Our customized solutions for brokers are designed to reduce costs, optimize territorial or global operations, and stay ahead of the competition. For Traders, we recommend STP/ECN account, it support Scalping and Expert Advisor (EA).
In Commodities trading an STP (Straight Through Processing) and ECN (Electronic Communication Networks) is a type of account where the trading orders with the help of digital bridge are sent directly to liquidity provider for execution, without any intervention from a dealing desk. This No-Dealing Desk (NDD) model means it operates as a direct intermediary between banks and traders without the involvement of dealing desk.
STP Trading offers transparency, fast execution, and attractive spreads, making it suitable for traders, from beginners to experienced ones. It ensures nominal slippage, even during news events and intense market fluctuations.
When trader place a order, the STP broker electronically sends the order directly to their liquidity providers like bank. This process is automated and controlled by electronic bridge. This order is executed at the best available market price which is provided by the liquidity providers.
Transparency
Fast Execution
No Requotes
At Candore Pro, we believe in giving you direct access to the global markets, just like the big players. We recommend STP/ECN account due to its 2 major characteristics, it support Scalping type of trading and it allows Expert Advisor (EA) to automatically open and close trade as per your trading strategy.
Scalping is a kind of trading strategy where traders make profit from small price changes in a short period of time. Scalpers holds larger position sizes in the smallest time period for smaller price gain. The main object is to buy or sell at market price and then quickly liquidate it for a few cents to make profit. The position holding times may vary from seconds to minutes or up to several hours, depending upon market condition.
Frequent Trading Opportunities
Lower Risk Per Trade
Smaller Losses
Potential for High Profits
Less Capital Required
High Stress
Time-Intensive
Technology Dependent
Overtrading Risk
Quick Decisions Challenges
Expert Advisor or EA is a computerized robot based on predefined algorithms or criteria who automatically execute trades on behalf of traders. These algorithms are based on technical studies or indicators and programed trading rules. After undergoing hundreds of calculations within second, EAs identifies the best trading opportunities and execute or close trades as per given parameters.
Trade Automation
Fast Execution
Increase Efficiency
No sentiments
24/5 Operation
Programming dependency
Market Conditions
Low adaptability
Potential for technological failures
Lack of fundamental analysis
DISCLAIMER: "Trading Futures, Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this website/page are for entertainment purposes only and do not constitute investment recommendations or advice."
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