"Warning to all RUB traders as retail brokers look at controls for ruble trading"
USDRUB trading was halted by many brokers or the leverage was reduced to 1:10. Is it Russian intervention? Who knows, but the Ruble plunge has been stopped (for now).
That's what happens when economies don't use real money, but printed currency - half of your wealth may evaporate in 3 months or even one day. (taken by the speculators) Maybe that will be a warning sign for Russia to back Ruble with precious metals - speculators couldn't destroy Ruble just like that. That would be the greatest retaliation for the western economies, that also use paper and digits instead of real money. More details:
http://www.forexlive.com/blog/2014/12/16/warning-to-all-rub-traders-as-retail-brokers-look-at-controls-for-ruble-trading/
USDRUB trading was halted by many brokers or the leverage was reduced to 1:10. Is it Russian intervention? Who knows, but the Ruble plunge has been stopped (for now).
That's what happens when economies don't use real money, but printed currency - half of your wealth may evaporate in 3 months or even one day. (taken by the speculators) Maybe that will be a warning sign for Russia to back Ruble with precious metals - speculators couldn't destroy Ruble just like that. That would be the greatest retaliation for the western economies, that also use paper and digits instead of real money. More details:
http://www.forexlive.com/blog/2014/12/16/warning-to-all-rub-traders-as-retail-brokers-look-at-controls-for-ruble-trading/
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