Trade Currency Knowledge Base
What are the effects of the majority of the world abolishing the U.S dollar as intl. trade currency, and why? I've been hearing bits and fragments about this topic, that started when Iran replaced the dollar with the Euro as it's foreign trade currency. Some people point out that if that were ever to happen on a wider scale, the U.S economy would collapse due in part to the 7 trillion debt (33% of which is to foreign nations/enterprises) that would have to be paid by a currency the U.S would have to buy instead of just paying in U.S dollars. I'm not an economist, but I hope that someone with a background on banking/economics would clear it up, away from propaganda, ideology ..etc.
What exactly happens in a sell during a currency trade? assuming the firm I am using isn't just using its own clients against eachother...can you explain to me how this situation would work. I have $100,000 USD sitting in my pocket right now. I think that the EUR/USD price is going to go from .8 to .95. In other words I believe that the value of the dollar will rise against that of the euro, which could also be said that the value of the euro will decrease to that of the dollar. Pretty much what i'm saying is the dollar is going to look better than the euro. But I'm already holding onto 100K USD, how am i going to make money from such a situation? If i convert to eur today, it will give me 80K. I am speculating that in a few days my 100K converted to EUR is going to give me 95K. So how can I benefit from this speculation? What exactly needs to be done, what trade with whom? Thanks
Does anyone here invest in forex currency trading where you just invest and they trade it for you.? I saw a few in a google search talked about 20% returns and stuff but they were not in the US. I don't want to risk anything outside the USA. Please only reply if you have done it or are currently doing it. Please post links of anyone you recommend. thanks As I said please don't reply if you have no "DIRECT" experince with investing in one of these. I know the risk's i'm looking for a ligitimate company that's why I asked for someone that is doing it. I don't have time to trade it my self I already trade futures this is for someone else that has an extra 50k to risk. That link doesn't work to the blog.
Which FOREX Company Should I Use To Trade Currency? I know of GFT Forex, and http://www.forex.com/ Right now, I'm liking Forex.com a little better because they offer higher leverage (+250 i think) and they guarantee the trade price of their currency or have instant trades. Thanks in advance, Chris
Is it correct for one to trade in currency forex offline (from Bank to Bank?)? Would like to find out if individuals conduct offline currency trading from one bank to another with a view to make profitss. I would like to do that personally given the income potential it has (am a student). What it means is I can use capital to Buy & Sell from one Bank to another according to daily rates. Is it anything new? Are there threats to this endeavor?
What is the best site for trading stocks and currency exchange? I am completely new to the world of trading stocks or currency, but I want to get started. I see ads for all these different websites (ameritrade, etrade, etc.), and I was wondering, which (if any) would be the best for a beginner? I'm not looking to get rich quick, but I would like to start investing my money for the long term. Also, which if any of these sites offers a way to trade currencies? Ideally, I would become a member of the site with the best combination of both of these (trading stocks and currency). Thanks
Why should $ USD be the trading currency for all our international transaction? All our international transaction occurs in USD & not in INR. This occurs no matter whom we trade with. For example we buy crude oil from Saudi Arabia, yet we pay them in $ & not in Rial or INR. Why should we use $ in payment, why not INR or some other country be the trading currency. This not the case with India, all over the world they do this. Other dominant currency is euro. But why should international monetory be controled by rich nations, why not it be poor nation. Why should a fate of one country be decided by other country ?
Should I trade my declining Thai baht currency to USD now? Over the last couple of years the Thai baht has been gaining on the dollar. However, as of recent (and probably due to Wall Street), the Thai baht has decreased in strength. Would it be wisest to convert the THB to dollars now, rather than nine months from now? (I'll be moving back to the States within nine months and had planned on holding onto the Thai currency until the last minute.) Your time is much appreciated.
Which online Forex brokers will let me trade the chinese yuan (CNY) currency? I am looking for an online forex trader that will let me trade the chinese yuan (CNY), but I've found that they don't seem to list what currencies you can trade through them. Does anybody know how I can find out (via the web) what currencies a forex broker trades? Ideally, I want to find one that trades the major currencies in addition to at least the chinese yuan, and has high leverage (200:1 or 400:1).
use a Multi Currency account to trade your way up? Can an offshore Multi Currency account be used to exchange one currency for another and trade your way up in value? As opposed to actual FOREX trading? Say USD/ISK (iceland Krona)-wait for your initial deposit to go up in value and then invert this to a different pair and keep repeating this procedure? Thanks
How do you trade and make a profit on commodity or currency futures? Is it that you have to predict what future prices will bring? How do you make money doing this? Someone told me you might have to wind up with a load of crops on your doorstep? How do I avoid that from happenning? Where do I find the rules? Is this a lot like buying stock options?
why did the USA change Iraq trade currency from Euro to Dollars, why did they decentralise Iraqi Oil? Not many people know, but Saddam changed his trade currency from the dollar to Euro in 2002. Straight after the evil invasion, America changed it back to the dollar, they also made Iraqs oil public, so that US coporations could basically control it. Spell Check; its a long term plan. Firstly its the top dogs that profit, than over time it will filter down to the general public. Remember the increase in oil prices is partly a ploy to show that oil had nothing to do with the barbarik invasion, massacre and plunder of Iraq.
Where can i find a currency trading expert? If i have a good amount of capital and want to trade the currency market but have a bit of knowledge but not as much as an expert , Where could i find someone who can teach me and get paid for their time teaching me? I'm in Ireland
is e-currency trade real? I will like to know what e-currency trading is all about and if it is real. I will also like to know if it is very profitable? Also is DXINONE.COM for real.
Does anyone trade currency, Forex ? Do you trade with personal money full time? What kind of profits can you expect over a year? What would you recommend be the initial starting capitol?
is a forex currency trade scam or not? recently i found that everyone can trade online with Forex and they even offer you a demo of ther trading platform. My q. is this a big and nice scam or something real?
Hi there everyone... Does anyone know of a place to trade a Bolivian bill for U.S. currency?? I have one 50,000 Boliviano that I have been trying to trade for American currency for a few years now. I have researched it and many places I was told to go or ask about the bill but to no avail. I had given up many times on trying to find somewhere that would trade this bill because I have been given the run around many times, thats one of the reasons I have had it for so long. From what I keep hearing.. Bolivia is supposed to be such a poor country that the money is worth nothing here... I'm not sure if this is correct or not. I do wonder how people from Bolivia that come to the U.S. get there money converted... so there obviously must be some way of doing it.... Does anyone have any answers or suggestions of where I can take this bill ?? I am in Chicago and hope someone also from Chicago could possibly give me a location hopefully. I have talked to many different banks who say they dont even deal with Bolivian money, I have also called the Chamber of Commerce. Please HELP !!
Trade World Of Warcraft Currency? I have like 600 gold on Hakkar alliance is it possible to trade that gold to someone for like 600 gold on Mugthol horde or is that against the rules?
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