For those who are not very well aware of what the concept of ECN is all about, let us begin with the full form of this abbreviation which stands for Electronic Communication Network. This is one of those highly and very often used words in the financial markets arena and without any additional scruples can be easily regarded as the next big thing in the foreign exchange markets. Here is where the Forex ECN brokers play a very essential role for the process to take place.
There is a perfectly designated and responsible role for the Forex ECN brokers that take place throughout the process and that are what they are expected to deal with to bring in the necessary results. Basically the process that is taken care by them is that the ECN is nothing but a sort of a linking bridge which goes to the extent of joining the tinier markets to its concerned liquidity owners. This is the key step of the concept and the broker and these mentioned ECN brokers are those which help in making this process take place entirely through them.
The number of opportunities that you will come across in this field as a beginner is endless, let us has a glance t a few of them:
- BEGINNERS SHOULD LOOK OUT FOR THE NEW FADE STRATEGY!
You never know what kind of a massive impact can take place on the involvement and leading of the forex market. It can so be that this effect or rather impact is taking place from a handful of countries. Here is where you need to understand the key factor that holds this new fade strategy together and brings considerable success through its medium- and that is none other than the factor of timing. This strategy is all about knowing the importance of how long to wait which in this case is at least not less than a good 15 minutes before you step into the trading system to obtain the expected results.
- INSIDE DAY BREAKOUT STRATEGY IS ALL WHAT THE BEGINNERS CAN TALK ABOUT
Coming to one of the trendiest and the most often elected strategies; the inside day breakout strategy is that where you will find yourself taking a following step behind the trend where you will deal or rather experience for yourself how you can make use of the daily candle to be sufficed and content within the remaining high or low of the candle that was put into use the previous day. What traders who follow this strategy are seen to be doing is that they buy 1 pip which is mostly above or below the previous day’s usage and this is one of those times when it becomes much more convenient and trustworthy when a series of candles are seen to be held sufficiently within the last day’s candles.
- THE STRATEGY OF THE MOVING AVERAGE CONVERGENCE DIVERGENCE CROSSOVER, MEANT TO BE REAL EFFECTIVE!
This strategy is actually simpler than the other two that have been mentioned as all you have to do here is get into the business of promoting the concept of purchasing when you witness a rise being show in the price action, considerably higher than the moving average of 200/day that was seen earlier. Also the MACD line is seen to be moving over the signal line. Not only do you need to make use of this strategy if you see a ruse in the price action, the same steps can be taken when it goes lower too.