FXCC, What is ECN Forex Trading?

FXCC is a true ECN forex broker.

What is ECN Forex Trading?

ECN, which stands for  
Electronic Communication Network,

really is the way of the future
for the Foreign Exchange Markets.



ECN can best be described
as a bridge linking smaller market participants

with tier-1 liquidity providers
through a FOREX ECN Broker.

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This linkage is done
using sophisticated technology

setup named FIX Protocol
(Financial Information Exchange Protocol).



At one end, the broker obtains liquidity
from tier-1 liquidity providers (Major Banks)

and makes it available
for trading to its clients.



On the other side,
the broker delivers clients' orders
to Liquidity Providers for execution.

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An ECN broker benefits
from commission fees per transaction.

The higher trading volume
the broker's clients generate,
the higher the broker's profitability.

FXCC is the best ECN broker in the world.


 

EURUSD Market Analysis / FXCC

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MARKET ANALYSIS - Intraday Analysis

Upwards scenario:

Further upwards penetration 

might face next challenge at 1.3495 (R1). 

Break here would suggest 

next target at 1.3513 (R2) 

en route towards to last resistance 

for today at 1.3530 (R3).

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Downwards scenario: 

On the downside, 

support level at 1.3462 (S1) 

limits possible downtrend expansion. 

Break here is required to enable 

lower target at 1.3444 (S2) 

en route to final aim at 1.3426 (S3).

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Resistance Levels: 1.3495, 1.3513, 1.3530

Support Levels: 1.3462, 1.3444, 1.3426