Forex Exchange Knowledge Base
How does Forex (foreign exchange) work? Just as a general thing what does one do to make money with forex? Is it like stocks, or does one need a program to be able to play it? Where does one play forex, through a bank brokerage like stocks
Forex, foreign exchange toolbar.? I'm looking for a forex software that can work as either a browser toolbar and/or as a desktop software (widget). The applet should show foreign exchange between different sets of currencies in real time.
Interesting question regarding currency exchange (Forex)? I have found that when the US indexes (NASDAQ, DOW, S&P 500) gain (or lose) so does the Euro as part of the EUR/USD pair. There is a positive correlation. Why does this occur? I had the thought that as risk becomes less popular and people sell their stocks they put the money into treasury bonds, possibly driving up the USD. Does anyone know for certain what drives this phenomenon? Best answer points available for good concise information. Thank you.
Can you become a millionaire by trading Forex? I am 17 years old and my brother set me up a Forex (Foreign Exchange) account to try and make money by trading money currencies. He turned $200 into $700 in 3 days. I want to know if it is possible to turn $200 into $1 million, and how long it would take if your really good at making money at it? Please give a reasonable answer to earn 5 star best answer.
Foreign Exchange: Rates quoted on Yahoo Finance vs. Rates given by your local Forex dealer? The spot rate for the Swiss Franc has been around 1 to 1.05 francs to every dollar in the past few months, according to Yahoo Finance. When I ask a local Forex dealer to exchange dollar for Swiss Francs, they want $305 for 300 Francs which is quite far from the spot rate (and doesn't include the service fee.) I've consulted quite a few dealers and they all want more than $1 for 1 Franc. I've only looked at dealers and banks in the US.. I'd rather have a few hundred Francs in emergency cash when I arrive in Switzerland to avoid paying the ripoff rates at the airport. Even though $1 is worth more than 1 Franc, I'm still happy if I can get an effective exchange rate (after fees and royalties) of 1 to 1. Is this possible or am I not looking in the right places?
Is it possible to exchange Japanese Yen to HKD @ 10:30pm? I will be arriving at hongkong at 10:30pm on a Sunday. Even at this time, is it possible to find a forex which will exchange yen inside the airport? I am planning to ride the turbo jet which will not require me to pass thru immigration. THanks.
Something about Exchange control in forex markets.? I want to know in detail about exchange controls. whatever information you have please scribble down it here. May be its Features, Methods, Merits, Demerits of exchange control imposed by countries.... Please help....its an assignment!!
Where can I learn about forex investments? I want to learn about forex currency exchange. I understand that there is some potential in that field of investment. Could someone please recommend a good source that provides in-depth info about forex investments? Are those practice programs any good?
Taxing the money made in Forex market? I live in UK! First Question: Do I need to pay tax on the money which I have made in forex Market (Foreign Exchange)? Somebody told me TAX already is included in the pair spread and you don’t need to pay any extra tax! Something like spread betting that is tax free! Second question: If I have to pay tax on the money made in forex market, How would I pay it? I am full-time employed somewhere else and my current company takes care of taxing my current income. What is the most efficient way of taking care of this extra money?
Where can I exchange maltese lira in india? I recently relocated back to India from malta and forgot to exchange the Maltese Lira in Malta. The forex in Dubai refused to exchange the currency and in India I hear it's next to impossible. Apart from having someone to take the money to the UK to change it, I wanted to know if there are any other alternatives?