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.

SAWYERS

Nice Robo asked:


You know, internet based Foreign Exchange (FOREX) give an other interesting source of money. Soros used it, many forbes personnels used it. However, there is one question that always in mind of me and maybe other muslims in the world. Is Forex Halal?

GOLIGHTLY

Alexis S asked:


has anyone made money doing forex trading? is there money to be made? my boyfriend paid over 3,000.00 on a program and we made money but lost even more. we never came even close to breaking even.

SOUTHER

worldpeace asked:


I was in Bangkok recently, and at my hotel there was a big sign saying No *** Tourists. This is important because Bangkok has a lot of *** tourists, and most of the hotels look the other way. But not my hotel. They were adamently against the whole idea of prostitution in Bangkok, and the sign explained why in a long list of reasons.

I found one of the reasons very surprising. It said that it is morally reprehensible for westerners to come to Thailand in order to buy sex, given that foreign exchange rates are favorable to westerners, and as a result it is much cheaper to buy *** in Thailand than in their home countries.

Clearly, one can find many legitimate reasons to argue against prostitution. But is this one of them?
It strikes me that westerners in Thailand are not just benefiting from the ForEx rates for buying ***. They are benefiting every time they spend money in Thailand, whether its for food or hotel or anything else. Is that morally wrong? Are they taking advantage?

LORENZANO

John asked:


I read everywhere that 95% of forex traders are losing money. Why is that?

I have one of their practice accounts and I have a huge profit so far. Is the practice account really live exchange rates or is it rigged to make you think that you can really make money?

BRISTER