Newbie question

Discussion in 'Forex Brokers' started by jm73, Apr 21, 2006.

  1. jm73


    Let's say the broker is pure ECN.

    There are buch of major banks or liquidity provider in opther side who qoutes.

    If I win from trading, where is that money coming from?

    whoever I closed my trade with?

    let's say I opened and closed with UBS and I made 100$.

    Does that mean UBS lost 100$? or somebody trading with UBS lost?