When looking for a new Forex broker or reevaluating your present broker, it is essential to have a solid understanding of the process by which rates are established. The best brokers base their prices on information obtained from outside sources, such as quotes provided by third parties and information provided by liquidity providers (LPs). Trading platforms include real-time price streaming into their operations. This is an essential component in getting spreads back down to more reasonable levels. Forex brokers have access to a broad pool of liquidity providers from which they can make their selection. These vendors compete with one another in the hope of being the forex broker’s hedging…