Comments on: can i lock a currency rate? http://www.myylt.com/2009/01/08/can-i-lock-a-currency-rate/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 05:42:59 +0000 http://wordpress.org/?v=2.3.3 By: Doctor Deth http://www.myylt.com/2009/01/08/can-i-lock-a-currency-rate/#comment-10978 Doctor Deth Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/08/can-i-lock-a-currency-rate/#comment-10978 currency rates cannot be locked - it's an open market system - exchange rates change constantly currency rates cannot be locked - it’s an open market system - exchange rates change constantly

]]> By: Mark M http://www.myylt.com/2009/01/08/can-i-lock-a-currency-rate/#comment-10979 Mark M Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/08/can-i-lock-a-currency-rate/#comment-10979 Yes you can its called a forward contract - you need to pay a deposit though (around 5%). You lock in the fx rate and the trade and pay later, loads of people do it for foreign exchange mortgages and regular payment plans - up to 2 years in advance. You need a fx broker to do it, here is a site i use www.whichwaytopay.com to help whenever i've done it in the past. good luck Yes you can its called a forward contract - you need to pay a deposit though (around 5%). You lock in the fx rate and the trade and pay later, loads of people do it for foreign exchange mortgages and regular payment plans - up to 2 years in advance. You need a fx broker to do it, here is a site i use http://www.whichwaytopay.com to help whenever i've done it in the past.

good luck

]]>