“Finam” will prohibit the opening of short positions on the euro

Investment broker “Finam” will prohibit the opening of new short positions in euros in the near future. This is reported TASS with a link to a notification from the broker’s client mailing list in the mobile application.

“In the coming days, opening short positions on the EUR (euro) instrument will become unavailable,” Finam said in a statement. The broker asked clients to take this information into account when planning trading operations.

It is customary to use various trading strategies on exchanges. The most common is a long position, which is to buy securities, wait until they rise in price and sell profitably. You can also make a profit by taking advantage of falling quotes. This way of earning is called a short position.

Earlier, Finam increased the risk rate to 100% to secure margin positions in US dollars, British pounds and euros. From August 15 broker introduced for its clients a commission for keeping US dollars, euros and pounds sterling in brokerage accounts.

Maria Fedotova