about currency speculation?
filipino_learning_french asked:
Hi… I need expertise’s advice… I am a college student here in Manila, Philippines. And I start discovering about currency speculation, a year ago. I know that it can deliver you profits but also to have great losses.
I started speculating the US dollar by exchanging my philippine peso savings into it. However, since i fall in love with Canada and the U.K., i shifted to Canadian Dollar “loonie” and British Pound Sterling. Until this financial crisis battered and devaluate my pesos.
I don’t wanna lose my bills, but I’m in doubt because of the declining value of those currencies.
About a year a go… 1 pound is 94 pesos; now it is 71.5; and it reached as low as 64!!!
for the loonie, they are almost the same with value the USD, with little centavos difference (when converted to pesos) and it reached one time that Canadian dollar surges and worth a little with the USD.
Last year it is 1 LOONIE is 44.60 pesos
now it is 40.14 and it bottom upto 36.10 for the past few months.
I KNOW that loonie is a commodity currency, and it depends on the price of gold,silver, copper and of course OIL!
how about the british pounds? aside from the foreign trade of Britain of pounds, where? in the financial sector of the banks?
If i were you, what we’ll you do? Last year, i do not mind the little changes because of the very little fluctuation. Only now that i realized that even 0.0001 fluctuation in the currency rate affects much on the value. Especially when it deals with larger quantity of foreign currency..
for now, i have Canadian: $200
and 100 pounds.
do i need to stop this, shift to other currency? or what?
i am in a long term speculation, since this is my savings.
please enlighten me…
as of now, i have
$200; (Canadian dollar)
£100; (U.K. Pound)
Filed Under Other - Business & Finance | 1 Comment
Online Forex Trading platforms company info ?
sezoor asked:
Any one know more about Online Forex Trading platforms company info say to me and about beginners forex trading and forex currency trading and forex exchange rates and with forex trading education and learn forex alerts with forex trading systems software strategies
thanks for you all
Filed Under Small Business | 3 Comments
When selling a currency pair, what order do I use to take profits?
tim_b44510 asked:
I am reading and learning forex trading using a demo account. I am selling the USD/CHF. I have my buy-stop in place above the market in case it moves against me. I learned this is a good money management practice. I have my take profit target set but do not know the order to implement that will allow me to leave the computer and not have to monitor the position. Any advice from the pros will greatly enhance my learning experience. Thanks so much!
Filed Under Investing | 3 Comments
What are the best trade websites?
My Virtu asked:
What are some of the best websites to buy stocks, REITS, ETFS, and foreign currency? I know there are alot like scottrade, etrade, etc….which ones are the best?
Filed Under Investing | 7 Comments
foriegn currency trading info?
mhcchoop asked:
what is it? i am 12 and i want to learn more about it. if i dont make the NBA i would like to do this instead.
Filed Under Other - Business & Finance | 1 Comment
How to conquer the world. Step two?
Overt Operative asked:
As a planning member of a shadow group bent on world domination, you have completed step 1: Secured the resource of a large army from a populace spread across international borders.
Step Two
Capitalism in the common enemy, and the U.S. is its guardian. The guardian must be incapacitated before your conquest can begin. To do this you must disrupt the foreign currency market centered in NYC. A disruption of this market of only a few weeks would plunge the entire capitalistic world in chaos. The U.S. economy would crash. Investment capital would evaporate leaving the U.S. without an immediate cash pool to arm itself for warfare. This would leave you a window of opportunity of a few years to go on to step three.
One of your attempts is the destruction of the World Trade Towers. If this fails, the ultimate plan would be the total destruction of NYC, Philidelphia, Chicago, and Washington DC. This plan, however, would involve more effort.
Anyone want to take a stab at step three?
Mull over this for a while. I be back with step 3 tomorrow.
Filed Under Politics | 3 Comments
Help with business question homework?
James M asked:
A main purpose on tariffs on imports is to ______.
[a] maintain domestic competitiveness
[b] promote free trade
[c] stabilize foreign currencies
[d] increase imports
China and India require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake. What does this illustrate?
[a] business ethics
[b] local content laws
[c] tariffs
[d] social responsibility
After managers determine the firm’s goal, what do they do next?
[a] develop tactics
[b] develop a comprehensive strategy
[c] develop an operational plan
[d] develop a mission
Which of the following statements about conceptual skills is most correct
[a] Conceptual skills are most important to top managers
[b] Conceptual skills are most important to first-line managers
[c] Conceptual skills are most important to middle managers
[d] Conceptual skills are equally important at all levels of management
Filed Under Homework Help | 2 Comments
How does one go about learning how to trade currencies?
heavy_d65 asked:
I would just like some information on trading currencies. What it is? How to do it? How people make a profit on it? It’s just interesting to me.
Filed Under Investing | 2 Comments
Does financial gain from cap & trade explain why China suddenly stopped calling for a new reserve currency?
Ruby asked:
China has been calling loudly for a new world reserve currency for months and months. Many people don’t know because the mainstream media doesn’t report it on the front page or the evening news – you must go to the investment pages to read about it.
The last call was as recent as LAST WEEK”
“China’s Central Bank Renews Call for New World Reserve Currency”
http://www.bloomberg.com/apps/news?pid=20601080&sid=atQgG1C5Ielw
Google for more. you will find numerous reports (weekly) about it.
then two days later …
The original title of this article was “Treasuries Advance After China Says Reserve Policy Is ‘Stable’” and it has since been changed to “U.S. Treasuries Advance Amid Quarter-End Portfolio Rebalancing “. Hmm. The content changed somewhat as well but still covers it in brief
http://www.bloomberg.com/apps/news?pid=20601103&sid=al9.Xmi7SwH4
“…Yields fell after Chinese central bank Governor Zhou Xiaochuan said his country is sticking with its foreign-currency reserve policy for now…”
WHY THE SUDDEN REVERSAL? Is it possibly because China will be a major benefactor of cap & trade?
How many of our tax dollars will go to create new jobs and new industries in China?
Consider, for example, what cap & trade does in creating demand for RARE EARTH METALS which are essential for alternative energy technology. As it stands now, we will depend on China to meet the demand to be created by C&T.
“Crunch looms for green technology as China tightens grip on rare-earth metals (May 2009)”
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6374603.ece
“China’s grip tightens on ‘green’ metals”
http://www.atimes.com/atimes/China_Business/KF30Cb01.html
“… The rare-earth metal neodymium, used in electric car motors and wind turbines, is at the epicenter of the race between wealthy and emerging nations to create green technologies, while poorer countries appear to be relegated to spectator status. … Neodymium is a lanthanoid, at position 60 on the periodic table of elements for the number of atoms in a single molecule. Its production and wide range of uses reflect the competition over raw materials in the area of green technologies. … Unless production of green technologies is supported outside of China by new mining in North America, Africa and Australia, the only place to manufacture them will be China, predicts Lifton, adding that if China decides not to export those rare metals, there won’t be any other place to obtain them. … ”
For those who jump in here and claim the new industries will be created in America, I ask you: what is the incentive for corporations to develop new industries in America when they can pay slave labor wages in Asia and avoid environmental regulation? Let’s be realistic.
And considering the potential for profit to China, does its unwillingness to cap its own emissions disturb you a little and/or even give you a little pause to question the motivation behind cap & trade?
.
Hmmm. Maybe this explains it, in part. Hot off the press:
“IMF Board Authorizes Debut Bond Issuance to Fund Aid (Update1)”
http://www.bloomberg.com/apps/news?pid=20601087&sid=ankFTAhAUk68
Read the article – China is purchasing $50 billion. It seems there is no need to call for end to the dollar as reserve. The IMF activating SDRs as currency marks the final nail in the coffin for the dollar. Its only a matter of time.
Filed Under Current Events | 4 Comments
XE Trade from Japan – How to?
Wasabi 007 asked:
I was very excited to find out about xe for foreign currency exchange, yen to dollar. Well, my town in Japan is very small and they have no idea how to do including me. xe said some people sent money using ATM but still did not work.
Can anyone know exactly, possibly in Japanese how I can send money to Custom House Ltd???? Thanks!
Filed Under Personal Finance | 1 Comment
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