Аccess to deep liquidity
Another advantage of the European Forex.ee broker is providing access to deep liquidity in the Forex market for the clients of our company.
Let's take a closer look: How does access to Forex liquidity and using Forex.ee provide data on deep liquidity to its customers?
The Forex market is considered one of the most highly liquid markets. For traders, Forex liquidity is estimated in terms of the demand for the selected trading tool and depends on the supply and demand for this tool, as well as how quickly an order finds a counter order in the same currency.
The more popular a currency pair is, the smaller the spread size is for a broker, resulting in orders are being executed faster.
Accordingly, on the Forex market different currencies have different liquidity. For example the most liquid currency pairs are EUR/USD - EUR/JPY - USD/JPY - GBP/JPY - GBP/CHF - USD/CHF - GBP/USD among others.
With Forex.ee, traders get deeper information about the market and the liquidity of different currencies using a plugin called "One Click Trading" with the optional "Market Depth", details of which were described earlier.
Market Depth - The aggregate data that reflects the possible volume of transactions with a particular currency pair at a certain point.
Market depth shows a trader the trades, which are on the market at this time, including customer orders of Forex.ee and external liquidity providers. Here you can see the best ASK and BID prices, along with the volume available to buy or sell. A trader can choose the most appropriate currency pairs for opening trades.
Deep liquidity is provided in Forex.ee and provides additional data about the market which a client can use for level 2 quotes. Such data are particularly in demand for real accounts with trading strategies which need to consider volumes available for trading (eg. scalping).
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The highest Bid price: top 5 prices that traders are willing to accept for the transaction to sell.
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Volumes of Bid (in millions of USD): Available volumes at each price.
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The lowest Ask Price: 5 best prices that traders are willing to accept when making transactions to buy.
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Volumes of Ask (in millions of USD): Available volumes for each of the five Ask prices.
For details, see our website:
http://www.forex.ee/en/platform/level2-plugin
Deep market liquidity data is available to our customers on the two types of accounts that we offer for trading with Forex.ee: ECN and STP.