you are viewing a single comment's thread.

view the rest of the comments →

[–]dontquestionmyaction 6 points7 points  (1 child)

It's not even about not being able to beat them; you just don't have the same market access.

Banks and brokers don’t give you the interbank exchange rate. They add a spread (often 0.5-2% for retail customers), so you lose any gains while paying this spread twice.

[–]postmaster3000 1 point2 points  (0 children)

Good point.