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...my ignorance on the subject
nickdahammer wrote:Yes I am a real estate guy, I deal in the real world. Not this fantasy that there are these elite traders that trade trillions of dollars in currency at a 15% discount. The best part is paper pushing intermediaries can make millions! The guy who said he was a "mandate" was a complete phony. The whole process is so illogical and nonsensical.
I have spoken to real traders on the FX desks at Barclays and Goldman and they all agreed that this whole 'provider' business is just a scam. Alarm bells should have gone off when I was told that there were traders who trade enough currency to retire a better part of the US national debt on a weekly basis.
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