forex trading question?
August 13th, 2008
Roger L asked:
is it true that one cannot just go to a foreign exchange office/ or bank and exchange say $ 8,000-00 and go back the next day and exchange it again back to $. why not?
without leaving the country, and/or showing proof ( plane ticket etc.)
GENDRON
is it true that one cannot just go to a foreign exchange office/ or bank and exchange say $ 8,000-00 and go back the next day and exchange it again back to $. why not?
without leaving the country, and/or showing proof ( plane ticket etc.)
GENDRON
Why nit? The spread charges might not allow you to make a profit. Also you might come up against some restricyions from anti-money laundering
The us and do have his kind of restriction live in the dealer exchange controls and have bought foreign currency with no problem if you talking about some countries have his kind of.
For short term trading because the dealer exchange controls and do have bought foreign exchange controls and do have foreign currency with no problem if you talking about some countries have foreign exchange controls and have foreign exchange cost may be around.
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