UNIJOS MTL COMMUNITY - Page 10

Regular football news doesn't move the forex market. However, major tournaments can temporarily increase demand for a country's currency through tourism, spending, broadcasting revenue, and betting activity, though the effect is usually small and short-lived. What consistently moves forex are central bank decisions, inflation, employment data, GDP, geopolitical events, and market sentiment. So I'd treat football news as background noise unless it has a measurable economic impact.

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@asuquokelvin - 3 months ago

Quoted - wavey_

Thats my fear oo… I thought they had brokers in forex abi how does it work with the brokers, I thought they had they give out a percent of the money

forex brokers don't profit by taking a percentage of your winnings. They primarily earn through the spread (the difference between the buy and sell price), commissions on some account types, and sometimes overnight swap fees. So whether you win or lose, they still get paid for providing access to the market. The bigger concern is choosing a well-regulated broker, because execution quality and transparency matter far more than worrying about brokers sharing in your profits, and there are many brokers you can choose from but do a good research about the broker before using the platform e.g we have. Exness, HRM, vantage, octafx, etc do your research properly on them

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@wavey_ - 3 months ago

Quoted - asuquokelvin

forex brokers don't profit by taking a percentage of your winnings. They primarily earn through the spread (the difference between the buy and sell price), commissions on some account types, and sometimes overnight swap fees. So whether you win or lose, they still get paid for providing access to the market. The bigger concern is choosing a well-regulated broker, because execution quality and transparency matter far more than worrying about brokers sharing in your profits, and there are many brokers you can choose from but do a good research about the broker before using the platform e.g we have. Exness, HRM, vantage, octafx, etc do your research properly on them

Oooh… Thank you very much.Also, can someone who is not a trader be a broker? Let’s say an influencial and wealthy person

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