After I read differences among MM, STP and ECN on the internet, I am more confused now except knowing there are mainly 3 types of accounts that are MM, STP and ECN.
How to distinguish them simply and correctly? May I understand ECN>STP>MM ('>' here means 'better than')?
Moreover, how do I know my MT4 account is a MM, STP or ECN account? Thanks for any help.
But we should know the advantages and disadvantages among different types so that we can know how to make use of them.
Besides, it's also important to know how to distinguish our account types.
@JD4, Why answer? out of curiosity? Just making conversation? as the answer doesnt seem at all helpful to the original that is already confused, but I think you seem smart enough to know this?
@JollyDragon keep reading at general sites like FF and BabyPips . Try to identify the knowledgeable posters on those forums. This particular forum (MT4/MQL4 programming) is not the best place to get this info.
That is why I repeated point to people to do research, and find out what works for them. Each type might have what one person would consider an advantage, that another might shy away from that exact thing. If you were starting this thread for people to discuss the different types, then I impeded that effort, and I am sorry.
@ ydrol - I am also aware of the existence of different types, but as of yet, I have not seen any discussions, here or elsewhere, that specifically outlines the attributes (not going to say good and bad because that might not be the case to some, as I said) of each type out there.
For grins, I copied and pasted your exact thread question into ask.com (my favorite search engine, cause I am a lazy typer sometimes) and http://www.financemagnates.com/forex/technology/market-making-stp-and-ecn-what-they-are-pros-and-cons/ was the first non-ad link that came up.
Edit: Ironically, this thread also appears on the ask.com search page that came up.
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