Trading Currency Blog

ar asked:


Ok, I have no strong background in economics, nor do i know much about what I am talking about here.

But, I wondered if I exchange dollars for pounds and euros, and the worth of pounds and euros went up, can I trade the currency back for dollars to make a profit?

And for that matter, where does one go to exchange currency anyway?

MCCULLY

nomethinks asked:


How can one trade forex in a manner that least resembles gambling– over what period of time can one see some logic to a forex trade?

Who are the main players that govern the price levels of currency and what effects do individual traders have?

how do hedge funds trade currencies?

Does technical analysis really work? The idea of of using tech analysis seems so silly–what is the theory behind it?

Any additional information you may have, I’d really appreciate.

ANDERBERG

sam k asked:


Please read my question in the following context.
USD to Indian Rs (INR) exchange rate is approx 1:44 however as per the PPP (Purchasing Power Parity) the real rate is 1:10. This is controleed by Indian govt. However they are working on a 5 year plan to make the Indian currency fully convertible. Does that mean the exchange rate would move towards the real raito ? It might be useful to keep in ming the high projected economy growth rate and the opening up of economy by Indian government. India is opening up its retail and other service industries, which the big investors are eagerly waiting for a long time. Retail alone is expected to be bigger than IT. NYSE has already bought 5% stake in Indian National Stock Exchange and 60 billion dollars is waiting to enter the Indian financial market (mutual funds).
Befor ending my this posting, I would really like to thank you for all your time and help to answer my question.

LUCHT

nobody asked:


instead of the dollar?

I don’t understand why that would be bad. Could someone explain this to me?

CURNEY

Kim L asked:


a. British pound.
b. Chinese yuan.
c. Japanese yen.
d. U.S. dollar.

SPANIER

amit s asked:


In a Free Market ,the relationship Rupee(some currency) to Dollar(Standard) to Euro (some currency) and Rupee to Euro should be equivalent but its usually not Where am I wrong? It will help if you could give a link to somewhere I could read about in detail and understand better .
In a Free Market ,the relationship Rupee(some currency) to Dollar(Standard) to Euro (some currency) and Rupee to Euro should be equivalent but its usually not Where am I wrong? It will help if you could give a link to somewhere I could read about in detail and understand better . The whole idea is if some method was more profitable , it will be preferred and hence all rates will come to be same because of the way in which free market works.

TSCHETTER

Navi K asked:


Multiplayer online games have given rise to a virtual economy, in which all kinds of virtual assets from in-game currency, magic shield to whole characters are traded against real world currency. there are sites like famre100.com and gggold.com sell all kinds of in-game money for real world money,what do you think of this phenomenon.

SANDINE

mike asked:


cuz my friend was trading currency, and was only using about 100$

ZMOLEK