Which currency is the most popular for LDCs to peg their currency to?
March 18th, 2008 stanleyLDC is "less developed country"
LDC is "less developed country"
What exactly is the Margin Balance and Max Deal size in Forex accounts? I have a practice account and when my max deal size was $0, it automatically closed all of my positions. Does this always happen? If so, how much of my balance would you recommend that I trade at once? Lets say I have $50,000 with 100:1 leverage.
Can anybody explain what rollover fees are in Forex? I know they are the differences in overnight rates, but I still don't understand them. I saw a chart that had different values for each currency pair, why are some positive and some negative? If this chart is accurate, should I just trade currency pairs with a positive rollover fee?
The rates of exchange at a bank are as follows.
US $1.00=TT$4.25
CAN $1.00=TT$3.50
A) A tourist changed US $900 to Trinidad and Tobago currency. Calculate the amount she receives.
B) She spends TT$2 425 and change the remaining Trinidad and Tobago currency to Canadian currency. Calculate the amount of money she received.
NOTE: TT mean Trinidad and Tobago
Given that Trinidad and Tobago $1.00= EC 1.12
& Trinidad and Tobago 4.25=US $1.00
Convert
a) TT $1.00=EC $1.12
b) EC$850.00 to US
What is hot right now?
my problem is I can't use any of these free demos online.
I'm not an idiot but I can't understand them. I don't know if I'm making money or if I'm losing money. It is getting very frustrating because I want to start learning ASAP, but most the online resources are crap. I prefer taking classes, and I haven't even found 1 in all of toronto. Everytime I try to search on google all these sites come with a bunch of scam artists trying to sell their program or online classes about how to make money. I don't want to learn how to make money, I want to learn how to use the freakin platforms, I'll come up with my own strategy.
Btw I'm already pretty good with stocks, it's just that the market is horrible right now, and you need a bigger initial investment in stocks to make any decent money
It is indeed amazing to see some countries can Print-Money-At-Will for a living. And, some countries(a lot of them) had to work their butt out to get world currencies!
Even more amazing is Printing-At-Will can condamn Working-Get-It for causing inflation!
Anyway: the following countries can print at will:
US
UK
Europe Union
Japan
The rest of the world, including China, had to work hard to get the above currencies.———in order to build "their reserves" to trade on this world!
An american tourist changed U.S $700 into Trinidad and Tobago dollars at a rate of us $1.00=TT$4.26, she spent in trinidad, TT$1302, She then travels to barbados where she changes her Trinidad and Tobago dollars to barbados dollars, the exchange being TT$2.10=BDS 1.00.
A) How much trinidad and tobago dollars did she receive?
b)How much Barbados dollars did she get?