Execution is one of the most fundamental parts of the trading process, and it is the bridge between making wishful trades and seeing their translated results. It is essentially the process of completing a trade in the market according to conditions specified by the client. Execution is a necessary part of trading, and it is conducted during different kinds of circumstances.

Execution can be done through different methods and through different channels. Manual execution is when the trade is made through a trading platform by the individual trader - where a specific set of criteria is selected and followed. Automated execution is when the trade is made through an automated financial trading system or algorithm. Automated systems often use a combination of techniques such as market orders, limit orders, and stop-loss orders to make trades on behalf of the client.

In both cases, brokers are mandated by law to handle trades in the best possible way and to take all necessary steps to ensure that the trade meets the requirements of the client. To do this, brokers must research the market conditions thoroughly, use the best available technology, and ensure that the trade is executed correctly and efficiently.

Furthermore, brokers must also work to minimize pricing discrepancies and minimize slippage, as these can significantly eat away at the profit that a trader may think he/she has made. Ultimately, the goal of the broker is to help the trader make a profit by providing the best possible execution of the trader’s trades.

It is important for both the trader and the broker to stay informed about the latest developments related to a trade and to have the best knowledge possible about the current market conditions. This will help both the trader and the broker to make the most informed decisions about the execution of trades, and thus to maximize the profit potential of the trade.