The Forex market or currency market is the largest liquid market in the world. Forex traders enter the market to capitalize on the fluctuating values ​​of different currencies. They do this by buying them when prices drop and then selling them when they peak to make a profit. Unlike the stock market, the forex market is not regulated by any exchange. Instead, trading occurs directly between the seller and the customer through a broker that operates over a network called the Electronic Communication Network.

The Electronic Communication Network (ECN) is widely considered to be the future of Forex markets worldwide. This is something that Forex traders, both newbies, and veterans, should be familiar with and comfortable with. Here you will find everything you need to know about ECN and how to use it.

What Is An ECN?

An electronic communication network, also known as an alternative trading system, is a computerized system that allows individual traders to connect with large-scale brokers and trade stocks and currencies. All directly without the need for any regulatory means such as a stock market. This allows people from various places in the world to exchange with each other without restrictions. Essentially, it brings buyers and sellers together and enables instant transactions regardless of the time or location of the participants. Trading through electronic communication networks is carried out through intermediaries. Brokers are essentially financial experts who help consolidate information about the market and help match clients with potential sellers. Liquidity providers connect forex traders directly with them

Advantages of Electronic Communications Networks

Trading through the Top Electronic Communication Network (ECN) brokers offers significant advantages. Here are some ways in which the use of ECN can be beneficial to you.

Anonymity

Trading over the electronic communications network offers complete anonymity. This is because while trading through the Electronic Communication Network, the participants do not interact with each other. Instead, they interact through a corridor that serves as a bridge between them. This ensures that participants remain completely anonymous. Unlike a Market Maker, where the participant interacts directly with the broker or the bank.

Instant Trading

Although trading through the Electronic Communication Network, the trading is done through a broker, the transaction is immediate and instant. The moment the deal is finalized, it is also confirmed. So, once they accept the final offer, there can be no new listings. The instant nature of the translation ensures that there is no change in the price of the asset you are investing in, thus preventing your request from being rejected.

No Conflict of Interest

The broker you use to trade through the Electronic Communication Network does not trade against you. They only serve as intermediaries between your buy and sell orders. Furthermore, the design of the system ensures that you earn money no matter if you win or lose money. As a consequence, the broker does not have any conflict of interest, which works in his favor.

Fair and Transparent Trade

A Market Maker can direct the flow of the market by setting prices. However, a broker simply acts as an intermediary and does not set prices. Consequently, the broker cannot manipulate prices. The broker displays prices from various official sources in real-time and gives you raw market spreads.

Trading after hours

ECN brokers also allow you to trade after the market closes. This offers the opportunity to respond appropriately to price fluctuations and take into account aftermarket news and analysis.

Variable Spread

While trading over electronic communication networks, traders are assured of full access to market prices through a broker. Brokers offer variable spreads and since there is continuous variation in the prices of different currencies, forex traders have the option to buy/sell when prices are suitable and profitable for them. Prices are not controlled by the broker here. These, of course, depend on the stability, demand, supply, and other parameters of the market.

As a trucking company, you likely spend much time and money on your dispatch operation. But what if there were ways to make it even more efficient and cost-effective? Telematics is one solution that can help.

Here are five ways that telematics can help your freight dispatchers:

1. Improve communication

With trucking dispatch Software dispatchers can communicate with drivers in real-time, providing updates on a load or checking in on their status. This can help to improve both efficiency and safety on the road.

2. Save time

Telematics can automate many manual tasks that dispatchers have to do, such as tracking truck location and service hours. This can free up their time to focus on more critical tasks.

3. Reduce costs

Using telematics, trucking companies can save money on fuel, maintenance, and other expenses. For example, telematics can help to optimize routes and monitor truck idle times.

4. Improve customer service

With telematics, trucking companies can provide their customers with up-to-date information on the status of their shipments. This can help to improve customer satisfaction and build loyalty.

5. Enhance safety

Telematics can help to improve safety on the road by providing features such as truck location tracking and speed monitoring. This can help dispatchers take action if a driver is in danger or an accident has occurred.

So there you have it, five ways that telematics can help your freight dispatchers. If you’re not already using telematics in your dispatch operation, now is the time to consider it.

Lawyers, academic tutors, yoga instructors, astrologers, and doctors were extremely affected by the pandemic. Soon they realized that offering online services helps them get back on their feet. That is when they started registering on multi-service platforms with online video consultation options. Through this feature, they can effortlessly offer online consultations to customers. Do you know of such an app that proffers video consultation features? If not, Gojek Clone App is what you need right now!

What is Online Video Consultation?

Online video consultation is the feature that allows professionals to provide consultancy on video calls. Moreover, the customers can book or schedule video consultations. In short, without visiting the service provider’s location, the customers can consult the professional and clear off any queries.

All your customers and providers need a smartphone and high-speed internet connection. Let’s explore more about this feature.

Components of Online Video Consultation

There are several components of video consultation features. However, for better clarity let’s bifurcate them into the user and service provider apps. Look at the following features:

Gojek Clone App – Service Provider

• Choose the service you offer: the service providers can choose the video consultation service they want to offer from “manage other services.”
• Quote price of your choice: After choosing the services, the providers can describe the consulting service and quote the desired price.

User App

• Examine the profile: users can examine the provider’s profile. The factors they can look at while examining the profile are – experience, rating & review, and gallery.
• Add special instructions: the customers can add special instructions on the app. For instance, a user is scheduling an online video consultation with a General Physician. Now, to help the doctor understand their health issue better, the user can provide t with additional information like – “I have a fever, and I am feeling shivers. Sometimes I feel very hot, and suddenly I get a fever.”
• Auto debit from the credit card: after the job ends, the consultation fee is debited from the user’s linked credit card. It means customers need not worry about paying the service provider in cash.
• Book now or later: the Gojek Clone App allows the customers to book an immediate video consultation with the doctor alongside the option of scheduling. The customers can choose a preferred date and time during scheduling the appointment.
• Multiple credit card management: the users can add multiple credit cards to the app and while choosing the payment method, they can select the credit card they want to pay from.

Ensure That the Video Consultation Service Is Perfect

You must ensure that the video consultation service is on point. Therefore, you need to take an in-depth trial of the demo app. The demo app is similar to the working prototype you can access to understand the app’s workflow. However, ensure that the demo app trial is free!

You can see how the online video consultation service works through the free demo app trial. You can also try the different features of this service and determine customization needs.

The question is, “where can you find the demo app trial of a Gojek Clone App with online video consultation services?”

The answer is simple – find a white-labeling firm. Which app development company qualifies as the best white-labeling expert? A mobile app development company that offers the mentioned characteristics will qualify as the best white-labeling firm.

• It has more than ten years of experience in the on-demand multi-service industry.
• The firm has already launched more than 1200 pre-built apps.
• It has hundreds of video testimonials of its clients on its website.
• They agree to sign the NDA.
• They accept the clone app script package payment in parts (Payment Milestones)

Final words:

In conclusion, the on-demand multi-service Gojek Clone App with online video consultation services allows the providers to offer consultancy services on video. Take the right decision today and start developing your digital platform.

Be market-ready in less than a week.