Discussion of Forex Trading and Currency Trading

How much would 50 shekels of silver be worth in comparison US currency?

March 23rd, 2009 stanley

50 shekels or about 1.25 pounds or 570 grams in weight

Moroccan Dirham Currency money problem?

March 23rd, 2009 stanley

what is dirham in dollars?
thnks!

Will a forex broker reject my application?

March 23rd, 2009 stanley

I've been demo trading for a month now(MGForex), so I decided to check out the application process for when I'm ready to open a live account. The application asks questions about your current finance, education level, etc.

I'm young, low-paying job, no college etc., so my question is: as long as I'm able to open an account with the minimum amount, will a forex broker have any reason to reject my application?

Also, any general advice from experienced traders is appreciated. I've been failing pretty hard at demo trading and I'm in serious need of direction. It seems like forex education sites always assume that you already have all this financial knowledge, then when you try to research a term, you have to research five more terms about that term, then ten more until you end up lost.

What book is a must read for an aspiring forex trader?

March 23rd, 2009 stanley

I'd like to know what books you would recommend to someone who would like to make it in the forex business. I'd love to learn from experienced traders talking about their struggles in this very tough market.

Currency The American dollar Can U answer this?

March 23rd, 2009 stanley

my question is, what do you think is best, I'm moving to Mexico from the US and i'm wondering on when should i convert my Dollars to the peso, right now the peso is 14.8 for each dollar how do i know if by waiting i can gain or lose? If i wait is it possible to get more peso for the dollar or with the economy being down will i lose if i dont send it now. I want to get the most Peso per dollar possible..

Old European Countries currency to Euros?

March 23rd, 2009 stanley

I just found an old bad with loads of money. Some of them are from Europe, French Francs, Spanish Pesetas, German Marks, Slovenian Tolars, Italian Lira and whatnot… Is there a place where I can go/send the "old" currency and exchange it for Euros? Can I just go to a bank European bank and change it?

I live in the Caribbean, by the way…

FOREX RATES Experts, PLEASE HELP :.( When will the Australian Dollar go back to 1.75 per 1 USD?

March 23rd, 2009 stanley

currently, we don't exchange the AUD remittances we get because it is tooooooooooooo low…. we practically live on this thing. I don't know how long we will have to wait before we can get the same rate we used to get. if we exchange it now and then the rates change, the family would be at a great loss.. please, whoever is smart with this FOREX thing, how long should i wait until the AUD exchange rate goes back to 1.75 from 1.56 per 1 USD? please please please explain this to me as much as you can. and most importantly, what should i do regarding this matter??

FOREX trading question?

March 23rd, 2009 stanley

where are the fx traders,
do anyone know any trading platform/software that supports 'Natal chart', or nice forecast chart that can help an investor foresee the direction of the FX market days/weeks ahead.

in 1952, what was the U.S. equivalent to 80,000 pounds? (english currency)?

March 22nd, 2009 stanley

Why doesn't foreign currency exchange ruin the economy?

March 22nd, 2009 stanley

So, lets say an american wants to move to spain, he has money in US dollars and needs to get it converted to euro's. Once he does this, the euro money is no longer of value to a US bank unless it is converted back? correct?

So what happens when he spends all this money in spain? the US dollars have been taken away from the US economy and is now in spain where it has all been spent?? the US has just lost all that money?

I know that I've probably just completely mis-understood something as I don't know all that much about finance, if someone could help me to understand, that would help alot.

(By the way I'm not actually thinking of moving to spain or anything, its a hypothetical question)

Thanks

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