Thousands of Romanians have been attracted in the past few yearsby the mirage of the big gains you can make in a very short span oftime via Forex transactions, which offer the benefit that you canconduct transactions several hundred times larger than you could ifyou used only your own money.
Brokerage firms that intermediate forex transactions allowinvestors to do margin trading. So, for one euro brought by theinvestor, the broker credits the client with 99 euros or even with499 euros in certain cases. This way, investors' profits, as wellas their losses increase hundreds of times because the brokerbasically supplies almost the entire amount used in thetransactions. In this way, Romanians ended up trading severalhundred thousand euros' worth of foreign currencies on theinternational markets.
The name "forex" encompasses all the world's foreign exchangemarkets and allows investors to bet on the appreciation ordepreciation of a currency against another.
"The Forex market is enormous, it's practically the biggestfinancial market, which means it is very difficult to manipulate.So technical analysis is applicable on this market and there are noliquidity problems for the major currency pairs. Trading platformsare easy to use, but unfortunately there is a very high risk thatgoes with it, the forex market being one of the most difficultfinancial markets," says Luca Dezmir, an eager Forex trader.
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