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The Forex Edge by James Dicks

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CHAPTER 18DEALING DESK OR NOT

The question of whether a broker has a dealing desk or not is really one that many forex traders have been asking for years. It wasn’t but a short time ago that retail traders (as opposed to broker’s traders) started to put the pieces together to determine that the forex brokers were out to get them and that the primary method to separate retail traders from their money was a dealing desk. I have met many broker’s traders over the years that have worked for some of the bigger retail forex brokers, and they worked on the dealing desk.

When I first got into forex trading, I was using one of the newer forex brokers. I remember visiting the firm when it moved its offices, which was sort of an upgrade, since it had gotten ...

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