Gold Standard vs Fiat Currency? Which do you think is the better economic standard and why?

Posted in Currency Trading | 2 Comments »

will the currency of America change or devalued in future?

i have listened that the American currency is going to decline in coming days or any plan is going to make a currency is changing i hope u will give it answer if it is change it is completely related to my whole career.

Posted in Currency Trading | 1 Comment »

How FOREX profit works. Do brokers take a cut if say my gross profit is $1000?

K so, lets say at a 1% margin, I invest $500 into a forex broker. I get $50,000 in margin and invest in the USD/JPY at 90.232. I buy 6 lots blah blah blah.
My question is, if the currency I bought goes up, and I end up selling it and making a gross profit of $1000 (lifting my total balance to $51,000), do I get to keep the $1000, or merely 1% of $1000 which would be $10 (since I’m trading at a 1% margin).

If you do not understand that, I will try to put it simpler.

Since I started with $500 with 1% margin (So $50000), if I were to gain $1000 gross profit from trading, do I get to keep this $1000 profit I just made? Or do I only get 1% of it since the margin is based at 1% ($10).

This is a question I have been trying to answer for awhile.
Also, if you know any good brokers with low spreads (from at least 1.0 - 2.0) post their link in your answer. I will greatly appreciate it.
Why is no one answering the question?

Posted in forex trading | 5 Comments »

where can i learn about forex trading in Kenya?

am really new with forex trading and alot of the info i get online is a bit too technical for me. i was wondering perhaps i could get like a tutor .here in kenya

Posted in forex trading | 7 Comments »

tax on foreign currency income?

Under which section of Income Tax Act, income in foreign currency being received by resident Indians is exempted from Tax?

Posted in Currency Trading | 3 Comments »

What is Turkey Specimen vs Turkey Currency in Paper Money?

Hello Collectors
I’ve been wanting to start a foreign currency collection, while browsing ebay, I noticed a huge difference in prices when the item is listed as just Turkey Lira for what ever value and when the listing carries the word SPECIMEN in it and that goes for other currencies as well… could someone please give me some hints and tips and explain why the price could be as low as a few dollars verses hundreds or sometime thousands when the listing has the word specimen in it.. and if you could direct me to what’s a good collection to have in coins or paper currency, you will be greatly appreciated
Thanks

Posted in Currency Trading | 2 Comments »

Forex Pairs or Individual currency futures what is the benefit of pairs over individual currency?

Hi

I can’t figure this one guys, what is tha benefit of using most forex brokers like FXCM for currency pairs paying a 1-3% spread when I can trade any major individual currency futures for $4.75round trip with a futures broker.

Am I missing a big benefit of trading forex pairs somewhere?

Thanks

Posted in forex trading | 4 Comments »

Is Forex Trading is safe?

Can i trade in forex? is it really safe?

Posted in forex trading | 11 Comments »

Currency issue of 1865 to 1896?

Hi all,

I am learning about american history in school and I do not understand the currency issue between 1865 and 1896. What was the current situation?What were the probelm(s)?How was it resolved?After that resolution is that how it stayed until now?If not what is the status now?Please try to be clear and explain step by step.

Thanks

Posted in Currency Trading | 1 Comment »

Would you be ok using a world currency owned by a world bank?

Posted in Currency Trading | 1 Comment »