2013년 11월 27일 수요일

About 'xe forex exchange'|Foreign exchange rate calculator







About 'xe forex exchange'|Foreign exchange rate calculator








For               those               who               have               followed               the               movements               of               currencies,               its               volatility               is               ce               rtainly               a               major               risk               '"               and               with               the               magnitude,               the               loss               can               be               enormous               within               a               day.

The               best               example               will               be               AUD:USD               pair,               back               in               late               2007               or               early               2008,               majority               of               people               are               predicting               AUD               will               break               through               USD               very               soon.
               Into               second               half               of               2008,               most               people               are               expecting               AUD               will               fall               under               $0.50               USD.

The               numbers               itself               explains               how               crazy               the               forex               market               can               be.
               I               have               known               many               investors               "jumping               into               last               wagon",               trying               to               predict               the               currency               movements,               but               they               have               failed               miserably,               the               volatility               experienced               today               on               currencies               is               really,               only               for               brave               hearts.
               "There               is               no               requirement               to               take               unnecessary               risks               when               comes               to               investments               "
               

               My               Strategies
               I               am               very               simple               minded.

One               way               or               another,               we               all               understand               forex               somehow,               you               will               start               paying               attention               to               Forex               you               start               planning               for               your               next               trip,               or               if               you               are               importing               or               exporting,               or               simply               buying               something               from               overseas.
               I               do               not               trade               Forex,               I               do               know               many               investor               s               s               have               made               massive               profit               s               or               losses               from               Forex               trading               especially               if               you               have               bought               USD               and               sold               AUD               in               2008,               with               leverage               up               to               100               times,               investors               can               make               massive               profit               s               or               massive               losses               beyond               comprehension               .
               ,               although               I               must               say,               majority               of               Forex               providers               have               stop-loss               functions               to               close               out               investors'               position               when               the               currency               fluctuates               against               their               way.

One               of               my               lunch               time               strategies               is:               Never               take               on               risks               that               you               do               not               know,               and               if               I               am               leveraged               100               times,               I               will               have               to               monitor               the               trading               screen               24/7,               no,               I               do               not               want               a               life               like               that.
               There               are               much               simpler               and               in               my               view,               safer               ways               to               benefit               from               currency               fluctuations:
               Simple               Currency               Hedging               Strategies:               Please               let               me               share               some               of               them               with               you:
               Lunch               Time               Currency               Investment               Strategies
               Opening               up               different               currency               accounts               '"               most               of               the               banks,               if               not               from               regional               banks,               try               larger               especially               international               banks               as               they               will               often               have               foreign               currency               term               deposits               or               even               savings               accounts               or               check               cheque               accounts               .

               Multi-currency               accounts               '"               Large               banks               like               Citibank               and               HSBC               also               have               multi-currency               accounts               where               you               can               hold               4               four               or               more               currencies               in               one               account,               which               allows               you               to               move               the               currency               to               one               another               just               by               clicking               a               button               or               through               a               phone               call.

Interest               rates               on               these               accounts               vary               greatly               depending               on               the               currency,               choice               of               currencies               also               varies,               the               most               common               currencies               available               are
               ·               AUD
               ·               ,               EUR
               ·               ,               GBP
               ·               ,               USD
               ·               ,               JPY,               and               some               even               offer               Chinese               RMB,               Hong               Kong               Dollars,               Singapore               Dollars               and               Swiss               Franc.
               In               th               e               i               s               e               extremely               volatile               markets,               s               S               ome               investors               hold               those               currencies               which               are               controlled               by               the               government               such               as               Chinese               RMB               and               most               of               the               currencies               used               in               the               Middle               East.



               My               Strategies
               First,               is               finding               a               good               source               for               information               on               exchange               rates,               and               there               are               quite               a               few               of               them:               I               use               is               www.xe.com               but               other               FX               providers               such               as               Easy               Forex,               GFT               all               provide               live               information.
               Then               you               have               to               work               out               what               you               are               actually               paying,               banks               do               make               a               profit               from               foreign               currencies               transactions,               this               can               be               in               the               form               of               transaction               fee,               or               making               profit               from               spot               rates.
               At               moment,               I               have               opened               HSBC               Multi-Currency               Accounts               '"               which               allows               me               to               hold               5               currencies:               AUD,               USD,               EUR,               SGD,               JPY               and               I               am               adding               GBP               and               CAD               as               we               speak               '"               this               is               a               great               way               for               me               to               add               currencies               whenever               there               is               some               movement.
               In               2009,               one               of               my               goals               is               to               further               diversify               that               and               this               includes               adding               Swiss               Franc               into               my               portfolio               .
               Multi-Currency               bank               accounts               fits               in               my               "20               Minutes"               trading               strategy               very               well,               I               just               check               the               latest               currency               rate               and               there               is               a               good               movement,               usually               up               or               down               1c               or               2c               which               is               quite               considerable               in               Forex               terms,               I               will               then               decide               if               I               wish               to               transfer               more               or               withdraw               funds               into               another               currency.






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