06
Jan
The Forex market is a dynamic environment where brokers play a critical role in facilitating trades. If you've researched Forex brokers, you’ve likely come across acronyms like ECN, STP, MM, NDD, and MTF. These terms describe the operational models brokers use to execute trades, and understanding them is crucial for choosing a broker that aligns with your trading strategy and needs. In this article, we’ll break down these terms, explain their meanings, and highlight their advantages and disadvantages. What is a Forex Broker? A Forex broker acts as an intermediary between retail or institutional traders and the Forex market. They…