Discussion of Forex Trading and Currency Trading

When determining rollover rates in forex, does lot size matter?

July 30th, 2009 stanley

From page 55 in Currency Trading for Dummies, I broke down the huge formula to:

for long postion:

((x - y)bD)/365

where x = long side interest rate in decimal
y = short side interst rate in decimal
D = days
b = exchange rate in decimal
a would equal lot size.

I dont think it does really. but this again is only for rollover rates..

just wondering

Whats a good Forex trading system?

July 30th, 2009 stanley

I am just getting into trading forex online…what is a good online trading system with good profitiability? I’m just a beginner, I don’t know much about it but i know a little, but am trying to learn as much as possible. Right now i just want a basic good trading system that I can invest a little bit of money and try to turn that into good sums of cash. Also one that has free practice accounts.
I don’t mean I want someone’s system… I meant like and actual online company that does it. Kind of how Ameritrade is a good "system" for stocks, whats a good "system" for Forex?

Yahoo ichart table.csv for Currencies…?

July 29th, 2009 stanley

I am attempting to use the following like to get csv’s with historical data:

http://ichart.yahoo.com/table.csv?s=EURUSD=X

with great results. I get the familiar CSV with the right columns. BUT, when I try: http://ichart.yahoo.com/table.csv?s=GBPUSD=X I get a 404 error, the symbol is correctly spelled and everything, it even checks out here: http://finance.yahoo.com/q?s=GBPUSD=X

Same thing happens with USDJPY=X and a few other currencies. Yet USDDOP=X works as well as DOPUSD=X.

Anyone have an idea what’s going on?

I notice collecting foreign currencies also cost alot,with RM10 impossible to collect any banknotes.u agree?

July 29th, 2009 stanley

Matt why u said RM10 can collect some foreighn banknotes

How Forex trading is useful for us?

July 29th, 2009 stanley

Hi yahoo answers tell me the use or purpose of forex trading…

Are there any FOREX demo accounts that are Macbook OSX compatible?

July 29th, 2009 stanley

Best currency to take to Side, Antalya, Turkey - Lira, Euro or Sterling?

July 29th, 2009 stanley

Some people have been saying Turkish Lira is better and some Euro or Sterling!

We’ll be in Side, Antalya and although the official currency is Lira some people say its better to take Euro or Sterling.

What will be best for shops/ restaurants/ excursions etc? I really don’t know which currency to change it to!

Excel: Please advise a function that will convert any currency amount in a cell to English words?

July 29th, 2009 stanley

Following is what I found on the net.

Excel 2002 and Excel 2003
To use Insert Function, follow these steps:
1.Select the cell that you want.
2.Click Insert Function on the Standard toolbar.
3.Under Or select a category, click User Defined.
4.In the Select a function list, click SpellNumber, and then click OK.
5.Enter the number or cell reference that you want, and then click OK.

I m using Excel 2003. But I am unable to find ‘USER DEFINED’ in the category. Please help.
Check the following to see the screenshot.
http://tempz.homestead.com/index2.html

Can I do forex trading online?

July 29th, 2009 stanley

Hi yahoo answers is it possible to do trading online…….

How to earn money on Forex trading?

July 29th, 2009 stanley

Earning money is difficult so tell me the ways to make it…

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