should FX / Forex Market be more regulated?
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This entry was posted on Tuesday, June 30th, 2009 at 8:12 am and is filed under forex trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
June 30th, 2009 at 8:12 am
HI
I don’t think anyone can really regulate the FOREX market. It is exchange of currency from anywhere in anyplace in the world. Which is very much driven by economical climate.
Many countries have tired many times to regulate or interven the currency market, like Bank of Japan to protect the YEN (BOJ waste billions trying to influence of regulate the rate of YEN) or Malaysia in the 1997 crisis in Asia.
Hence, placing regulations might not helps the overall economy or might not even be helps. Of coz it would to some extend protect currency of weak or small economies.
My 2 cents.
June 30th, 2009 at 8:12 am
No they shouldn’t.
The only market which can’t fail is the FX market. That’s because floating currency rates represent the economic climate of a country. What would be the point of regulating such a large market? If the equity markets fail, businesses collapse, if the commodity markets increase in volatility businesses collapse. But how can the FX market fail? Zimbabwe is the best example of how the market couldn’t fail. They had like a billion percent inflation? That basically destroyed their currency and their own businesses. It showed the economy is unstable and weak, a bad place for investment. DId the incredible inflation rates interupt world businesses though? Ofcourse not.
June 30th, 2009 at 8:12 am
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June 30th, 2009 at 8:12 am
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June 30th, 2009 at 8:12 am
No, it’s already regulated enough in the US. The NFA sets requirements for broker’s capital requirements and truth in advertising, for example. It’s important to oversee the broker’s operations, but important not to regulate the way traders trade.
June 30th, 2009 at 8:12 am
Nope. Any trade is an agreement between two people that some commodity is worth some price. The buyer has the opinion that the commodity will be worth more in the future and the seller that the commodity will be worth less in the future. You can’t regulate opinions.