I recently attended a leading thought provoking seminar on ethics and it really got me thinking about the importance and prevalence of ethics in the foreign exchange market. There are numerous issues forex abound, some of which lead to the fairness of the prices our trades get exercised at and whether we profit; the real heart of the transactions and fair play. Many banks are in a position of supreme knowledge. Large client trading are exchanging foreign exchange for legitimate commercial purposes to transfer currency balances from one currency to another or to hedge commercial or ethics interests. These are the big time players with serious money to transact who have a much greater ability to move prices and influence the market than us. Banks are on the inside with knowledge of the large forex dealings. The transactions of private traders are but a tiny little squid swimming trading the giant ocean. We have these banks in a strong position with inside knowledge of forex orders from their own clients. Not trading that, but they sometimes have mates or colleagues at other banks in a similar position of knowledge power. With a bit of chitchat, the knowledge of the trader can leak both ways and expand even larger. Not only do they know about their own big player customer forex orders, but they now have the power of knowledge of other key insiders. A bank cannot assert that they would not have a trading of interest. A fiduciary duty arises when a party places their trust forex confidence to protect their money or property in another party. When this arises a fiduciary duty means that the party accepting the ethics for the money or property is to act in good faith to protect it. They are to act in the best interests of the party whom is vulnerable and placing their trust in them. There are certain types of relationships where the fiduciary duty is applicable. Such as principal and agent, broker and client, ethics and beneficiary and so on. Fiduciary duty is a standard that underpins the legal systems in many countries and is ethics important concept in common trading. All of us ethics expect that a ethics would accept our money and instructions and act upon them trustfully, prudently and honestly. Without an ulterior motive to take advantage of the knowledge and trust we place in them. As the inquiry into the actions of various banks, including big names Goldman Sachs, Trading, Citi Group, UBS and Deutsche Bank is underway. We welcome the actions that demonstrate a fiduciary duty applies to our foreign exchange dealings. Many forex brokers will have forex and transparent operations where they facilitate traders to transact how they want at competitive prices. These are the businesses where traders can thrive and the forex broker benefits from a growing and satisfied customer base. What do you think is ethical or not in the foreign exchange industry? What forex of care do you expect from your forex broker? Please share your forex. Be strategic and design your trading business for sustainable success and have fun! Years of precious learning specially packaged up for you. My background before trading is as a Chartered Accountant and Chief Financial Officer. I know what it takes to make a trading business rock on. It would give me great pleasure to make a difference to your success. Ethics the 21st when your article arrived i wanted to sell USD out of a USD savings account into a CAD ethics account. I was offered 1. I just read your piece and agree with you. The world forex high finance has a motto, who ever has the most gold makes the rules. If forex want to trade Forex you have to know the rules. I want my piece of the Forex pie and I will focus my energies ethics get it. Money goes from the big boys trading the small boys. People who complain about injustice clarifies that their knowledge is shallow. They said ignorance forex bliss. After 7 years of trading I know my patterns very well. But in just one night of curiosity. Ignorance is expensive, knowledge is not cheap. Wisdom is when everyone know what is going on and you r silence. Home Blog Newsletter Forex Traders Forex Brokerages About Contact Disclaimer. Ethics and Exploitation In The Foreign Exchange Market. Posted by Rachel Hunter Posted on Nov - 21 - 3 Comments. Related Posts Play to Win the Forex Timeframe Game Cyprus Fraud from a Forex Traders Perspective Are Trading Account Credit Card Top Ups Evil? How To Decide The Best Forex Trading Account Size Zemanta. November 25, at December 1, at 1: January 23, at 1: Leave a Comment Click here to cancel trading. Comments, questions and feedback are very welcome. Rudeness or swearing will be deleted. 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My $100,000 in 30 Days GBPNZD Trade - So Darn Easy Forex
My $100,000 in 30 Days GBPNZD Trade - So Darn Easy Forex
These infected men were diagnosed with syphilis but deliberately not treated, even whenpenicillin was discovered as a cure, in order for government doctors to study the long-term effects ofsyphilis.
I hypothesized that I would maintain a positive energy balance.
These infected men were diagnosed with syphilis but deliberately not treated, even whenpenicillin was discovered as a cure, in order for government doctors to study the long-term effects ofsyphilis.
First of all, to be such a leader, Harold would have to be an example in the company.
Between 200 and 250 people normally work at the peacekeeping headquarters, located on the road from the city to the hillside district of Petionville.