answersLogoWhite

0

Even in today's economic climate currency trading can be profitable. Before you start though you should research it and make sure you know what you are doing. If you do that then yes you can make a profit.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

Where can one find news on currency trading?

One can find news on currency trading news at Forex News Trading. You can look at current foreign currency exchange rates, so you can mobile trading as well.


What is the current trading currency in the world?

The US dollsr remains the current standard.


Where online can I learn the current currency trading rates?

You can learn about the current currency trading, or exchange rates, by visiting http://www.x-rates.com/. You can select which currency you wish to compare the exchange rates on and over what period of time.


How can I make money with currency exchange?

You can make money with currency exchange by buying a currency when its value is low and selling it when its value is high. This is known as trading currencies, and it involves monitoring exchange rates and market trends to make profitable decisions. Keep in mind that currency trading can be risky and requires knowledge and experience to be successful.


What is your prediction of the US economy in the future?

We're going to be trading in McDonald's fries as our new currency.


What does forex arbitrage mean?

Forex arbitrage is forex trading strategy where an individual locates a currency exchange rate that is incorrectly priced, and then utilizing this with another currency pricing to create a profitable trade.


What was Virginia's economy in the 1700's?

Lumber trading and Tobacco were very profitable at the time. Also farming and slave trade was key.


What was the Iroquois Indians economy like?

It was a traditional economy based on customs and traditions. They had no form of currency, but instead used a system of trading and bartering.


What books are there that cover currency trading strategies?

There are too many books on the subject of currency trading strategies to list them all. But here is a selection of books on currency trading sold on Amazon: Currency Trading For Dummies, Forex Made Simple, Getting Started In Currency Trading and The Little Book Of Currency Trading.


What are some tips for currency exchange and trading currency on the foreign market?

There are several tips for currency exchange and trading currency on the foreign market. Some of these include understanding the strategies of the market, managing risks, to not expect to win on every trade, and to do lots of research on what the current statistics and data are.


How do you find out the online currency trading rate?

If you are looking for information on online currency trading there are several online currency trading brokers which will provide you with up to the second trading information.


How are currency conversions done?

Trading of foreign monies are being done continually. Currency conversions are done by exchanging two different forms of money. One value of currency is traded for the current value of the other currency.