How do banks/FX firms make money dealing FX? http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! And actually the question should be how do banks and bureaus make big money from exchange rates? How do banks earn profit on spot trading in the forex market? How do banks trade in forex market? Banks do make big money from exchange rates. A dealer is someone who is in the middle of order flow and this is a different game. This is how these banks and fx firms make their money as opposed to speculation.
How do banks earn profit on spot trading in the forex market?
Let's say USD/JPY is trading at 113. Say someone makes an order for 1 billion dollars worth of Yen. In the interbank market we've got a bid price of 112.999 and an ask price of 113.001. (i.e. really tight). But the bank might quote you 113.25. This is the dealer's cut. The FX dealer also has some room for speculation as more client orders come in.
How Forex Brokers Make Money? ☝
Why? Suppose you need to exchange GBP50,000 into EUR and you only have sterling in your account? Or suppose your bank supports multi-currencies - you have one account with GBP50,000 and another with EUR1000. Suppose, you want to convert some of the GBP into EUR because you live in Spain, what do you do? Many call the bank and ask for a quote to convert an amount into, say, the EURO at the prevailing exchange rate. The bank will be happy to provide this service as they can get say, a 2% interchange fee on the deal!
K.B SINN worth as much other profession nowadays. Traders work for companies in finance dept, can predict crashes, changes in prices. unless you are working for environmental focused company, chances are you add no value to society as well
+johnny walker yeah....I just don't get them. You see nobody asking (even worse, DEMANDING) someone how to become a pilot, surgeon, precision welder, special forces soldier etc - but yet there are armies of people roaming around believing that becoming a consistently profitable trader takes any less time. I guess it explains why at least 90% of retail traders lose money: 90% of them are lazy.
@Manoo42: easy there lad.......Mark is working like a donkey produce high quality content for the widest audience possible. For free. If something is not to you liking then just click away. Commenting "worthless" is utterly disrespectful. As a footnote: if you are here to have someone "tell you" how to make money trading.....do yourself a favor. READ. LEARN. TRY. FAIL. DO IT AGAIN. WORK AT IT. DEDICATE YOURSELF. etc etc etc....Until you di all that, and are looking to improve your results....you may want to avoid being a troll online. Good luck & happy trading (if you ever actually get to that)
13,500,000 GRAM Plan to sell.
Telegram Open Network.
Multi-blockchain Proof-of-Stake system.
About Telegram Open Network.
Instant Hypercube Routing TON blockchains use smart routing mechanisms to ensure that transactions between any two blockchains will always be processed swiftly, regardless of the size of the system. The time needed to pass information between TON blockchains grows logarithmically with their number, so scaling to even millions of chains will allow them all to communicate at top speed.
TON Services TON Services provides a platform for third-party services of any kind that enables smartphone-like friendly interfaces for decentralized apps and smart contracts, as well as a World Wide Web-like decentralized browsing experience.
TON DNS TON DNS is a service for assigning human-readable names to accounts, smart contracts, services, and network nodes. With TON DNS, accessing decentralized services can be similar to viewing a website on the World Wide Web.
TON Payments TON Payments is a platform for micropayments and a micropayment channel network. It can be used for instant off-chain value transfers between users, bots, and other services. Safeguards built into the system ensure that these transfers are as secure as on-chain transactions.
The Telegram Team will rely on its 10-year experience in building user-friendly interfaces for tens of millions to create light wallets, exchanges, and identification services that will allow users to get on board with cryptocurrencies in an intuitive way.
Please, pay your attention that Cointelegraph is not responsible for the information on this ICO as there was no official statement so far. There is no official site either.
Telegram recently announced it would launch an ICO for its blockchain platform.
TON aims to deliver a fast, scalable blockchain with support for decentralised applications, distributed file storage, and micropayments.