Which practice can enhance transparency in forex trading?

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Providing clear information about trading conditions and fees is a fundamental practice that enhances transparency in forex trading. When traders are well-informed about the specifics of their trading environment, including spreads, commissions, margin requirements, and any potential hidden fees, they can make better decisions. This clarity builds trust between brokers and clients, as traders can assess the true cost of their trading activities and understand the terms and conditions that govern their transactions.

Transparency is vital in financial markets, as it helps to reduce the likelihood of misunderstandings and disputes. By ensuring that all relevant information is readily available and comprehensible, brokers foster an environment where traders are empowered to make informed choices, ultimately leading to a healthier trading ecosystem with lower chances of fraudulent activities or malpractice.

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