The future of the Forex industry - page 4

[Vasiliy Pushkaryov]

SanAlex:

Is it going to be a cycle like this again, that they are going to jail for currency?

Why not? Maybe not lock up everywhere. But punish or prosecute..., there were already waves last year

[SanAlex]

Vasiliy Pushkaryov:
Why not? Maybe not plant everywhere. But to punish or prosecute..., there were already waves last year

well, at least we relaxed for 30 years - we wouldn't want to be banned again.

[Giorgio5]

Still, forex is a very interesting game and a way to make good money. The essence of the idea of an easy and financially independent life. There is nothing more pleasant for the soul when you see a growing profit of several thousand dollars, which in a few days exceeds a dozen. And the euphoria is when you switch on your trading terminal and you don't see open positions, but you see your deposit has increased a couple times.

[Giorgio5]

pribludilsa:
And in rich countries, most of the dumb people drain the money and run to court. So the concern of a dumb government is to impose bans or cut back on leverage. Any regulation of this kind will only have a negative effect on reputation because it is a blow to freedom. A normal person does not need the aggressive care of fools. The future is offshore.

There is no future for offshore. The future is behind honest DTs.

[pribludilsa]

Giorgio5:
There is no future for offshore companies. The future lies with honest brokerage firms.

it is not a contradiction

[Uladzimir Izerski]

In all areas of activity where profits can be made, middlemen emerge.

Forex is for the long haul, just like card games.

[Wizard2018]

Giorgio5:
There is no future for offshore. The future lies with honest brokerages.

In current realities - an "honest DC or broker", technically can only exist offshore.

[Uladzimir Izerski]

Wizard2018:

In current realities - an "honest DC or broker", technically can only exist offshore.

And offshore exists to avoid taxes and evade the laws of their countries.

[Giorgio5]

pribludilsa:

it is not a contradiction

Technically, yes. In practice, no.

[pribludilsa]

Uladzimir Izerski:

And offshore exists to avoid taxes and evade the laws of their countries.

So taxes are nonsense, pure tribute. When I go to a factory and pay tax, I can understand. The state took part in building the infrastructure there and so on, provides the right, yes, tax. But if you earn money on Forex, what does the state have to do with it? Pure robbery is legalized. I am not against taxes per se, but we need a fair system. Like in the Cayman Islands, a tax in a shop on the price tag. The poor man pays little because he bought the grits. The rich person pays a lot because he bought a Mercedes. Property taxes in general deny the concept of private property. Why should someone pay for a car or a house if he bought it with his own money? Property tax, did they build you a house or not, you built it yourself? The first society that understands that they need a fair tax system, they will win, and offshore companies realize and make a fair and simple system. They will develop.