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Keep in mind forex prices are all gambling anyway. These prices are the opinion of a relatively small number of people, some of whom - like certain well known
by TheOtherHobbes 4y ago
Keep in mind forex prices are all gambling anyway.
These prices are the opinion of a relatively small number of people, some of whom - like certain well known banks - have a long record of bad faith price fixing.
For example:
https://en.wikipedia.org/wiki/Libor_scandal https://en.wikipedia.org/wiki/Libor_scandal
- blibble 4y ago> These prices are the opinion of a relatively small number of people complete rubbish, FX is the most liquid and actively traded instruments there are
- neilpanchal 4y agoYes. > In terms of trading volume, it is by far the largest market in the world, followed by the credit market. Furthermore: > Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, Forex has little (if any) supervisory entity regulating its actions. https://en.wikipedia.org/wiki/Foreign_exchange_market https://en.wikipedia.org/wiki/Foreign_exchange_market
- wyager 4y agoTotal nonsense. Forex markets are extremely liquid; narrow and deep. Right now, I could exchange 3M USD for euros (or vice versa) and not even move the price by $0.0001.