Comments on: Forex market settle on same day? huge problem plz help?

By: beyfishers

beyfishers — Tue, 30 Nov 1999 00:00:00 +0000

I know this does not sound helpful but check your broker.

Most european brokers (all I have used) simply charge and interest and automatically roll you over at the expiry of the forex contract the issue (these are usually OTC and exist only within your broker's firm).
As a result you can simply keep you position open overnight and just receive an interest charge

By: F.H

F.H — Tue, 30 Nov 1999 00:00:00 +0000

I must say never, never,never treat Forex the same as stock market. The price changes a lot, therefore, always set a take profit point for your trade. If everything goes well you might reach the TP in one day or one week.

Please see my statement and note the dates of opening and closing:

http://finance.groups.yahoo.com/group/freesignals/

By: Bob

Bob — Tue, 30 Nov 1999 00:00:00 +0000

I understand that you're confused. Yes, you can keep it for two years.

There are two ways of doing it. You have no choice; it depends on your dealer. But it really doesn't make any difference to you.

(1) Less common way. You keep the position on for 2 years. The dealer charges or pay you interest based on the interest differential between the two currencies.

(2) More common way. The dealer closes out your position at 5PM New York time and then immediately opens a new position for you in the same currencies. The new position will show a different cost basis up or down depending on the interest differential. This is called a "rollover".

By: Boris

Boris — Tue, 30 Nov 1999 00:00:00 +0000

Spot prices settle same day, its just a conversion, it settles immediately.

As for your indian rupee plan it doesnt work the way you think. "India" is not a company and the rupee is not a stock. The rupee's exchange rate has very little to do with the fundamentals of the country and almost all to do with how much currency the country prints. What people dont realize is that currency DEPRECIATES all the time due to inflation (except for relatively short lived periods of small appreciation during deflations). Fiat currencies ALWAYS depreciate in the long term and ALWAYS depreciates to ZERO in long enough time periods (yes that means the dollar, euro and yen too eventually). The only way to get the rupee to equal the dollar is for the dollar to devalue and become equally worthless, in which case you billions of dollars are still not worth anything.

As an example if you put in 100,000 cash in US dollars in 1900 at a time when the US was the country to invest in, you would have the equivalent 4,000 dollars now due to inflation.

By: ajb

ajb — Tue, 30 Nov 1999 00:00:00 +0000

Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.

Here is a free site that shows what has happened after economic news releases:

http://www.forexnewspatterns.com

By: Xelam

Xelam — Tue, 30 Nov 1999 00:00:00 +0000

forex market strategy is totally different from stock market strategy. forex deals normally settles anytime of the day or you may rollover depending on your agreement with your broker but to keep it open for years is not advisable at all. you must understand the currency rates changes at the blink of an eye and who knows how your selected currency would work at the span of time you are requiring. should you wish to know more about forex and would like to get a hands on, personal coaching from expert forex traders, you may register to this site where for a minimum deposit of $100 which you can also use to trade later, you can talk live to personal Account Service Manager (ASM) over the phone, email or chat. you can then take this opportunity to ask everything you want to know about forex. he can give expert advises, tricks and strategies on hopw to become successful in your trading activities and will even trade with you until you get familiar with the system.

By: Joshua

Joshua — Tue, 30 Nov 1999 00:00:00 +0000

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By: Josephine C

Josephine C — Tue, 30 Nov 1999 00:00:00 +0000

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