In my little experience I've realized 99% of forex trading sites are complete scams and do not allow you to withdraw your funds if you hit the jackpot.
Topic: How do we get BTC/USD on Forex? (Read 2030 times)
I'll be a little nervous when forex traders get their hands on bitcoin. From what we've seen it isn't hard to manipulate the price by using walls and holding sufficient bitcoin to artificially induce panic cycles. I'm pretty sure this is what pirate did until people caught wind of what he was up to. These individuals then priced him out of the market forcing him to default on his obligations.
An individual forex trader can shift millions in a day, the current market cap can't handle that without a wild ride. If the market cap grew to 1bn+, the affect of a million $ trade would be much smaller. In the longer term it'll help bitcoin, right now, I don't think we're ready.
An individual forex trader can shift millions in a day, the current market cap can't handle that without a wild ride. If the market cap grew to 1bn+, the affect of a million $ trade would be much smaller. In the longer term it'll help bitcoin, right now, I don't think we're ready.
One thing important to keep in mind is that Forex is not the same as trading. They do not have the same level of collateral, it's pure and plain speculation. I don't think it has such a potential to cause price disturbances.
What do we need to do to make this happen? What's the procedure and how much money does it take?
Might I add Forex is the most liquid market in the world.
https://www.youtube.com/watch?feature=player_embedded&v=LAuHBfQ4PL8#!
EDIT: It seems currencies are approved by individual clearinghouses. Forex is decentralized.
you may can try binary option,or some broker also accepted bitcoin,but i never try forex on MT 4 with bitcoin currency,but i think it all not really safe,some of people here said that binary with bitcoin is aware from scam. Might I add Forex is the most liquid market in the world.
https://www.youtube.com/watch?feature=player_embedded&v=LAuHBfQ4PL8#!
EDIT: It seems currencies are approved by individual clearinghouses. Forex is decentralized.
The forex companies have compliance issues depending on jurisdiction. This one doesnt offer btc vs usd on the platform but they will take btc to fund accounts and thats important. Theyre at www.fxprobitcoin.com
Lol does anyone have any idea how Forex brokers work, because if you did then you'd know it's not possible to implement Bitcoin trading.
Forex is, in comparison to bitcoin trading a decentralized system.
Our best chance is opening a forex exchange which happen to have bitcoins for trade. Then get recogniced and ask other exchanges for an interface.
Of course most exchanges are operated by banks...
Lol does anyone have any idea how Forex brokers work, because if you did then you'd know it's not possible to implement Bitcoin trading.
I'll be a little nervous when forex traders get their hands on bitcoin. From what we've seen it isn't hard to manipulate the price by using walls and holding sufficient bitcoin to artificially induce panic cycles. I'm pretty sure this is what pirate did until people caught wind of what he was up to. These individuals then priced him out of the market forcing him to default on his obligations.
An individual forex trader can shift millions in a day, the current market cap can't handle that without a wild ride. If the market cap grew to 1bn+, the affect of a million $ trade would be much smaller. In the longer term it'll help bitcoin, right now, I don't think we're ready.
An individual forex trader can shift millions in a day, the current market cap can't handle that without a wild ride. If the market cap grew to 1bn+, the affect of a million $ trade would be much smaller. In the longer term it'll help bitcoin, right now, I don't think we're ready.
An existing forex company in HK is currently working on integrating Bitcoin with their system.
They are %100 on board, and understand that Bitcoin will change the world, but it will still take them some time to finish the integration and launch this service.
They are %100 on board, and understand that Bitcoin will change the world, but it will still take them some time to finish the integration and launch this service.
I know Yahoo Finance isn't a forex exchange but I did send them a request asking they add BTC to their Forex charts/quote system. I doubt they will, at least for a long time but it would be cool if you could get Bitcoin prices right there with other currency rates.
pick a forex exchange and start asking them directly for comment on when they are adding bitcoins. Depending on whether they respond to you or what they say, push it further. Slightly unrelated I sent an email to the Federal Reserve asking them if they think Bitcoin is a threat to their business model. (Lol, not really expecting a response).
What do we need to do to make this happen? What's the procedure and how much money does it take?
Might I add Forex is the most liquid market in the world.
https://www.youtube.com/watch?feature=player_embedded&v=LAuHBfQ4PL8#!
EDIT: It seems currencies are approved by individual clearinghouses. Forex is decentralized.
Might I add Forex is the most liquid market in the world.
https://www.youtube.com/watch?feature=player_embedded&v=LAuHBfQ4PL8#!
EDIT: It seems currencies are approved by individual clearinghouses. Forex is decentralized.
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