Trading Currency Blog

chris.whitelaw asked:


I know of GFT Forex, and http://www.forex.com/

Right now, I’m liking Forex.com a little better because they offer higher leverage (+250 i think) and they guarantee the trade price of their currency or have instant trades.

Thanks in advance,
Chris

ALDERINK

happyjack270 asked:


I am looking for an online forex trader that will let me trade the chinese yuan (CNY), but I’ve found that they don’t seem to list what currencies you can trade through them. Does anybody know how I can find out (via the web) what currencies a forex broker trades? Ideally, I want to find one that trades the major currencies in addition to at least the chinese yuan, and has high leverage (200:1 or 400:1).

WATERBURY

ken_ben12 asked:


When you trade currencies from USD to any other amount you will see a big loss and even if you wait several weeks for the other currecncy to rise you would only break even when you convert it back to USD from what they show right?
Im talking about the trade feature within paypal itself not Forex at all….
Please no more pyramid schemes thats not working…its bumming..

HUFSTETLER

John K asked:


Is the sole purpose of proprietary trading desks trading equities and futures and performing arbitrages based soley on profits which can be achieved better by a group of traders using firm’s money. How do these firms attract money and from particular who ? Corporations hedging their positions in commodity or currency ?

What is the cost and regulation to start a prop desk?

What would be a requirement for you to join a prop desk in Canada ?

BETHERS

MC asked:


please recommend a good trading company to trade currency.

BASA

Paul K. asked:


I am thinking of trading currencies (such as USD/JPY) to make profit.

I have question about it.

1. I am under 18. Is there a problem? I know that trading stock is illegal for under 18 because it’s like Owning a company but since currency trading is just owning money, i do not think it is illegal. IS IT ???

MCCANDLISH

Larry R. asked:


I am a newbie to foreign exchange investing. I am not a very good day trader. Are there tradeable instruments to take a longer-term positions (i.e., # of months) on the movement of currencies? Is so, what are they?

RELFORD

westphalia1 asked:


Can an offshore Multi Currency account be used to exchange one currency for another and trade your way up in value? As opposed to actual FOREX trading? Say USD/ISK (iceland Krona)-wait for your initial deposit to go up in value and then invert this to a different pair and keep repeating this procedure? Thanks

ROLLMAN

michaelpc12 asked:


does business with or is it a whole system of average prices for the currencies in question

WEILBACHER

goodguy07 asked:


I am picturing a set it and forget it program that constantly calculates the value of complex currency cycles and automatically executes an arbitrage trade when one becomes available. I understand the window of opportunity on such trades would be very short, is it even possible?

KENNELL