Since we have a serious problem on the brokerage business around the world and especially here in America I'm wondering.
Who will be the first entrepreneur to capitalize on the situation.
And do it honestly !!!!!!!
One idea is for somebody to open a online gambling venture where bets would happen based on price.
Basically people would use charts just like in a regular broker.
Place bets (trades) just like in a regular broker, etc just like in a regular broker.
All trades ( bets) will be open to everybody to see as a real dept of the market.\
At certain intervals, 1H, 2H, 3H, 4H etc the money from the losers will be distributed among the winners.
The system will work as a MM where the only connection with the real Forex market is PRICE.
The website owners will make money on spreads or commissions and since traders will see all trades as a real market dept it would be 100% transparent.
I have no idea about the legal roadblocks for this proposition but since it will be under a gambling umbrella it may work.
I guess if people can do bingo, cards, horses, etc if you put price as the objective it works just fine.
Who knows......somebody should try it !!
Who will be the first entrepreneur to capitalize on the situation.
And do it honestly !!!!!!!
One idea is for somebody to open a online gambling venture where bets would happen based on price.
Basically people would use charts just like in a regular broker.
Place bets (trades) just like in a regular broker, etc just like in a regular broker.
All trades ( bets) will be open to everybody to see as a real dept of the market.\
At certain intervals, 1H, 2H, 3H, 4H etc the money from the losers will be distributed among the winners.
The system will work as a MM where the only connection with the real Forex market is PRICE.
The website owners will make money on spreads or commissions and since traders will see all trades as a real market dept it would be 100% transparent.
I have no idea about the legal roadblocks for this proposition but since it will be under a gambling umbrella it may work.
I guess if people can do bingo, cards, horses, etc if you put price as the objective it works just fine.
Who knows......somebody should try it !!
So, you think you have rights? LOL