Discussion of Forex Trading and Currency Trading

Forex Trading in Pakistan …. Growing or Declining?

November 23rd, 2009 stanley

Do you think Forex Trading in Pakistan is growing or declining process. This industry need government support? How forex trading in Pakistan can grow more?
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Forex Trading in USA - Growing or Declining?

November 23rd, 2009 stanley

Forex Trading in USA is growing or declining ? As USD is going week every week. Government supports Forex Trading in USA? There are lots of frauds exists in Forex Trading USA. how government will solve this issue.

New York City Foreign Exchange Currency Conversion Hong Kong Dollars?

November 23rd, 2009 stanley

Hi,

I need to convert a large sum of Hong Kong Dollars into US Dollars in Manhattan, NYC and I need to get closest to market rate around 7.75 HKD per USD - is there anywhere this can be done?
I need to convert a large sum of Hong Kong Dollars into US Dollars in Manhattan, NYC and I need to get closest to market rate around 7.75 HKD per USD - is there anywhere this can be done?

Additon: I guess what I am trying to get is a specific answer not generic advice as the first guy below. is there a specfic exchange i can go to for least spread. i know i can go to my bank moron.

Is it better to exchange currency once you arrive at your destination or at your origin’s airport/bank?

November 23rd, 2009 stanley

Hi there,

Will I get a better currency exchange rate if I buy £ once I arrive in UK or shall I rather exchange at the country of origin?

When I came to China for holiday I’ve found that I got better exchange rates for my £ than when in London. So I am wondering if I will get better exchange rates for Polish currency if I take it to London and then exchange, rather than exchanging it in Poland.

In case it sounds confusing, basically if I have 10000Zl and want to change it to Pound Sterling. Am I better off changing the currency once I’m in UK or should I do it beforehand?

Hope someone can help, thanks

If I Open a trade in forex, Does it mean I’m creating a "market order"?

November 23rd, 2009 stanley

I’m a newbie in forex trading, just downloaded a broker platform and doing demo/practice account.
There I see option called "open trade" and also called "create order". I’m confused that whether in order to open a position shall I click "open trade" or "create order" because what I learned from forex tutorials is that in order to buy or sell instantly, you should create a "market order", but in my demo practice account trade is opened by just mere clicking on "open trade", so I wonder what role plays the "create order"

I am looking for a new broker for Stocks and Forex.?

November 23rd, 2009 stanley

Hey folks,
I am looking for a new broker for Stocks and Forex.

I have been using TD Ameritrade for stocks for a few years.
Pros: Like their platform.
Cons: They don’t do forex and their commissions are high.

Opened an account with Interactive Brokers last week.
Pros: Brokerage fees are cheap and they cover stocks and forex (and others).
Cons: I don’t like their platform or margin leverage.

Opened a “Paper” Think or Swim account last week.
Pros: Like their platform better than IB’s but not as much as TDA’s. Margin leverage perfect.
Cons: Commissions are high.

So, here’s what I require and am still in search of. Hopefully ya’ll can point me in the right direction.
I need:
A very user-friendly platform
Ability to trade stocks and forex
Low commissions
Margin of 2:1 for stocks
Margin of 100:1 for forex

Thanks in advance for any info!
Happy trading!

arabic paper currency?

November 23rd, 2009 stanley

does anyone know how i would find out about arabic paper currency that is pretty old,and has been in my family for years, I am hoping that it is worth more than what it is! :)

Help with Spain currency..?

November 23rd, 2009 stanley

if a house costs 1,039,000 €, how much would that be in US dollars?

10 points best answer! I need to know!!!

(:

Forex Market Order, Create Order in forex platforms?

November 23rd, 2009 stanley

I’m new to Forex, just started a demo account with a forex broker. I open a position by clicking the tab "open trade", but there are some more options nearby like "market order", "create order". I don’t know what the use of these market order or create or order. Someone please help me with this.

What is the procedure for opening Forex Trading accounts online? (For Indians)?

November 23rd, 2009 stanley
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