Under the umbrella of sophisticated currency trading operates online sportsbooks a lot of Romanians who promise fabulous gains.
George Soros would die of envy if they are as Romanians can earn foreign exchange transactions. If the famous financier obtained a gain of "only" 10% of several billion dollars placed on the day of the pound fell, a Romanian modest profit may reach 85% within 24 hours even if the investment is millions times smaller. at least that some companies specialized brokers in online transactions, while foreign exchange markets shows that investors, acting rather as mere agents of betting. Through these platforms every Romanian, "regardless of culture and education" can be rich, allegedly by selling and buying currencies alongside the world's major banks.
Lightning initiation in the Forex market
From the experts that I called on the pretext that we are willing to gain easy, I found that Forex trading (foreign exchange market or "forex market") are so easy to understand that you wonder why they bother some people or years to study at university years only famous for the brokers to engage in anonymous bank who knows what. "No matter if you've never traded before. What if you do not have economic knowledge? is very simple. You create register. supplied with at least 100 euros and you can start to sell and buy currencies. You take a pair and ready. If you bet that the euro falls, and even falls, you win, if you lose, "explains gracious lady, employed a specialized Forex trading platform. In our naivety we asked if we have some chance of winning. "Do we exist if people do not win?" Easily irritated asks us "experts", who informs us that perhaps profit to jump 80% in just a few hours of trading.
"If you go by the straight line curve you win"
From one of the "brokers" I learned that even the notions of reading or arithmetic are not required. You only have a minimal graphic sense. Similarity with the famous "păcănele" is striking. "Suppose that chose to lower / higher. Suppose we pair euro / dollar. Press top and see that there is a graph. You have a curve and a straight line. If at the end of the day than the straight line curve you win. The right is passed over, the gain is greater. You can make 85% profit, "explains another nice lady. Just as electronic games: large or small. Nothing about that chart is actually curved in euro / dollar and" straight line ", a level established under even by the intermediary, nothing about the fact that this course is influenced by a multitude of factors and thus should be good for the investor to have some depth notions of economy, nothing about that in our case, to win 85% of amount should be placed on the euro to appreciate against the dollar a few percent better (which happens in reality only exception).
"No matter what the chart shows. Follow the straight line"
Broker but we have other games fun and downright attractive. For example, she says, we can select the "one touch", in which case we can only hope that by the end of the day will reach a curved line just once. Or we can choose to "limit" in which case Our line curve must move between two straight well represented on the screen. In translation, the exchange rate should remain at the end of the day within the limits of which we are not saying a word. We are practically free to play the blind, and that you are the very kind lady: "Yes, the chart shows the exchange rate, but that's not important. Follow the straight line. "
Forex market for all
Even more complicated concepts such as trading on margin seem a breeze after a discussion with one of the "experts" in Forex. "The minimum amount you should place it is 100 euros but with leverage, will trade actually $ 10,000, "says the third lady kind. We ask, of course, "What's that leverage?". The answer explains the situation: "This is it, one in 100 for the pair euro / dollar." Wonder if some kind of loan you take from them. We are told that if the loan was interest demanded. Ask if "we lose the leverage this more." We are responsible not. It remains only to replenish the account and ready especially since we are given a challenging example. "How much was the minimum rate Euro / dollar ? See how was the maximum. If you have bought at least and would be sold within you had doubled the amount of account ".
And yet not so simple
But in reality, say brokers true, no one, no matter how good it is, fails to buy the lowest and sell at the highest level. With regard to margin transactions, they are, despite what the operators told us, a form of interim loan from the investor and also a formula that not just anyone can understand. Represents a method that can bring gains but, as well, you can leave without a penny in your account. Suppose you decided to invest $ 100. Brokerage firm will provide a "leverage" of 1:100, that is real for every dollar invested can give you $ 100. You can thus use $ 10,000 of which own $ 100 and 9900 dollars of the company. The $ 10,000 buy euros at a rate of $ 1.27 for one euro. You buy them 7874 euro. From here on there are two possibilities: either the euro falls, where you lose money, the euro increases in case you win. Suppose the euro appreciated by 1% against the dollar. In this case, the 7874 is now worth 10,100 euros buy dollars. Return the borrowed 9900 dollars and end up with $ 200, you've doubled the amount. On the other hand if euro falls by 1% you will lose everything because the amount purchased will be worth only 9900 dollars, that is just money to be returned to the broker.
What is the truth
The reality is that in Romania, in addition to brokers like the above, there are a lot of serious companies that do not promise nor guarantee that its earnings and customer selected. Brokers these companies use roughly the same methods, but shows clearly how and gain opportunities and risks. "The risks involved in trading on financial markets are not negligible. Forex market volatility is high and in combination with margin trading with high leverage can be dangerous for a customer's account if it has no basic knowledge necessary to initiate a transaction, "said Julian ZF Rizea, manager of brokerage companies. On the other hand, the gains can be significant indeed. "risks arising from margin, and not from market volatility. use increases the risk margin, but also reverse is true, margin and multiply as can win, "said another broker. In Romania there are over 40,000 people who trade currencies online. Most couples choose to bet on the euro / leu euro / dollar and euro / pound sterling.
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