Discussion of Forex Trading and Currency Trading

Dinar(highest valued currency unit in the world?)?

August 4th, 2008 stanley

i have always thought british pound was the highest, but i was wrong, Pound is ranked fifth in the world, behind Kuwait and Bahrain's DInar, Oman rial and Latvia rats.

1.00 KWD = 3.77373 USD
Kuwait Dinars United States Dollars

Now does anyone know exactly why is it the most valued currency? is it due to the scarcity of the currency?

What would happen if the world only had one currency?

August 4th, 2008 stanley

Europe has the Euro.
USA has United States Dollar.
China has Yuan.

What would happen if every country in the world had only 1 currency? What it create chaos? Would it be the best thing ever? What do you predict would happen?

BTW: What would it be called? The worldo?

Thanks!

Any experiences with Tiens and Forex trading?

August 4th, 2008 stanley

many people said that fxcm forex broker is very good,but also many others said that its not,which one is right

August 4th, 2008 stanley

i trade at fxcm demo account and i find it very good but after hearing many people say that it is a bad broker ,i started to think that it is good now only because it is a demo account and when i open a real account ,it will be bad .but also i heared people say that it is good …..so i am so confused ,which should i believe

What can I do with leftover British Currency?

August 3rd, 2008 stanley

I went to London last year and I have A LOT of currency leftover, I forget how much it totals but its all coins. Obviously, I cant use it back in the US but I was wondering if theres somewhere I can exchange it or sell it. If I can exchange at like a bank or something will I be charged a fee? Im trying to figure out if there is a fee, would it be worth exchanging the currency…??

How can I change the currency from $ to Rs. in excel sheet(balance sheet)?

August 3rd, 2008 stanley

How to prevent whipsaw and enter a safe trade in Forex?

August 3rd, 2008 stanley

I use simple moving averages lines to determine an entry and exit but there are bunch of whipsaw in it. I wonder if there is a safe entry which could reduce the chances of whipsaw from happening. Thank you.

What indicators should I use to trade FOREX?

August 3rd, 2008 stanley

I mostly know Bollinger Band and MACD but are there any others I should or need to learn. my win/loss ratio just on those two alone is 235/15 however, I still feel I need to learn at least one more indicator before getting started on a real account… What do you suggest?

Do you get taxed when you bring in to the US, currency in excess of $10,000?

August 2nd, 2008 stanley

When you return to the US from a trip abroad you must declare currency in excess of $10,000. Is that so they can tax you on the excess? A European relative left me $25,000 in cash. If I use banks to do a wire transfer, they rob you with exorbitant fees. The declaration form says that citizens have the right to bring back any amount of money into the country but you must declare anything over $10,000. Is that so they may tax you? As much as I love to travel to Europe, I do not feel like making 3 trips just to bring back my money.

Where can you exchange US currency for Hong Kong SAR currency in Hong Kong?

August 2nd, 2008 stanley

I am trying to look for a reliable bank that can can exchange Hong Kong Dollars for US Dollars and can speak either English or Chinese to it's customers in Hong Kong. I am trying to find a currency exchange bank prefferably near the Jordan MTR Station, Nathan Road, or the Eaton Hotel. I also desperately need a bank that has good reputation and is nice to it's customers. The bank should also have reasonable or good exchange rates. Please tell me about the bank, where it is located, the address, hours, and it's average exchange rates. I am trying to exchange US dollars to receive Hong Kong Dollars!

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