Central Bank revokes licences of major forex dealers - page 14
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Forex is not a speculative market, it is not interesting for foreign private traders and is absolutely opaque, if only as a sweepstakes
The stock exchange is designed for trading, what else is it for?
You may be surprised, but the EUR, GBP or JPY are speculative assets, just like everything else. There is no difference between currencies and other commodities on the stock exchange. Except that their market is decentralised and over-the-counter
The first thing to do is to describe what is meant by the word pyramid
A pyramid scheme is when money is given out at the expense of newcomers
e.g.
our pension fund is a pyramid scheme, that's why they don't call it a pyramid.
I've told you almost all the secrets of the DTs.
Well, everyone knows them, except those who prefer to feed on illusions).
But it's good that you laid it out. However, the guys resist a lot and don't really want to see the reality:)
Well, everyone is aware of them, except those who prefer to feed on illusions).
But it's good that you've laid it out. However, the guys are strongly resisting and don't really want to see reality :)
yeah really what... erase it better ) i have no mission on this
This was expected. The currency exchange should be traded through MICEX. It should be accessed either directly or through real brokers, not through DCs who called themselves brokers.
On a currency exchange, you can only exchange one currency for another. Making money from exchange rate differences, especially short trades, is not possible on a currency exchange. That is why forex and the exchange are completely different things. The forex market exists irrespective of the exchange and it is absolutely legal. The listed dealers were stripped of their licences because of false reporting: the contract was concluded with offshore companies, and the licence-holder companies did not conduct any transactions through them at all.
Forex is not a speculative market, it is not interesting for foreign private traders and is absolutely opaque, if only as a sweepstakes
And the exchange is designed for trading, so what else is it for?
The exchange is not geared for anything. There are many sections, and all of them have different objectives. The foreign exchange section is designed to exchange currencies. For example, you may exchange rubles for dollars, and then dollars back to rubles. But you can never make money on the exchange on a fall in the exchange rate of the yen to the Mexican peso. Do you get the difference? As for speculation, there is a futures section for that, where futures and options are traded. But the forex is an over-the-counter interbank market, where banks trade with each other. Dealing houses get their quotes from this market and provide them to their clients, who are basically betting on rise or fall of a pair. This is nothing short of a form of betting.
The exchange is not tailored to anything. There are many sections and they all have different tasks. The currency section is for exchanging currencies. For example, you can exchange rubles for dollars and then dollars back into rubles. But you can never make money on the exchange on a fall in the exchange rate of the yen to the Mexican peso. Do you get the difference? As for speculation, there is a futures section for that, where futures and options are traded. But the forex is an over-the-counter interbank market, where banks trade with each other. Dealing houses get their quotes from this market and provide them to their clients, who are basically betting on rise or fall of a pair. This is nothing short of a form of betting.
Sort of like forex, 2 liquidity providers onlly
Alpari's comments on the Bank of Russia's decision
The Bank of Russia today published a decision to revoke the license of Alpari, a Russian subsidiary of the international financial services brand.
That's the main reason for revoking licences :)
https://www.rbc.ru/economics/27/12/2018/5c250f589a7947ac05fd0de5?utm_source=yxnews&utm_medium=desktop
That's the main reason for revoking licences :)
https://www.rbc.ru/economics/27/12/2018/5c250f589a7947ac05fd0de5?utm_source=yxnews&utm_medium=desktop
What kind of nonsense is this? I don't think it will do any good. There is no way to get traders to this marketplace away from offshore brokers/DCs.