Should every place in the world use the same currency?
February 19th, 2009 stanleyif everyone switched to the canadian $1.00 what would be the perks of that ?
if everyone switched to the canadian $1.00 what would be the perks of that ?
why is there no universal currency? can there ever be one? why or why not?
I am new and very ignorant to this FOREX but it interests me. What can you tell me about it?
I don't know too much about the FOREX system but do work in an industry with foreign currencies so I watch rates Daily and notice trends in currencies going up and down so figrued I may try to get into FOREX< thinking about learning more about it.
My question is this, when I place an order I'm betting on a currency going up or down. How long can I hold an order for? Is it like shorting a stock where you have til day end or maybe 3 days or can you hold it for as long as you want. If you can hold as long as you want I dont see how you could possibly not make money as every currency is going to go down adn bcak up and then back down.
Also, why do they let you leverage youself 100%?
If your allowed to hold a position as long as you want it makes it seem to easy, even if you take a hit eventually the currency will come back to at least what you paid if not higher to make a profit. WIth stocks the broker can call back meaning you have to sell back reguardless of what the price is, can this happen with FOREX?
Thanks Roger for adding the extra info on my behalf.
To Ayiza, it does not matter if the Zim note has expired, I just want to collect it. Please drop me a note should you decide to part with it.
trade on the forex market and the returns would be variable between 1% and 50% per month ROI. I am envisioning a large investment company for the small investor that will also provide financial education and retirement plans. I don't know if I scare people away when they hear forex or see the high return amounts and think scam.
is it a good idea to invest in currency?
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