November 2011
Beginner
335 pages
9h 33m
English
About 120 currency brokers exist in Japan, down from 500 in 2005 and all offer leverage that can be as high as 400 to 1. Japanese accounts traded $302.5 billion a day according to the 2007 Triennial Report. The Japanese have a long, long history of active trading and the modern day is no different. Yet the governing arm of the currency markets, the Financial Services Authority in Japan is currently proposing to limit margins to 50 to 1 in 2010 and 25 to 1 in 2011. The Bank of Japan released a report in 2008 and found that one tenth of all spot trades were transacted by margin traders, so the trading public is firmly against these proposals almost by a 70 to 30 margin according to recent polls. The most famous ...
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