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Retail investors fail to understand FX | Money Management

Gillham said, while these products were marketed as being ‘commission-free’, clients had two major misunderstandings of how the system worked. “What most retail clients fail to understand is that when they trade with a broker who is a market maker, they decide on the spread between the bid and ask price. Typically, this spread is much larger than a broker who mirrors the underlying asset. What this means is that the profits you could make amount to a lot less and your losses are much larg...
Shlomo Yoshai Dale Gillham Investments Commission Wealth Within Forex Capital Trading Federal Court

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