The market for trading in currencies, a real boom of interest and new traders who every day are discovering the benefits of the currency market, followed by an exponential growth of online brokers. Today is currently experiencing a major consolidation phase.
But how many brokers are able to tell the truth 'in this market to newcomers? What you should know before you open an account on this market?
"The market of forex, the most 'liquid in the world with trillions of volume traded per day, and very high chance' of profit." Unfortunately, there still happens to read phrases like this around the net and the sites of brokers. Unfortunately, precisely. In reality 'of a few facts you explain that these statements are based on a basic misunderstanding. Indeed, the retail trading on the forex retail and 'OTC (Over The Counter). In short the market without a home. A market without symbolic buildings & servers, and centralization of orders.
This reason justifies the fact that the A broker at a certain time is flying the Euro / Dollar at 22 while another offers it to 26. Likewise this explains that your trades are processed from a dealing desk that you confirm the price or could riquotare. But above all it means that you will not be even a part of that statistic. The selling techniques of many brokers and line management still based marketing strategies on these concepts sometimes misleading and not very ethical.
But then so would be 'bad to say the truth' to the young of forex trader? In fact when you open a retail account, all orders are normally received and handled by the dealing desk, which (under normal conditions) should provide their own coverage on interbank circuits. But it would be equally attractive to a potential client to open a trading account with a dealer and that the market and its prices will be determined by the dealing room?
I certainly do not make the forex attractive to the masses of young investors. For this reason, some brokers have a tendency to want to make you believe that you are the most liquid market in the world, open for 24 hours. For the sake of clarity, this does not mean we then say that it is so 'not to betray the currency markets through a dealer . Indeed for small traders the benefits are manifold as the ability 'to open an account with minimum figures, the lever normally more' high, the chance 'to mini and micro lots, the lack of commissions for the benefit of the spread.
All of which interbank circuits (just for banks) would make it impossible to access for small retail traders. E 'and a requirement (at least ethically) that your broker you explain what kind of bid offers and give you a sincere view of the type of tool that will go to operate. While not representing a major flaw, in our opinion this could be indicated as a first sign that your broker is not 'completely honest to you.
Forex: 9 million stories?
G8 new agreements for the global economy.
The great earth, gathered in the G8 Summit, have betrayed the expectations. The new joint project, called "Global Legal Standards," will see it the biggest global economic powers engaged together in the fight and in contrast to every protectionism in the fight against tax havens and the allocation of greater importance than in the past , work and employment.
Stop, then, the money at the center of economic development, so, instead, to man and work at the center of economic growth and sustainable development. With the approval of the economic statement, the G8 countries may now report to the G20 next month of September in Pittsburgh for the large-scale sharing of rules and actions that will finally close the game with a financial and economic crisis that does not must be repeated.
The new code will ensure the development of the economies of most industrialized countries and emerging ones, must thus be based on ethics, integrity and transparency, and the whole of the crisis, in the era of globalization, can not afford more the adoption of local, but global and supra-national. In essence, the Heads of State and Government of the G8 have agreed that work developed in the G8 financial Lecce, and this will leave for the new rules that can not be written and rewritten in one fell swoop, but with which soon finance professionals need to begin to confront and adapt.
The Italy, in what surely represents a great success against the prevention of systemic crises, has made and will continue to make a great contribution in the wake consolidated relations with the United States. The President of the United States, Barack Obama, in fact, sweeping away every argument mounted by the international press, has openly acknowledged the leadership of the G8 on issues, and has promised the economic intervention of the U.S. in the areas affected by the earthquake dell'Abruzzo .
The Global Legal Standard "" really "in the direction of" Caritas in veritate ", the encyclical of Benedict XVI on social issues and the economy, highlighting the need to combine solidarity to profit for a fairer world, and for the dignity of every human being that should be guaranteed a decent job. Another important agreement signed in the first day of the G8 also the contrast to climate change, given that the countries will strive to break down by 50% by 2050, emissions of carbon dioxide, which must be based on the capabilities of individuals countries, including emerging that most of all when are contributing with their emissions to global warming.
And on it, was signed the commitment to hold a maximum of two degrees Celsius global warming as a result of emissions of greenhouse gases.
