Forex Exchange Blog

wise man of babylon asked:


I am planning to attend university in Britain next year, but I currently get paid in USD. I want to take advantage of the low USD-GBP exchange rate to buy a one-time futures contract so that when I actually have my money in USD in 9 months, I can buy GBP at a guaranteed rate. I am planning to convert about $20k. Where would be the best place to buy this contract, any idea about how much it can cost (hundreds? thousands)? thanks.

MAIZE

wise man of babylon asked:


I am planning to attend university in Britain next year, but I currently get paid in USD. I want to take advantage of the low USD-GBP exchange rate to buy a one-time futures contract so that when I actually have my money in USD in 9 months, I can buy GBP at a guaranteed rate. I am planning to convert about $20k. Where would be the best place to buy this contract, any idea about how much it can cost (hundreds? thousands)? thanks.

SAWYERS

Eric F asked:


Hi,

Im wondering whether the cross pair currency rates are determined by speculative traders or arbitrage trading computers. For example you have two liquid pairs:

EUR/USD
USD/CAD

and a cross rate

EUR/CAD

I figure, since most of the speculative trading is done on EUR/USD and USD/CAD, the EUR/CAD exchange rate is made by arbitrage traders adjusting the correct cross rate so there is no cross currency arbitrage. That means there are a lot less speculative trades on the EUR/CAD pair than on the EUR/USD for example, percentage wise that is, right? Given that, trading on the cross rate is alot harder, since the market psychology is made up of less traders and more arb, right?

SHEMANSKI

Mi R asked:


And it always seemed in the movie that what they are doing is illegal and i still haven’t figured it out.So…is it legal or not-if its not legal how come that Forex exists?

BLANEY

Ten Years Gone asked:


I dont know much about foregin exchange but my brother is getting into the stuff and he asked me to print him of a sheet so i can fill in his bank details to give to easy-forex.
It just doesnt seem to be very safe.
Can anyone fill me in?

MEIXNER

u.igwe asked:


FOREX IMPLIES FOREIGN EXCHANGE.IT IS A 24HOURS TRADE

HOLAWAY

John S asked:


I am going to be paying income tax for the first time on some small earnings I made trading EUR/USD on the Foreign Exchange. I need to know if this type of trading is considered commodities, subject to the 60/40 (23%) rate, or if this is considered futures, and therefore 35% rate.

SEVERY

bira g asked:


would like to know if its a scam or if its lagit?

MELIN

Alicia S asked:


What are some offshore investments or other investments to do, in which your investments can pay you a weekly or monthly income? Does Forex foreign exchange work that way?

WINEBARGER

★YMC★ asked:


I have saved quite some money (equivalent to 10k$) and i am thinking about making it grow thru exchanging currencies. but I don’t know how to start. I don’t like to hire some brokers, I want to do it by myself, though I don’t know how. I looked at banks but they have their own SELLING and BUYING rate. Where can I practice this?

thanks

WEDDING