foreign currency exchange rates
They push the mentality of investing on their clients and ensure that the money that goes in the bank is never inert and just earning percentage in interest. Of course, banks themselves have been investing for a long time, and if you didn't already know, that is what they do with your money when you put it in. The interest rate comes from an increased liquid potential you give the bank when you put your money in, and no matter how small the amount, the interest rate will always remain the same. As you figure, the portfolio or lack of one, means that the risk is null and void the bank guarantees your deposits even if it makes a loss on the market, which is quite rare since they have entire teams of financial analysts who pour over the markets before any sort of a decision is made. As time went by, people began to realise that external brokers and financial consultants would give a better rate of return and were more specialised in the field of investing; so trust transferred over to them at a large and alarming rate, which of course the banks then responded by carving sections out of the bank and hiring specialists to handle accounts. All of this changed as soon as the internet came along and the online market was made a reality.
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He uses the gambling analogy himself but wants you to place yourself as the casino instead of the player.
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In the caser of “mirror” or “social” trading, you may pick an expert or anyone else in the broker’s network and then emulate his trading decisions.
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foreign currency exchange rates