan Stock Exchange
Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

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A stop-loss is designed to limit an investor's loss on a security position that makes an unfavorable move.
One key advantage of using a stop-loss order is you don't need to monitor your holdings daily. A disadvantage is that a short-term price fluctuation could activate the stop and trigger an unnecessary sale.
Stop-Loss Orders Are Also a Way to Lock In Profits


The Bottom Line
A stop-loss order is a simple tool that can offer significant advantages when used effectively. Whether to prevent excessive losses or to lock in profits, nearly all investing styles can benefit from this tool. Think of a stop-loss as an insurance policy: You hope you never have to use it, but it's good to know you have the protection should you need it.
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Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

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Solid ECN Securities​

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Pros
Ensure a profit
Minimize risk
No second-guessing

Cons
Not good for long-term traders
Can't take advantage of trends
Might not be executed at all​

Pros Explained
Ensure a profit: A TP order is set to ensure that a day trader makes some level of profit. If your order is executed, you are guaranteed to make money on the trade.

Minimize risk: A take-profit order allows you to take advantage of a quick rise in the market rather than potentially missing the chance to sell at a profit.

No second-guessing: Traders who use TP orders don't have to decide whether it is better to buy or sell in the moment. The trade happens automatically without the risk of second-guessing the decision.​

Cons Explained
Not good for long-term traders.
Take-profit orders are a short-term strategy to guarantee that you make some level of profit quickly. They aren't appropriate for long-term traders who are willing to tolerate more ups and downs in the market in order to make a larger profit in the end.

Can't take advantage of trends.
Take-profit orders don't allow you to take advantage of longer-term trends. Trend traders who use take profit targets are often frustrated when they’ve recognized a good trend and get out too early.

Might not be executed at all.
Having a take-profit order in place doesn't guarantee that the sale will happen. If the market never rises to the TP level you set, you may still have to sell at a loss.​
Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

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Solid ECN Securities​

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Pending Orders – Key to Money Management​

A money management system is based on a plan. It means that the trader already knows how much to risk on every single trade, the entry and exit level, and what the next step should be.

The only thing difficult to estimate is the time it takes a trade to reach the target. If the analysis is wrong, the trade may be stopped sooner than expected. Even if the analysis is correct, the market may take an unexpectedly long time to reach the target.

Plan your trade and trade your plan. This is what using pending orders suggests – a plan is in place.
Traders using a plan have a big advantage in front of traders that use a random system. Yet, building a plan and executing it is a totally different process.

Patience is key. Depending on the timeframe the analysis is based on, it may take days, weeks, or even more until the price reaches the desired level.

Moreover, traders using pending orders are often “ahead of the curve.” Effectively, it means that the market may continue in the opposite direction for some time before reacting.

The beauty of using pending orders is that they allow a trader to:
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> Buy into strength – buy-stop orders in trending markets
> Sell into weakness – sell-stop orders in trending markets
> Buy into weakness – buy-limit orders as contrarian trading
> Sell into strength – sell-limit orders as contrarian trading


Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

Master Trader
Nov 16, 2021
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Solid ECN Securities​

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12 Benefits of Cryptocurrency in 2022
Part 1/4​

Crypto is a relatively new asset class that began with the creation of the Bitcoin blockchain in 2009. The primary benefit of Bitcoin and most other cryptocurrencies based on blockchain technology is that they don’t have a central authority, payment processor, or company owner.

1. Easy Transactions
Crypto transactions can be made easily, at low cost, and in a manner more private than most other transactions. Using a simple smartphone app, hardware wallet, or exchange wallet, anyone can send and receive a variety of cryptocurrencies.

Some types of cryptocurrencies, including Bitcoin, Litecoin, and Ethereum, can be bought with cash at a Bitcoin ATM. A bank account isn’t always required to use crypto. Someone could buy bitcoin at an ATM using cash then send those coins to their phone. For people who lack access to the traditional financial system, this may be one of the biggest pros of cryptocurrency.

2. Incredible Security
Because they are based on cryptography and blockchain security, decentralized cryptocurrencies tend to make for secure forms of payment. This might be one of the most certain benefits of cryptocurrency.

Crypto security is determined in large part by hash rate. The higher the hash rate, the more computing power it would take to compromise the network. Bitcoin is the most secure cryptocurrency, having the highest hash rate of any network by far.

Using a crypto exchange is only as secure as the exchange itself, however. Most incidents of crypto being hacked involve exchanges being hacked or individuals making mistakes.

3. Short Settlement Times and Low Fees
While some people only want to invest in cryptocurrency for price appreciation, others might find benefit in the ability to use crypto as a medium of exchange.

Bitcoin and Ether transactions could cost anywhere from nickels and dimes to several dollars or more. Other cryptocurrencies like Litecoin, XRP, and others can be sent for pennies or less. Payments for most cryptos settle in seconds or minutes. Wire transfers at banks can cost significantly more and often take three to five business days to settle.​

Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

Master Trader
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Solid ECN Securities​

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12 Benefits of Cryptocurrency in 2022​

Part 1/4​

4. Exponential Industry Growth​

The cryptocurrency industry has been one of the fastest-growing markets that most of us have seen in our lifetimes. Being involved now might reasonably be compared to being involved with companies on the leading edge of the internet back in the 1990s and early 2000s.

The total market cap of the cryptocurrency market in 2013 was about $1.6 billion. By June 2021, it rose to over $1.4 trillion.
​

5. Outsized Returns​

It’s no secret that Bitcoin has been the best-performing asset of the last 12 years. When it began in 2009, Bitcoin essentially had no value. In the following years it would rise to a fraction of a penny and then eventually to tens of thousands of dollars. This represents millions of percentage points’ worth of gains. By comparison, the S&P 500 index of stocks returns an average of about 8% per year.

Some altcoins have outperformed Bitcoin by wide margins at times, although many of those later saw their prices collapse. Gains like these might be among the most well-known cryptocurrency benefits. (The losses, on the other hand, may be among the most well-known drawbacks.) Volatility has characterized prices in the crypto space, which has been one of the key benefits of cryptocurrency for day traders and speculators.
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6. More Private Transactions​

Privacy can be one of the benefits of cryptocurrency, but crypto isn’t as private as some people might think. Blockchains create a public ledger that records all transactions forever. While this ledger only shows wallet addresses, if an observer can connect a user’s identity to a specific wallet, then tracking transactions becomes possible.

While it’s worth noting that most crypto transactions are pseudonymous, there are ways to make more anonymous transactions. Coin mixing services group transactions together in a way that makes it hard to pick them apart from one another, confusing outside observers. Individuals who run a full node also make their transactions more opaque because observers can’t always tell if the transactions running through the node were sent by the person running the node or by someone else.

Methods like these are for more advanced users and could prove difficult for those new to crypto. So while absolute privacy is really not one of the main positives of cryptocurrency, transactions are still generally more private than using fiat currency with third-party payment processors.​

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Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

Master Trader
Nov 16, 2021
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Solid ECN Securities​

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12 Benefits of Cryptocurrency in 2022​

Part 3/4​

7. Portfolio Diversification
Cryptocurrency has become known as a non-correlated asset class. Crypto markets largely function independently of other markets, and their price action tends to be determined by factors other than those affecting stocks, bonds, and commodities.

Any asset that has risen by millions of percentage points over just twelve years, as a number of crypto coins have, clearly is not correlated to anything else. But it’s worth noting that during the last few years, cryptos have begun to sometimes trade in tandem with stocks for short periods of time.

8. Inflation Hedge
Mineable cryptocurrencies with a limited supply cap, like Bitcoin, Litecoin, and Monero, to name a few, are thought to be good hedges against inflation. Because monetary inflation can occur when central banks and governments print more money, increasing the supply, things that are more scarce tend to appreciate in value.

With more and more new dollars chasing fewer and fewer coins, the price of these fixed-supply coins as measured in dollars has a higher chance of going up. Additionally, the Bitcoin protocol, for example, is also designed to keep those coins scarce regardless of what happens with monetary policy.

9. Cross-Border Payments
Cryptocurrencies have no regard for national borders. An individual in one country can send coins to someone in a different country without any added difficulty. With traditional financial services, getting funds across international borders can take a long time and come with hefty fees. In some cases, doing so might not even be possible due to regulations, sanctions, or tensions between specific countries.​

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Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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S

SOLIDECN

Master Trader
Nov 16, 2021
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Solid ECN Securities​

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12 Benefits of Cryptocurrency in 2022​

Part 3/4​

10. A More Inclusive Financial System
Some of the benefits of cryptocurrency extend to people who don’t have access to the traditional financial system. Due to its decentralized and permission-less nature, one of the benefits of cryptocurrency is that anyone can participate.

People don’t have to have permission from any financial authority or government to use the crypto ecosystem. (Though it’s worth noting that Bitcoin mining is banned in China.) They also don’t necessarily need to have a bank account. There are billions of people today who are “unbanked,” meaning they have no access to the financial system, including bank accounts. With crypto, all these people need is a smartphone, and they can essentially become their own bank.

11. Transactional Freedom
One of the great benefits of crypto is that it can be used to exchange value between two parties. This can be done independently of any third-party, making the transaction freer and censorship-resistant.

Banks or other payment processors can choose to cut off services to anyone for any reason. This can make things difficult for some journalists, political dissidents, or other individuals working in nations with oppressive government regimes. Because there is no central authority governing Bitcoin or most other cryptocurrencies, it’s very difficult to stop anyone from using them.

12. 24/7 Markets
Stock markets are only open on weekdays during the regular business hours of 9:30 am to 4:30 pm Eastern Time, in the case of the New York Stock Exchange (NYSE). During nights, weekends, and on holidays, most traditional financial markets are not open for business.

Crypto markets, on the other hand, trade 24 hours a day, seven days a week, without exception. Some of the only things that could interrupt a person’s ability to trade cryptocurrency would be a power outage, internet outage, or centralized exchange outage.​


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Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

Master Trader
Nov 16, 2021
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Solid ECN Securities​

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Trading with Solid ECN allows investors to buy/sell financial instruments outside traditional trading hours. Solid ECN provides a mechanism for traders who either can’t be actively involved during normal bank times. It also bypasses spreads and commissions that are common when using a bank or a traditional broker. An ECN broker such as Solid ECN provides a tight spread and small fees for trading more than 250 products.

Solid ECN can deliver a level of anonymity to those who are concerned about their privacy. This can be especially appealing to investors interested in making larger trades. Solid ECN Securities is a non-dealing desk broker, meaning that we do not pass on order flow to market makers. Instead, we match participants in a trade electronically and pass the orders to liquidity providers.

Solid ECN facilitates trades for interested investors across the ECN market. Trading with a broker who would offer this nature often results in lower commissions as well as additional trading time availability because of how the ECN functions

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Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
solidecn.com​
 
S

SOLIDECN

Master Trader
Nov 16, 2021
3,376
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Solid ECN Securities​

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Solid ECN delivers an electronic system for buyers and sellers to come together to execute trades in the market. We do this by providing access to information about orders being entered, and by simplifying the execution of these deals. The network is created to fit buy and sell orders presently in the exchange. When detailed order information is not available, Solid ECN supplies prices mirror the highest bid and lowest ask recorded on the available market.

Benefits of Electronic Communications Networks
Price feed clarity is also a byproduct that many think is a benefit because of how the information is shared. At Solid ECN traders have access to the same feed and trade at the precise price that is provided. A particular amount of price history is also readily available in Solid ECN market watch, authorizing for a more straightforward analysis of certain trends within the marketplace. This helps limit price manipulation, as existing and old data are readily available to all, making it more difficult to act unscrupulously.

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Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
solidecn.com​
 
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SOLIDECN

Master Trader
Nov 16, 2021
3,376
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Solid ECN Securities​

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Forex Trades 24 Hours a Day, Five Days a Week

Retail traders have the blessing of highly leveraged trading with lower margin requirements than in equity markets. But before you get involved with trading in the forex world, you'll have to know about the popular currency pairs.

Here's a shortlist of the six most tradable currency pairs in forex.

1. EURUSD
The EURUSD currency pair tends to have a negative correlation with USDCHF and a positive correlation with the GBPUSD. This is because of the positive correlation between the euro, the pound, and the Swiss franc.

2. USDJPY, trading the "Gopher".
The next most traded pair has been the USDJPY. USDJPY has been exposed to political sentiment between the United States and Asia. The instrument tends to be positively correlated to the USDCHF and USDCAD currency pairs due to the U.S. dollar being the ground currency in all three pairs.

3. GBPUSD, trading the "Cable".
The GBPUSD pair tends to have a negative correlation with the USDCHF and a positive correlation with the EURUSD. This is expected to be the positive correlation between the British pound, the Swiss franc, and the euro.

4. AUDUSD, trading the "Aussie".
The AUDUSD currency pair tends to have a negative correlation with the USDCAD, USDCHF, and USDJPY pairs due to the U.S. dollar being the quote currency in these cases. The correlation with the USDCAD is also because both the Canadian and Australian dollars share a positive correlation with each other as both are commodity block currencies.

5. USDCAD, trading the "Loonie"
The USDCAD currency pair tends to be negatively correlated with the AUDUSD, GBPUSD, and EURUSD pairs due to the U.S. dollar being the quote currency in these other pairs.

6. USDCNY, trading the Yuan.
The USDCNY currency pair describes the connection between the US dollar and the Chinese renminbi, generally known as the yuan. In recent years, it has represented about 4% of daily forex trades.

The US-China trade relationship has been volatile in recent years, feeding USDCNY traders with plenty of speculative possibilities.

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Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

Master Trader
Nov 16, 2021
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Part 1/3

Slippage is the difference between the demanded price of a trade and the price at which the trade is opened/closed. Slippage can happen at any time but mostly it occurs during higher volatility markets such as during high-impact news. It can also arise when a large order is executed but there isn't enough volume at the desired price to keep the current bid/ask spread.

Slippage refers to all cases in which a market player receives a different trade execution price than planned. Slippage happens when the bid/ask spread shifts between the time a market order is ordered and the time an exchange or other market-maker executes the order.

Slippage occurs in all market platforms, including equities, bonds, currencies, cryptos, and futures.

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Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of transparency mean price manipulation is impossible
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SOLIDECN

Master Trader
Nov 16, 2021
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Slippage doesn't indicate a negative or positive motion in price movement because any difference between the intended price and an actual price can be referred slippage. When an order is executed by a trader, the asset is purchased or sold at the best price offered by Solid ECN or its liquidity providers. This act can deliver results that are more favorable, equal to, or less favorable than the demanded price. The final quote vs. the planned price can be categorized as positive slippage, no slippage, or negative slippage.

Market prices can change quickly in a high volatility market, allowing slippage to occur during the delay between a trade is requested and when it is executed. The term is used on many market platforms but definitions are similar. However, slippage manages to occur in different circumstances for each venue.

While a limit order stops negative slippage, it has the risk of the trade not being executed if the price does not return to the limit level. This chance increases in situations where market changes occur more quickly, limiting the time for a trade to be finalized at the requested price.​

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