Forex: Opportunity in times of crisis
A force of back and forth between France and the United States after living there 6 months, I found a little against me to arbitrate between euros and dollars. Sometimes I had to pay my bills in U.S. dollars when I had money in my account in Euros â, ¬, and vice versa,
The first time I have to make transfers between my accounts noted that the exchange rate of EUR / USD has increased or decreased compared with the last time. Sometimes, to my advantage, sometimes to my disadvantage …
And then one day I decided to make a transfer to and was interrupted by a phone call. (When is in the U.S. and we'll call sometimes impossible France – Forces of jet lag – In general, you respond without thinking;)), which finally ended the shipment until the next day … and found 24 hours in the exchange rate rose from 1.29 to 1.26 dollars per 1 â, ¬. 2.4% change …
Making a little more attention I realized that change was not extraordinary and that the current USD / EUR often varied significantly, sometimes up, sometimes to down.
He installed an application to monitor changes on my iPhone and I started to see the EUR / USD several times a day. The same day that everything rises and falls time …
Then you say, the stock market is so up and down all the time … yes … but the impression that the rate of change is even more … yoyo ( "volatile", they say;))
Indeed, there is a market for the coin called Forex (Foreign Exchange) and is hyperactive (1 900 million traded per day in 2004, according to Wikipedia!) and without ever actually whenever I Arbitration was USD and EUR, or otherwise, my bank has adopted an ordinance on the Forex – Or maybe they do their internal Tambouille a certain amount … but still only a few hours (minutes?), sooner or later could make a big difference …
I must say that I should get my orders Forex "I", "live" … I have no illusions about the "I have lived, what I mean" team "and in" real time ", while the banker decide the appropriate time (for him) or a bad time (for me)!
Looking around realize that there is an incredible mix of offers in the region and that everyone wants to sell something to help you with Forex trading … It is very confusing … but I think I a closer look …
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About the Author
I am a Forex Trader.I love currency trading.
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