The fact that Forex exists in Russia is known to many. But much fewer know what exactly it is. Hardly anybody knows on what conditions and by what risks to Forex it is possible to join, being the Russian. Possibly, even among financial officials and economic deputies there are few who know it. Nevertheless, this market grows in our country, and quantity of its participants – people, playing on it though yet does not exceed those who preferred the share market, but is quite comparable in the order. Only here, by the way, nobody will precisely tell, how many such brave companions in Russia and how much money is turned there. It is said that about 50 or even 75 thousand of people are on Forex trades.
In general there are no problems on Forex, but not because they are not present in a reality but because there is no market from the legislative point of view in Russia and it means that there is also no statisticians, there are no guarantees, except a good will of its participants. Thus nothing disturbs tens of thousand of people in this market to play despite the fact that economic risks there are one of the highest. Nothing prevents the brokers to accept quite real money from clients into accounts. Almost anything – except the same good will — does not prevent to manipulate potentially the rates or at all to disappear with client money. Nothing prevents the managing directors to prosper in this market and to guarantee profitableness – a thing already practically not imaginable in our share market. Almost nobody is confused that your professional intermediary will legally be in a zone of offshore regulation, or, for example, that all arguable matters should be settled no nearer than in the London arbitration court. And as guarantees of safety of the client deposit from roguish encroachments the license of Federal agency on physical training, sports and tourism will act! – The organization and the maintenance of totes and gambling institutions. In general, there reigns the full freedom in the Russian market of Forex trades.
It is often possible to hear objections that Forex offices are not the subject to direct state regulation in the West. They say that this market is special, free and off-exchange. Trade on it is made by means of phones and the Internet. Each company-dealer, as a matter of fact, is itself the market for the clients. And in general real purchase and sale of currency here does not occur, therefore and there is almost nothing to regulate. Game is such, hazardous-economic, not for outcasts, but for intellectuals.
The currency market on a global scale is not really the subject of world regulation. But the relations of the broker with the client in the decent countries are even very much. Financial operations from a gaming are accurately separated. And efforts are applied jointly by both the state, and professional community.
So it is necessary to do something with this market in Russia by all means until the active advertising of bookmaker and offshore offices has not involved a considerable part of economically active population.
As in any other niche of our life Forex needs some knowledge.
Of course, you can start forex investment and be quite successful in it. But sooner or later the losses will come. It is precisely when you might think “Why didn’t I start with a good forex trading education?”
This does not imply that after reading even the top materials you will start making money, but this knowledge will save you from many troubles. And even if you decide to get the help of a managed forex trading service, still you will be able to make a much wiser decision.
And a final piece of advice – today the Internet technologies give you a truly unique chance to choose what you require at the best terms which are available on the market. Strange, but most of the people don’t use this chance. In real practice it means that you must use all the tools of today to get the info that you need.
Search Google or other search engines. Visit social networks and check the accounts that are relevant to your topic. Go to the niche forums and participate in the discussion. All this will help you to build up a true vision of this market. Thus, giving you a real opportunity to make a wise and nicely balanced decision.
P.S. And also sign up to the RSS on this blog, because we will do the best to keep updating this blog with new publications about Forex market.
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