The dealing desk in the forex market is usually the broker through whom you place the forex trading orders. There are basically two models in forex trading, namely dealing desk and no dealing desk. Even though many market participants believe that no dealing desk model is superior, the dealing desk model has its own advantages. The dealing desk is a counter party for its customers, hedging their aggregate positions through the adoption of predetermined risk parameters. The major advantages of dealing desk are
However, the major disadvantages of dealing desk are that you would not be able to place stop or limit orders very close to the market price and you must accept the bid and ask price that dealing desk offers. It is up to you to decide whether you would prefer a dealing desk or trade directly with the no dealing desk model.