The ruble against the Hanjin account stock market leveraged dollar

The ruble against the Hanjin account stock market leveraged dollar
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I know that all the scams in our country are good, but not many. The latest news made me understand the whole situation in horror. He wrote many times. However, there are more people defending this trough (please read Forex Brokers). Every year, Russia’s foreign exchange transaction volume reaches 270 trillion US dollars, reaching 281.1 billion rubles, which is 3.3 times the size Almaden Valley cressida of the Russian economy. According to the Russian Statistics Office, Russia’s total economy is 81 trillion 412.1 billion rubles. Generally speaking, Russians attribute the earnings of this foreign exchange company to 500 million U.S. dollars, or 34.1 billion rubles. The average account size is about one thousand dollars.

The practice of providing customers with leverage (which is the key to foreign exchange services) can explain that the transaction volume of traders who attract funds is so high. In some cases, leverage can reach the level of 1 to 1001, that is, for every 1 ruble of its own funds, the dealer will provide customers with a credit line of 1001 rubles and open a position. According to the tariff plan, the greatest leverage is obtained by traders with the least amount of funds-in most cases beginners, which contradicts the practice of the stock market: for example, qualified investors with extensive experience and large deposits are there Obtained a lot of leverage. According to the study, foreign exchange customers do not understand the full scale of risk. Therefore, it is strange that most traders never think about which bank their money goes to.
According to the study, in most cases, the banks where traders open accounts are small banks in foreign jurisdictions (usually offshore) that have weak supervision and lack any credit ratings. In most offshore jurisdictions, there are no bank regulations that require traders’ funds to be separated from traders’ own funds. In fact, the client's funds are added to the foreign exchange company's funds. If there is a financial problem, the dealer's loss will be made up by the client's funds, and the bankruptcy of the dealer will automatically lead to bankruptcy of all its clients.
He quoted this article almost entirely, because every sentence is worth expressing in gold.
There is nothing else, because so many victims are simply prohibitive. Now I will explain why.
A thousand people or less than the number of citizens of the country sending money to the country, hoping to get something or just suckers in the country.
Not necessarily investors, but mainly speculators, but despite this, the number is slightly more than one million. It is impossible to compare the number of shareholders and account holders for a simple reason: According to the data of the first deputy governor of the Central Bank:

Thousands of new suction cups are updated almost every year. Every year, Russia’s foreign exchange transaction volume reaches 270 trillion US dollars, reaching 281.1 billion rubles, which is 3.3 times the size of the Russian economy. According to the Russian Statistics Office, Russia’s total economy is 81 trillion 412.1 billion rubles. Generally speaking, Russians attribute the earnings of this foreign exchange company to 500 million U.S. dollars, or 34.1 billion rubles. The average account size is about one thousand dollars.
It has hardly changed in a year, totaling about 9.1 trillion US dollars. rub. Or at least nearly 31 (!) times. If you delete it, you will actually get about 31% of the stock market. In other words, a third of the market is lost in a casino called, instead of the money in the stock market.

If a large amount of money flows into the Russian market every year, then our company’s quotation will have reached the US quotation level. And, in terms of capital, there are no comparisons between these memes and Apple or Google with the entire Russian market.
Don't give huge loans to anyone who doesn't know or don't know, causing them to drain their accounts at lightning speed. For security reasons-all foreign exchange dealers are located in offshore jurisdictions so as not to be responsible for their obligations (or just steal money).
The Shah banned FXCM, the country's largest foreign exchange broker.

As the regulator discovered, the company not only provides a way to trade currency pairs, but also participates in the game with its own customers. To resolve these allegations, she agreed to pay a fine of 7.01 million US dollars, revoke her registration in the United States, and never applied for a new license. One of the foreign exchange market makers, responsible for the maximum trading volume of company clients.

Its position in the market is opposite to that of its customers, and it is actually competing with them. The company concealed the fact that the owner of the market maker disseminating the offer was an employee serving as the managing director and deliberately provided false information to the National Futures Association to obtain registration. She misled consumers by claiming that she did not occupy a place in the market and had no conflict of interest with customers. And the third largest transaction volume in the world.

Brokers, almost no residents work in this market. This is how to close one-third of the market in one go. For foreign exchange companies, their activities are not much different from casinos. The first vice chairman of the Central Bank of the Russian Federation broadcast the news on the central bank's page on Thursday.

It is almost impossible for an untrained investor to make money. It is not aimed at people gaining adrenaline and speculating in currency, but aimed at people losing money, not at people realizing they are playing games in financial casinos. , - He says.
Open any rating or report on the foreign exchange market: there are more than 31 operating offices (!). In addition, even those licensed companies are willing to work through their offshore companies, so they have no demand. We have established a special gambling area in the country that no one has visited, but underground casinos and online casinos have proliferated.
Let the people go there and draw money. But everything will be very clear where they are going. Then people are lured to the foreign exchange market through transactions, and these participants write that the transaction (and note that this is not the same thing) is a scam. Trading is the 96-98% option of loss, foreign exchange is 110%, and investment is your capital increase. These are completely different things, and many people confuse their wallets with damage.

Turnover-The author obviously does not understand its meaning and obviously does not consider leverage. The Central Bank has authorized this event and now the Russian Federation has authorized no more than 11 offices for this event-yours is outdated and has started since the beginning of 2018. And in a casino, you are more likely to lose money than you can play in any other place.
These are people who are not shared with officials and security officials. Stupid lonely man.

Except for the above phrases, I totally agree with the author on the whole (I did not check the numbers carefully). But I want to reserve some opinions.

The first situation is absolutely unacceptable morally, and is very fragmented (for example the foreign exchange market) and relatively low liquidity situation (for example, the open market for conventional (vanilla) options, and the broker-dealer is a specific tool One of the largest market makers). In the highly liquid stock markets of many jurisdictions, this problem is solved by strict supervision of quotation rules (for example, the United States).
From my point of view, the second scenario is acceptable, especially when the customer is informed of this possibility. Moreover, the fact that a broker-dealer systematically becomes the other party to a retail trader is most common not only in foreign exchange transactions but also in European stock markets. This is provided by a contract for difference (in the US, retail investors have been banned from using it). The same contract allows you to bypass the leverage restrictions in the stock market. In fact, it is a contract (with an expiration date) between the trader and the trader, the value of which is determined by the price of the public instrument. Traders decide to use the tool itself to hedge or not to hedge such contracts. The profitability of this type of broker-dealer business comes from interesting observations, that is, most inexperienced retail dealers will observe price (and trading volume) charts based on their human instinct and incomplete understanding and receive relevant companies and/ Or public news of macroeconomic events, solutions to negative expectations. In other words, if an ordinary statistical retail trader makes a trading decision (simply generating a random number 0 or 1 for opening/closing long/short positions) without any access to relevant tool/currency pair information, then he There will be the greatest chance of success. Therefore, this is incomprehensible in terms of the fact that someone wants to take on the other side of the transaction with negative expectations. For an inexperienced standard retail trader, the best strategy is to find a partner with whom they can communicate trading decisions (but not open a position), and the partner conducts transactions that are completely opposite to these decisions. However, such a scheme lacks diversity (and has other technical disadvantages). What is unethical here is the brokerage advertisement, which promises and does not warn. According to statistics, the chance of failure exceeds the chance of success (some warnings, but people did not stop). In my opinion, it is also important to pay attention to the fact that not only the broker-dealer does not hedge the other side of the client's transaction, but many other professional/institutional market participants also reap the fruits of negative expectations. Those ones. These depleted deposits will not only flow to broker-dealers.
I would also like to say that although the humanitarian situation looks grim, it is not unique to the foreign exchange industry. I think this is completely different from what they used to say about the national economy (I definitely emphasize), when millions of people visit car services (for maintenance or irregular repairs) every year and owners with conflicts of interest tell them that something has been damaged And when it needs to be resolved, it is absolutely the same. Replace it urgently, otherwise, you will kill the car, or when you bring your smartphone for repairs, the professional recommends that you perform a deep clean at a cost of 21 rubles, or when the dentist’s teeth are healthy, it says there is caries or cleaned Stone, hardly, they say it should help keep the teeth longer, or when your relatives have a coronary angiogram, and then it is proposed to install a coronary stent for thousands of dollars in the narrowed blood vessel (according to the international Stent placement standard), and they did not report that this does not affect life expectancy in any way, or that when you go and are on the beach, you will receive deep cleansing of the liver and intestines potassium from the slag, or the entire billions of dollars Homeopathy market. Absolutely accept any industry. This is the billions of dollars that people lose every year. The market for forex brokers is a flower (homeopathy is not sold to young energetic gamblers, but to lonely retired grandmothers, their pension is about 11-13 1 rubles, excluding housing and public services , And need real medicine).
After all, it is so difficult to admit one's incompetence, and it is easier to find false confirmations that all these are lies. "No one here can make money because it is a deception. I lost not because I didn't understand anything, but because everyone was a thief!
We wrote above that they did not consider leverage and misinterpreted the concept of turnover. The central bank permits this activity, but, as the author said-foreign exchange transactions are a scam, can the central bank permit fraudsters too? Not sure if there are some good foreign exchanges? But don't they talk about him in the article? Or the author does not know what foreign exchange is? Interestingly, the dollar should be banned and banks should be prohibited from changing currencies. Moreover, it turns out that the author accuses them of being a large bank in the Russian Federation because they also provide access to the foreign exchange market.

Someone saw an advertisement about cheap loans on the Internet, clicked on the link, and found that it didn’t work for him because he was not a pensioner, but he saw a good option for a business loan and spent 3.01 million rubles , The company went bankrupt two months later, and this person said that the bank was a badass and the loan was a scam.
The largest rouble interest in the deposit table. Why do banks change the terms of the bonus plan so frequently? A banker is not a philanthropist, and banking is a business. Russia Crisis May Lead to BANK RUN as Currency Drops 50% Against Dollar!