i want to know what RM stands for in currency terms and its US dollar equivalent?
August 23rd, 2009 stanley1 RM=how many dollars or vice-vasa
1 RM=how many dollars or vice-vasa
LOOKING FOR A REPUTABLE WEB SITE/COMPANY
WHO ANALYSIS FOREX MARKET ON WEEKLY AND MONTHLY BASIS.
Is every trade always profitable as promised. Also what is the best trader for cheap?
I’m thinking about forex maestro?
I know that it is somewhat related to the economic situation of a country, but it still does not make complete sense to me.
England for example has the British Pound and it is one of the strongest currencies in the world. However, England does by far not have the world’s strongest economy. So why is it so extremely high?
And some countries keep their currencies high even though they should trade or be exchange for a much lower rate. The Thai currency for instance is incredibly stable, but it should actually trade for less from what I heard. So how come they can just keep it strong like that?
And in Turkey for instance, $1 equaled about 4,000,000 turkish lira or even more. So then they just cut all the zeros. Now their currency all of a sudden seems strong.
So why don’t other countries just also cut the zeros in weaker currencies or maybe or give it more value. For instance, why doesn’t Mexico just come out with new money and says that 2 pesos is equal to $1 now. I mean if Turkey did it.
Just wondering what roughly 450 Egyptian pounds would buy me in Egypt? I know its equal to about $100 Australian dollars but im not sure what it is worth trade wise. Im just curious as I am looking to go there on holiday soon.
I have had a practice Forex account for a few months now and have been experimenting with it in terms of leverage in which I always use 1:25 now, and the currency pair I am familiar with; GBP/USD and have discovered that so far at least, and hopefully always, I keep on making 10%+ profit onto my capital every time I trade using my personal strategy I’ve developed.
I am going to be 18 in a few weeks time and I intend to put in a few hundred to open up a real Forex trading account, and what I’d like to know is if its possible that by always using the same currency pair, if I could become a millionaire all in good time if I keep on making consistent profits as such with the GBP/USD? Has anybody ever only traded 1 currency pair always, and made a million starting with little capital? Has this ever been done before, and is it possible to do?
I am nearly 18 and I should have saved up £5,000 by this age. I’m looking to trade currency CFDs (Contracts for Differences) starting with my £5,000 in savings. What I’d like to know is if it would be possible to parley my £5,000 investment into £500,000 within 2 years trading currencies, and if it has been done before by anyone?
is it like, too risky for a beginner?
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