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[Razor1911]

The banks, particularly the investment banks largely take part in forex transactions. Such transaction are not for any trader or broker related, it's just normal financial transaction that includes transaction with foreign banks, investing aborad etc. Such transaction are not very large as compared to the overall market volume which goes into trillion dollar in forex market.

 

[dorcasy]

Forex means foreign exchange and as a forex trader you might have come across the term BTMM which "Beat the market makers" this is the pattern at which the bankers trade. Normally as a trader when you spot reversal you feel the tenacity to enter the trade,the banks don't trade like that they wait for a divergence or a higher high as the case may be.

 

[Kennysplash]

Actually i think forex trading is what accounts for 60 percent of their profits. They have experts in the technical room that deals with trading, that is their sole work. Since they have a lot of capital at their reach, they make more profits. Most times the profits banks make from forex trading is more than their normal transactions.

 

[Wisdom01]

Definitely the banks also trades in the forex markets ,I think it's through that opportunity they get enough interest to pay investors that are investing on saving on the back section ,so that's how they get money from ,so banks trades just like every other financial institution to also trades in the forex market to earn

 

[Wisdom01]

I never knew about this that banks do take part in crypto trading since it has to do with exchange and transaction with foreign banks and I was thinking that such transaction is going to be large like the normal forex market but I really understand it now and how it works.

They also partake in foreign exchange transaction ,most times they could end up in profit , exchanging different currency for their local currency ,so they particularly trade and they have experts who actually do the trading for them they actually would take in less stress

 

[btaliat]

Banks are even the main players when it comes to forex. It is called foreign exchange market and banks deal with foreign transaction which leave them with no option than to be dealing in forex. They have some brokers and experts who trade in forex on behalf of the banks.

 

[ashim kate]

There is a term that is widely used in the cryptocurrency industry which is institutional investors and it is used to describe platforms like banks who have a lot of money in order to trade with. A lot of countries have actually banned this kind of activities especially from government institutions because they always tend to try to manipulate the market in their favor.

 

[Kingsleyy]

Banks are even the main players when it comes to forex. It is called foreign exchange market and banks deal with foreign transaction which leave them with no option than to be dealing in forex. They have some brokers and experts who trade in forex on behalf of the banks.

Lolz , I read on news concerning this that some banks do also trade forex with expert and they also invest in stock, I'm sure they are really on profit ,yeah and I do not say anything wrong with it, everybody are just looking for an opportunity to make money and improve their life that's all , as long as they do it legally.

 

[btaliat]

Lolz , I read on news concerning this that some banks do also trade forex with expert and they also invest in stock, I'm sure they are really on profit ,yeah and I do not say anything wrong with it, everybody are just looking for an opportunity to make money and improve their life that's all , as long as they do it legally.

Forex is legal and there is nothing if banks use customers' money to do another business. The only problem will start if they are unable to provide their customers money when they request for it. I am sure if people ask you to keep $7500 with you on their behalf, you may want to use the money to make more money.

 

[Kingsleyy]

Forex is legal and there is nothing if banks use customers' money to do another business. The only problem will start if they are unable to provide their customers money when they request for it. I am sure if people ask you to keep $7500 with you on their behalf, you may want to use the money to make more money.

Well I may only use the money to invest in cryptocurrency especially now that we have a serious drop probably in the future when the person's needs the money I may be able to return the money with interest, that's a huge amount of money you can even invest in potential cryptocurrency and there is a possibility of gaining 50% of the money within a short period of time.

 

[btaliat]

Well I may only use the money to invest in cryptocurrency especially now that we have a serious drop probably in the future when the person's needs the money I may be able to return the money with interest, that's a huge amount of money you can even invest in potential cryptocurrency and there is a possibility of gaining 50% of the money within a short period of time.

I only asked the question to justify the reason why banks do engage in forex. No sane people will keep much money on behalf of another person without even think on how to make use of the money for sometimes to generate money for himself. If it is me, I will stake some of the money in crypto, buy coin with some and trade with some.

 

[kayode10]

Financial institutions like banks are the chief forex traders in the market place. This is the one of the ways they are making use of the money deposit to them. the make use of the money deposited with them to trade forex in order to make more profit and share it among themselves. They have access to one of the top trading signals in Forex and they make use of this to their own advantage. An ex-banker in my country stated that he is capable of making over $600000 for me his backyard as a forex trader. They use other people's money to trade forex and give them small amount in return.

 

[Kingsleyy]

I only asked the question to justify the reason why banks do engage in forex. No sane people will keep much money on behalf of another person without even think on how to make use of the money for sometimes to generate money for himself. If it is me, I will stake some of the money in crypto, buy coin with some and trade with some.

Oh , I was thinking that you use it to buy clothes , expensive shoe for yourself and start using it as your monthly feeding salary. Lolz that is how most Nigerians will be doing with the money and when the person is in need of the money that is when they will start looking for an opportunity to raise the money and return to the owner.. lolz.

 

[Kingsleyy]

I only asked the question to justify the reason why banks do engage in forex. No sane people will keep much money on behalf of another person without even think on how to make use of the money for sometimes to generate money for himself. If it is me, I will stake some of the money in crypto, buy coin with some and trade with some.

Oh , I was thinking that you use it to buy clothes , expensive shoe for yourself and start using it as your monthly feeding salary. Lolz that is how most Nigerians will be doing with the money and when the person is in need of the money that is when they will start looking for an opportunity to raise the money and return to the owner.. lolz.

 

[btaliat]

Oh , I was thinking that you use it to buy clothes , expensive shoe for yourself and start using it as your monthly feeding salary. Lolz that is how most Nigerians will be doing with the money and when the person is in need of the money that is when they will start looking for an opportunity to raise the money and return to the owner.. lolz.

This must be sarcasm or a joke. Who in his sane mind will use that kind of money for what you said. Though I am aware that people always engage in frivolities even with money that doesn't belong to them. And they end up incurring debt upon themselves when they would be unable to provide the money.

 

[Kingsleyy]

This must be sarcasm or a joke. Who in his sane mind will use that kind of money for what you said. Though I am aware that people always engage in frivolities even with money that doesn't belong to them. And they end up incurring debt upon themselves when they would be unable to provide the money.

Hahahahhahah, it is a joke sha , but don't just be surprised that people might even do it just like I have just said . Even in your life there are some people that you will never trust with your money no matter how trusted they might appear to be, you know them and when you are dealing with money you can never trust them
with anything , those are the sort of people I am talking about.

 

[btaliat]

Hahahahhahah, it is a joke sha , but don't just be surprised that people might even do it just like I have just said . Even in your life there are some people that you will never trust with your money no matter how trusted they might appear to be, you know them and when you are dealing with money you can never trust them
with anything , those are the sort of people I am talking about.

You are right. I have a friend that always risk every money you keep with him. I don't have problem with people taking risks, I only have issue with those that take risk without proper research. There are many times that he has lost my money I kept with him on some of this investment scheme especially betting and high yield investment platforms.

 

[Kingsleyy]

You are right. I have a friend that always risk every money you keep with him. I don't have problem with people taking risks, I only have issue with those that take risk without proper research. There are many times that he has lost my money I kept with him on some of this investment scheme especially betting and high yield investment platforms.

Personally I do not trust or engage in any business with people I know Are addicted to bettering because that is just a waste of money, but why will people just choose to invest your money on something as risky as betting when they are hundred percent sure that the change of winning is just 50 Percent the same as losing.. if those people comes into my life I can't really trust him with money no matter how they may to be.

 

[btaliat]

Personally I do not trust or engage in any business with people I know Are addicted to bettering because that is just a waste of money, but why will people just choose to invest your money on something as risky as betting when they are hundred percent sure that the change of winning is just 50 Percent the same as losing.. if those people comes into my life I can't really trust him with money no matter how they may to be.

You may not know what people are capable of doing untill you test them with money. It will amaze you that those that you think you can actually trust with money may do worse when you have them money. I wouldn't have given him money if I was sure that he was going to risk the money on betting.

 

[Wisdom01]

There is a term that is widely used in the cryptocurrency industry which is institutional investors and it is used to describe platforms like banks who have a lot of money in order to trade with. A lot of countries have actually banned this kind of activities especially from government institutions because they always tend to try to manipulate the market in their favor.

ONCe tHe Bank start having that huge amount of asset they could truly manipulate the price ,but it seems right now that most banks are adopting more, only that I haven't seen anyone who have invested in it ,they are more interested in institutional investors too