Discussion of Forex Trading and Currency Trading

Ordering Foreign Currency and Travelers Checks?

March 24th, 2009 stanley

How does a traveler oder those things at a bank?

What are the most effective forex scalping methods on the euro and pound?

March 24th, 2009 stanley

Looking for some concensus on what might be the best indicators — and combinations of indicators — that folks like to use, with insight into their setups, preferable trading times during the day, etc.

Do I need good credit to open a FOREX account?

March 24th, 2009 stanley

If I open a FOREX account with a broker are they going to check my credit?

Why not use US government bonds as currency?

March 24th, 2009 stanley

From my understanding, when the US government needs money it borrows it from the private Federal Reserve. Let's say the government needs $1 Billion dollars. So the US treasury then prints $1 Billion worth of treasury bonds and gives it to the Federal Reserve which in return exchanges it for $1 Billion worth of Federal Reserve notes which is also printed. In the end the US government then has to repay the Federal Reserve back with interest. My question is simple, why do we need the Federal Reserve at all? Instead of using "Federal Reserve Notes" that's printed by a private entity, why don't we instead just use "Treasury Bonds" which is directly printed by the government instead? By doing it this way, we would not need the private Federal Reserve and the government would not have to pay massive amounts of interest whenever it needs money. Just think of all the interest the US government has had to pay the the FED since 1913! What a waste. All that tax money taken from the people and just going in the pockets of bankers.

Does ebay convert your money in japan currency?

March 24th, 2009 stanley

i just sold an item on ebay. and for shipping for the U.S i had it at $3. But the guy who bought it was from Japan. How much would he cost to send a cassette to Japan?

I'm interested on Forex Trading but workshop training s so expensive..it s worth it?

March 24th, 2009 stanley

Forex Question. Dollar Strength.?

March 24th, 2009 stanley

Why is the €/$ £/$ keep sinking? When the economy of the US is so tanked, why do investors continue to buy the dollar? Is it because it's the safest of the trio? Or is that simply an illusion. If i'm Long with the €/$, how do you think it will be before I can turn my losses into profit?

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.

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