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According to the Central Russian Bank official, Sergey Shvetsov, Russian Forex law to limit beginner Forex traders can soon become a reality. Moreover, he speaks about the common myths about Forex market in Russia. Binary options brokers.

On August 17, 1998 the Russian Government and the Central Bank of Russia declared a default on government short-term bonds (GKOs). Forex no deposit bonuses, followed by the withdrawal of profits. The event lead to dire results; Russia’s financial system collapsed and the entire economy was essentially struck as dangerous political crisis unravelled. Analysis: a Year into Russian Forex Regulation, Bank of Russia’s Filter is Low; Analysis: a Year into Russian Forex Regulation, Bank of Russia’s Filter is Low. Developed and voted through by the Russian parliament, does not allow regulated subsidiaries to operate freely in Russia yet. To be more precise, brokers can operate, but they can.

7 July, – The Russian Central Bank is reportedly planning to restrict the growth of Forex trading services market in Russia. The news came from the First Deputy Governor of the central bank, Sergey Shvetsov. Shvetsov has expressed the views of the central bank through the online Facebook session. He has stated that the Russian financial markets regulator looks into limiting the operations of Forex trading services providers. Shvetsov has expressed the views of the central bank through the online Facebook session. Particularly, he has stated that the Russian financial markets regulator looks into limiting the operations of Forex trading services providers.

Sergey Shvetsov on Forex market myths Mr. Shvetsov has stated that investors should perceive Forex market with a more cautious approach. He further specified that there are certain myths about Forex market exist in Russia. These included: 1.

The higher the rate, the more reliable is the borrower Mr. Shvetsov believes that this statement is false. He stated (translated from Russian): “This is completely wrong.

The rate reflects not only the credit quality of the borrower but also the guarantee terms for financial instruments. The relationship between the interest rate and the risk is direct rather than the reverse” 2. Being willing to accept risks means that you will earn more 'Risk and risk management is a professional area of expertise. The higher your knowledge of the ability to assess and manage risks, the greater profits you will receive.' In financial markets and especially in the Forex market it is easy to make money because there are big returns. 'The fluctuations of the Forex market is associated with so many factors. An inexperienced investor will not be able to predict the movements of currencies.” 4.

The more you make transactions in the financial market, the better 'Maybe for your experience this is true, but definitely not for your profitability. Each operation costs money. Passive investment is no worse than active management of your portfolio.' Russian Forex law to limit beginner Forex traders Also, Mr.

Shvetsov has spoken on the regulatory matters. He has stated that the Russian Central Bank is currently implementing the negative balance protection into the regulatory rules for Forex brokers. This measure does not impact qualified investors. Moreover, he noted that professional investors should hold the full responsibility for their losses. Furthermore, he stressed that some of Forex advertising aggressive practices aim to attract amateur traders to the market. The central bank’s official stated that the authorities plan to apply careful due diligence when licensing Forex brokers.

The approach will aim to limit the growth of this business across Russia. He stated: “The growth in this financial markets sector is not specific to Russia as other jurisdictions are encountering problems with the market.” In addition, Mr. Shvetsov stated that the officials plan to modify Russian Forex law to limit beginner Forex traders. /trade-volumes-in-the-binary-options.html.

Specifically, authorities aim to make the Forex services available only to experienced investors. Therefore, Forex brokers will not be able to attract beginner investors. Think we missed something? Let us know in the comments section below.

The Russian Ruble (RUB) is the official currency of Russia and is as such the accepted legal tender there. However, outside of Russia, it is very difficult to procure the Russian ruble as most banks don’t have stock of the currency. So, if you are not able to get the Russian ruble for your trip there, it raises the question which is the best currency to take to Russia on a visit? Well, read below to find out! Which currency is best to take to Russia?

Forex Internet Bank

The best currency to take to Russia is either the US dollar or the Euro. Is it possible to trade oil on forex money. Why not the Russian Ruble?? The Russia ruble is a currency which is hard to get hold of outside Russia. Traditionally, the ruble has been perceived to be an unstable currency as there is high inflation in Russia. Also, the Russian Central Bank has low credibility among the banking institutions of the world.