will the FOREX live on? - page 4
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Considering that 99% of the time in Forex the broker earns and the trader loses, it is a very acute issue to put the broker/trader pair in order.
Basically - we need to bring this pair to 50/50 parity. So that brokerage companies and traders gain and lose equally. We need to think about the measures to achieve this.
Store brokerage companies warn about the risk of 100% loss of deposit, but this is only Step 1. Step 2 will be the introduction of compulsory MM (with any leverage) depending on the number of years of trading account with movement: if the account is 1 year old - trade on 100, and there should be 300 in reserve, if the account is 2 years old - trade on 100, and there is 100 in reserve and if the account is 4 years old - trade without reserve. This is the government's normal concern for citizens. And technically it is easy to implement. Also we need Steps 3, 4 etc.
The DC will not be sawing off the bough on which it sits.
Considering that 99% of the time in Forex the broker earns and the trader loses, the issue of the broker/trader pairing is very acute.
Basically - we need to bring this pair to 50/50 parity. So that brokerage companies and traders gain and lose equally. We need to think about the measures to achieve this.
Store brokerage companies warn about the risk of 100% loss of deposit, but this is only Step 1. Step 2 will be the introduction of compulsory MM (with any leverage) depending on the number of years of trading account with movement: if the account is 1 year old - trade on 100, and there should be 300 in reserve, if the account is 2 years old - trade on 100, and there is 100 in reserve and if the account is 4 years old - trade without reserve. This is the government's normal concern for citizens. And technically it is easy to implement. We also need Steps 3, 4 etc.
Wouldn't it be better if you watched your money and stopped prying into other people's pockets?
Your answers are strange, and it's not clear to whom they are addressed.
Are you already celebrating?
Do you even know a little bit about the subject? Well, at least understand that Forex and the stock market have nothing in common? Read Andrew Vedikhin (for example, "Forex in First Person"). This is essentially one of the founders of the modern forex market. He explains it all perfectly.
The DC will not be sawing off the bough it is sitting on.
That is understandable. But we are talking about state regulation of Forex in the Russian Federation - for the safety of citizens. If there are laws, the brokerage companies will be obliged to comply with them. The state needs not just trade licenses and then wipe them.
Wouldn't it be better if you watched your money and stopped prying into other people's pockets?
Wouldn't it be better if you watched your money and stopped prying into other people's pockets?
I agree - if you keep 75% of your money in reserve, your profits will be 4 times lower.
But in relation to Forex newbies we should not talk about their lost profits, but about reducing their losses. It is not a secret that many traders with more than a few years of experience do not know how many lots can be bought/sold, e.g. EURUSD for USD 1000 at 1:500 and after how many pips a broker's stop-out will be (e.g. 20%). And who has seen a 5000 pips tick out on a 5-digit tick in the real world? And who has experienced the decrease of the broker's leverage during the news volatility? And who experienced a terminal disconnection when a position should be closed? And who has experienced loss-making positions being closed unilaterally by a broker? Yes, it's all written in the broker's regulations - but they start reading it after a 100% loss.
So - a compulsory MM up to 4 years experience is justified.
That's right!
Not right at all. When housewives try to trade and lose, they make a fuss, even though it is their own fault: they have gone where they do not belong. And they blame it all on dealers and brokers. So before you open an account, it is a good idea to be at least tested on the basics of trading.
Do you have any understanding of the subject at all? Do you at least understand that forex and the stock market have nothing in common? Read Andrei Vedikhin (e.g. "Forex in First Person"). This is essentially one of the founders of the modern forex market. He does a great job explaining everything.
Read my post again and point out where I claim otherwise.
Do you have any understanding of the subject at all? Do you at least understand that forex and the stock market have nothing in common? Read Andrei Vedikhin (e.g. "Forex in First Person"). This is essentially one of the founders of the modern forex market. He explains everything very well.
Actually, the FOREX market was set up by the USA.
He was born in what year? I would not be surprised if he was born before the date of the organization of the market. Well, maybe he was 10 years old.
Actually, the FOREX market was set up by the USA.
And Andrei Vedikhin is not even on Wikipedia. What year was he born? I would not be surprised if he was born before the date the forex market was organised. Well, maybe he was 10 years old.