Discussion of Forex Trading and Currency Trading

Foreign Currency - How do I know when foreign currency is weak compared to other countries?

March 27th, 2008 stanley

I am trying to train myself to visualize and understand how the FX currencies are relative to the USD. Typically how does one view how the US Dollar is doing?

I guess I am having a hard to understanding it based on something like this:

EUR/USD 1.52851

I know it is the equivalent to:

A) 1 Euro = 1.52127 USD
B) 1 US Dollar (USD) = 0.65735 Euro (EUR)

In this case, the Euro is stronger than the US dollars right? This means that the Euro is worth more than the USD. For every 1 Euro, it is worth $1.52 USD.

But how about in this case:

GBP/JPY 206.599

Every 1GBP is equivalent to 206.599.
It appears that the pound is very strong. However, isn't it true that most products in Japan sell for thousands and thousands of yen, so 206.599 Yen or 1GBP really isn't that much?
Typically FX Statistical Data is given as:

A/B = 1.52

Where A = Currency A and B = Currency B

Therefore, is it safe to say that if the value for A/B is greater than 1, then currency A is stronger than currency B.

Besides currency , what is the oldest thing you possess ?

March 27th, 2008 stanley

I have a 1939 German military Iron Cross metal my dad gave me that he got from the war , it has a swastika on it…

Are savings (from exports) put towards sovereign wealth funds an attempt to maintain currency?

March 27th, 2008 stanley

Im referring to China's trade surplus savings and the middle east's revenue from oil exports. Do they put this money into these funds to maintain currency thereby ensuring stable export rates?

Should we remove "In God We Trust" from our currency, or "under God" from the Pledge, just to please others?!?

March 27th, 2008 stanley

God forbid!

Are there any Forex programs that are truly easy an cheap geez?

March 27th, 2008 stanley

Does Trading Currency Companies like Forex work to make money?

March 27th, 2008 stanley

Can I make a decent living or at least something on trading currencies on like FX or Forex.com? If so how much do I need to put up?

How to write C code to convert currency?

March 26th, 2008 stanley

Having the following prototype:
float ForeignToDollars (float units, float conv);
how do i write C code that converts currency from pounds, kronors (to US dollars) etc?

the following info is #defined:
* 1.96109 dollars per British pound
* 0.15794 dollars per Swedish kronor
* 1.46785 dollars per Euro
* 0.04067 dollars per Russian Ruble

Do you think congress is afraid to introduce a bill to remove "In God We Trust" from our US currency?

March 26th, 2008 stanley

Can you guess the fate of the guy who sponsored a bill that would replace "In God We Trust" with something more sensible and secular? Is fear of political suicide the reason the issue remains so untouched today?

Is it just coincidence that 'denomination' refers to religious subgroups as well as currency amount?

March 26th, 2008 stanley

And which does "all denominations welcome" mean when a church has a sign that says that?
As for hugging the dog in the avatar, Snickers is a good dog but a bad mix (Chow/Shepard). He is great if he knows you, but tends to attack strangers on sight.

Where I get free currency data for free ?

March 26th, 2008 stanley

I need real time £/$ data with the smallest delay possible… I know there are websites that offer this information for free, but I am not sure where.

BBC is 15 min delay
Bloomberg is 15 min delay
FT is 20min delay

And most others are similar times!

Can anyone please help me?!
I have just found 5min delay on Global View!

Real time does exist and however is charged at a premium from most places - however I have been told (for sure) that there are a few free providers out there!

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