HarryLime [any]@hexbear.net to El Chisme@hexbear.netEnglish · 1 month agoSomeone made a lot of money on the Brazil tariff newshexbear.netimagemessage-square28linkfedilinkarrow-up1139arrow-down10
arrow-up1139arrow-down1imageSomeone made a lot of money on the Brazil tariff newshexbear.netHarryLime [any]@hexbear.net to El Chisme@hexbear.netEnglish · 1 month agomessage-square28linkfedilink
minus-squareiamguiness@feddit.uklinkfedilinkarrow-up5·1 month agoForgive my ignorance, but in this scenario doesn’t the broker then lose this $20 in the “returned” lower value BRL? Why would a broker make trades like this? Why is a broker even lending money? It just seems like sanitised gambling with extra steps.
minus-squareaphonefriend@lemmy.dbzer0.comlinkfedilinkarrow-up5·edit-21 month agoIt is. It’s a gamble and the broker knows the odds are in his favor. Unless ofc you know the odds today won’t be because, you know, cheating.
Forgive my ignorance, but in this scenario doesn’t the broker then lose this $20 in the “returned” lower value BRL?
Why would a broker make trades like this? Why is a broker even lending money? It just seems like sanitised gambling with extra steps.
It is. It’s a gamble and the broker knows the odds are in his favor. Unless ofc you know the odds today won’t be because, you know, cheating.