Forex Exchange Knowledge Base
how to get good at forex exchange? ive tried the forex exchange a few times without any knowledge and obviously i lost my money. i want to know how do i get better at it? what is there to do, and where is there to go to help me figure out what to buy and sell? Thanks
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
how to use Forex exchange? I want to use Forex, is it all right normal banking account or special one needed, how to register ther does anyone helps me? Thanks a lot thank you :) thank you all of you for sharing your ideas and for helping
Do you think a "Forex exchange" website is a good idea? So...do you think it's a good business if a website acts as a forex broker that matches orders between its customers? Something like an ECN or a DMA broker...but without offering the orders on some intranet of other banks, hedge funds - but just its own customers? Like...on the fictional website "exforex.com" :) someone wants to buy 100,000 eur with usd and another customer wants to sell 100,000 eur. The website makes money of the spread - which here can be just one pip fixed. Because there are no middlemen and middlemen of middlemen and middlemen of middlemen of middlemen...etc. I guess this could be a very profitable idea...but there's one problem. In order for such orders to be matched, one will need say 100,000 customers or more. So if I start such website, I don't see how I will get thousands of customers so that the orders are easily matched, or at least some serious % of them. Even big stock exchanges like ASX have problems with liquidity, let alone a new website. I guess if I had one million in my bank account it would be much easier, but I can start such website with as low as just $50-$70k of my own money which won't be enough even for leverage. Would you use such a broker anyway? 10x and happy new year!
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.
Is Forex Exchange an easy market to get into? Hi, I've been considering the possibilities of opening a forex trade account. Which I hope to be long term starting with a small capital than build up upon. The only things I'm lacking is knowledge in the market or how to invest properly. I have opened a forex demo account to learn the functionality of things but I've heard its a different ball game once you start trading live. I would like to hear some responses from those who are or have been in the forex market. Such as how you started, the ups and downs on investing what you feel a beginner must learn etc. and if possible if you can provide some helpful resources to continue my research thanks. I have looked into forex robots but I doubt real investors use those often.. I have tried project payday a few years ago. I'll admit I did make money from it, it's just I quickly ran into some issues with my bank. So for the lack of never getting a system down I stopped. Forex is something I'm serious about and thanks all for your post I'll look into your suggestions, and that link you provided Michael.
Question about Forex Exchange? I want to answer lots of question related to 'Forex Excahnge' but unfortunatley there are not much answers present daily on YA. So can you please ask you geniue question related to 'Forex Exchange' on Yahoo Answers. I will try to answers them. Will thankful for your kind act.
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.
I am interested in foreign exchange (forex)....? Hi, I am interested in the forex market. I'm just a college student with a slight interest in economics. I don't have any knowledge or experience in currency trading, so I would like to ask what are some good books or websites that could help me develop some kind of understanding of the forex market and currency trading. Thank you,
How does currency exchange based upon? How does currency exchange work? I am comparing a possible benefit compared to using Forex Foreign Exchange software that trade currency. Is it anything different or is it better to show up at the NYSE or Dow Jone Merchentile trading?
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.
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?