Career Opportunities in JKR Sarawak
JKR Sarawak is looking for commited, suitably qualified, dynamic and self-driven candidates with relevant working experiences to take up new career posts in the Department on contract...
Petrosains Jobs Careers Kerja Jawatan Kosong 2011, Petrosains Sdn Bhd is a wholly owned subsidiary of PETRONAS, that manages the visit operations of the world renowned PETROSAINS Twin Tower and the interactive science center. we are seeking...
Putrajaya Perdana's services are delivered by a workforce of team-oriented individuals who each share the goal of exceeding the expectation of clients. The Group is infused with values that form the foundation...
Kerja Kosong Malaysia Airlines (MAS)
Malaysia Airlines’ Malaysia Contact Centre (MYCC) invites applications from suitable candidates as part timers to work from anywhere or even at home. The part-timers will complement the present Contact ...
Multimedia Development Corporation (MDeC) is a unique high powered government-owned corporation, established to facilitate the development and promotion of MSC Malaysia, the premier Malaysian ICT initiative. MDeC advises the Malaysian...
We are looking for suitable and qualified candidates who are willing to accept the challenges and grow together with us in developing the Nation’s water supply and sewerage infrastructure for the benefit of all Malaysians. We offer an attractive...
PERKESO ditubuhkan pada 1971 bagi menguatkuasa, mentadbir dan melaksana Akta Keselamatan Sosial pekerja 1969 dan Peraturan–Peraturan (Am) Keselamatan Sosial Pekerja 1971. Perlindungan yang disediakan oleh PERKESO termasuklah rawatan perubatan,...
Perbadanan Usahawan Nasional Berhad (PUNB), a wholly owned subsidiary of Yayasan Palaburan Bumiputera (YPB) is involved in the development of local bumiputera entrepreneurs, in strategic business in order to create a dynamic, competent...
KOWAMAS Careers Kerja Jawatan Kosong 2011, Kowamas is an established credit cooperative and in line with our expansion plan we wish to invite suitably qualified to fill the following challenging positions
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KLIA Premier Holdings Careers Kerja Jawatan Kosong 2011, We are a leading multi disciplinary engineering consultancy company specializing in project management and technical consultancy services.we are seeking dynamic individuals with the relevant...
Watsons Jobs Careers Kerja Jawatan Kosong 2011. Part of the highly successful hutchison whampoa group, watsons is a leading and fast expanding retail throughout Asia retailing toiletries, toys , cosmetics . in view of our exponential growth...
Pteris Global Ltd Jobs Kerja Jawatan Kosong 2011, a company listed on SESDAQ of Singapore stock exchange, is one of Asia No 1 and one of the worlds leading airport logistics systems integrators with 30 years of experience in design and manufacturing
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Ranhill Jobs Kerja Jawatan Kosong 2011, The Company can date its roots back as far as 1961 when the Australian consulting engineers Rankine & Hill established its overseas office in Kuala Lumpur. The business started life providing services...
The LRT public transport system was introduced in the Klang Valley with the LRT System 1 which runs from Ampang/Sri Petaling to Sentul Timur and was operated by Sistem Transit Aliran Ringan Sdn Bhd (STAR) in a privatisation project while the...
We expect you to deliver an exceptional level of service and quality to our customers. We will provide trainingand opportunities to develop your expertise. As part of our expansion plan, we invite suitable candidates to apply for the following positions :1.Legal Executive2.HMS...
Amanah Ikhtiar Malaysia (AIM) ditubuhkan pada 17 September 1987 melalui Akta Amanah (1952). AIM diuruskan oleh Lembaga Pemegang Amanah yang terdiri daripada pegawai-pegawai kanan yang mewakili Kementerian Kewangan, Unit Perancang Ekonomi (EPU),...
The Puncak Niaga Holdings Berhad (“PNHB”) Group is the leading regional integrated water, wastewater and environmental solutions provider and to emerge as a significant player in the oil & gas sector. PNHB is an investment holding...
The Securities Commission Malaysia (SC) is a statutory body set up to regulate and develop the Malaysian capital market. Our vision is to develop a quality, vibrant capital market for both issuers and investors. We seek talented and highly motivated...
If you have the passion, perseverance, pro-activeness and desire to succeed, come join us! You will be part of an organisation that provides not just a job, but an exciting and challenging career development opportunity that allows...
How Forex Brokers Work
Like any other business in the history of business, your broker’s raison d’etre, is to make as big a profit as possible. There are about as many ways to go about this as there are brokers. For those who are in it for the long haul, however, it is generally best to adopt a set of practices which are deemed fair by their clients: certain boundaries are set, and operating beyond them can cost a brokerage its reputation, and along with it its clients. Straying outside these boundaries, therefore, is not considered as being in line with the long term goals of the business. How strictly these boundaries are enforced, especially when there is little chance of clients ever even becoming aware of any transgression, again varies from business to business. For the sake of simplicity, in this article we assume that everyone in the business is squeaky clean, as if every client could peek into the broker’s back office at any time and dissect every trade. This is obviously not the case, and many brokers do take advantage of this opaqueness, but the details of that are best left for another discussion.
So without further ado, let’s get into the details of how forex brokers function. Somewhat removed from the top-tier interbank market, retail forex brokers are there to provide a service that would otherwise not be available, that is, giving an investor with a $10,000 bankroll the chance to speculate in the up-until-recently very exclusive forex market. There are generally considered to be 2 types of brokers providing access at the retail level: Electronic Communications Networks (ECNs) and Market Makers. ECNs are generally somewhat more exclusive, requiring larger deposits to get started, but are seen as providing more direct access to the interbank market. As we will see, there are certainly advantages to this, but some disadvantages as well. Market makers, on the other hand are more often than not, the counter party to their clients’ trades, creating somewhat of a conflict of interest, whereas ECNs profit from commission fees charged directly to the clients, regardless of the result of any trade, they are seen as being completely impartial – an ECN has no incentive for a client to lose money. In fact, one could argue that an ECN stands to profit more if a client is successful, meaning that s/he will stay around longer and they will be able to collect more commission fees from them. A market maker, on the other hand, being the counterparty to a client’s trade, makes money if the client loses money, providing an incentive for some shady practices, particularly in an unregulated market. The extent to which this happens varies among individual brokers. There are also some benefits to trading with a market maker (see our ECNs vs. Market Makers article) Some brokers also provide a service that doesn’t quite fit into either category – they route different orders differently, depending on complex algorithms, or on a dealing desk, that analyze each order and attempt to fill it in the way that will be most beneficial to the broker’s bottom line. They can offset some client orders against one another, effectively creating an in-house market, they can choose to be the counterparty to a client’s trade (trade “against” the client), or they can offset their position with a hedge through a higher-tier counterparty. Note that the market maker is mainly concerned with managing its net exposure, and NOT with any single individual’s trades. They are NOT gunning for your stop losses specifically, but may be gunning for clusters of stops.
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