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Dealing Desk Forex Broker vs Non Dealing Desk Broker - Are You Robbing Yourself?

What is the Catch
in this
Dealing Desk vs Non Dealing Desk

Maybe, this is not very correct this a catch, but there is much beyond the choice between dealing desk Forex broker vs no dealing desk Forex broker.

Usually, you will notice that dealing desk brokers are a lot more "friendly" and give you more great perks and bonuses. For example, there dealing desk brokers allow you trading with mini and even micro lots, unlike brokers who require a standard lot of $10,000. This is where you already start thinking "Hmm, why is all that good attitude from dealing desk brokers, compared no dealing desk."

I would not like to tell this about all Forex brokers, but business is business. Usually when they are ready to give away a lot, this means they are sure they will compensate it from some source of income. And for brokers with dealing desk the dealing desk in itself is the source of profits.

When you are trading with dealing desk, this can result in:

• position being closed later then you need (and this gap between actual closing and execution can cost you money)
• during this gap before closing it is possible that some kind of software shows you the "adjusted" rate, with some pips being in the favor of the broker, instead of being in the favor of the Forex trader

Not that much disadvantages, but this is enough to open a huge doorway for the Forex broker for making extra profit and playing against the trader.

Of course, a lot depends upon the reputation of the company. But you saw that a while ago, reputable insurance companies secured absolutely junk value papers from real estate bubble. Come on, it’s all about the money in this world. If you have plenty of money and mass media support, you can make most of the people forget about any bad reputation.

That is why in the choice between dealing desk vs non dealing desk, the later is much more fair when it comes down to you - the Forex trader.

Finding the Best Managed Forex Accounts - Secrets of Investing Your Money Wisely

Forex managed accounts service is, perhaps, one of the most popular and lucrative niches on the Forex market. This is the choice of people who have money, but do not have time or skill or desire to trade the money.

If you are one of the people - be aware that you are one of the most hunted for people on the Forex market for Forex traders, Forex brokers (who often have Forex money managing as their affiliate business), and companies that lurk on the market.

Without getting into much details, because we have been mentioning this many times before in these Forex tips about choosing trading signals and these best Forex investment scam proof tips, we just want to say in general - do not trust things like testimonials, recommendations on forums, trade records (unless in the version specified further in this post), because there is a probability they are just marketing and affiliate stuff.

What is a much better thing to check is the so-called trading history WITH entry and exit points indicated. This is crucial - with entry and exit points on any single trade.

I can write in 5 minutes a list of my trades that seem to go up and down, but finally give me 10% per day. But this can be a fake. When you see entry and exit points, you can see if that was really happening on the market. In other words, you can follow the potential manager of your Forex money step by step. This lowers the chances to cheat you.

The best example can be a daily update with entry and exit points and trade results - you see what happens in real life.

How to Find Best Forex Signal Provider - Free Forex Trading Signals Software Tips (no forex signal reviews involved)

Many people on Forex market choose the option of signals or alerts trading. This is very simple: you are susbscribed to some system that sends you entry and exit signals/alerts, you execute them - nothing difficult.

We are not going to dispute in this post whether Forex trading by signals is the best way to trade on the market. We will focus on how to choose the best Forex signal provider.

You understand that the quality of the signals is EVERYTHING for you, when you trade with signals. Quality signals, you have profits; bad signals, you look into the big wholes in your pockets. So the question comes down to…

How to Choose Quality Forex Trading Signals?

The DON’Ts

• Don’t trust testimonials

Everybody can find 1-10 folks online and ask them for a favor to tell good stuff. No one is going to sue them, that is why - no big brainer that testimonials (text, video, audio) cannot be the source of ultimate truth.

• Don’t trust trade record

First of all, previous trading success in NO way can guarantee future success - this is one of the basic trading facts and many traders write this phrase in their disclaimers. Of course, the strategy that has been providing successful signals for years has a lot more credibility than the strategy that has been a failure for the last 24 months. But in any case - previous history does not give you any guarantees for success.

Number two, previous trade record can be "amended a little" to look that entry and exit positions give you the best effect. Surely this is cheating, but it is not easy to prove it as all brokers have different picture of the market.

• Don’t trust reviews

We do not mean to say that all reviews are written for the purpose of cheating you. But today big businesses know the rules of the game and they know how to manipulate with publicity opinion. With an average price for review to range from $25 to $50, a simple investment of $1,000 will flood with the market with the reviews. If 8 of 10 reviews are the "purchased" ones - you see the point.

• Don’t trust forums

Though niche forums are a more fair place to get different points of view, but you might be surprised to find out that Forex brands, strategy sellers, brokers and other profit yielders in this industry pay money for the people to do forum marketing, hiding behind 10, 20 or more forum nicks.

The DOs

• Trust trials

This is not a big brainer to understand that if during the 14 day trial of the Forex signal system your trading results in profits - this is the best proof.

No Free Trial? Simple Secret!

Definitely it is better if the option to test the signals is given for free. But even if there is no free trial - no problems. Buy it and, in case you are not satisfied, do a refund. Surely if you see the profit from signals, you will never refund, as this will instantly cut you off from getting new signals and making more money.

As you can see the suggested tip will work even for signal system without free trial. This is legal and effective and give you a real chance to test the quality of the signals.