Romanians dream about making money on forex market

Over 100 investors, company managers and traders yesterday attended the seminar on international capital markets in 2011 organised by Ziarul Financiar in partnership with international investment bank Saxo Bank, thus confirming Romanians’ high interest in foreign currency investments and foreign shares.

In the past three years, the forex market has gained popularity among Romanians, although few of them understand the rules of the game and that the market is not regulated or supervised in any way. The high degree of complexity of the market has a lot to do with the fact that Forex started out as a market dedicated exclusively to bankers and to institutional investors.
The myth that on the Forex market one can earn hundreds of thousands of euros with just 1,000 euros thanks to leverage made Romanians overlook the aspects that have to do with regulation and supervision. However, globally, increasingly more investors choose to trade on the Forex market.
“The Forex market is by far the most accessed product. Saxo Bank registers about 170,000 currency transactions a day,” said Mihaela Țapu, SE Europe manager of Saxo Bank, during the seminar.
Saxo Bank is one of the biggest brokers on the forex, commodities, stock and derivatives markets in Europe, providing its own online trading platforms. On the Romanian market, Saxo Bank is present through online trading platforms and consulting services.