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How an investor can make money in the currency exchange market?
Wiki User
∙ 12y ago
By buying and selling currencies of different countries.
Ex: Let us say today 21 Dec you buy 1000 Singapore dollars from India @ the rate of Rs. 34 per dollar. One month later on 21 Jan you see that the sing dollar has appreciated to Rs. 35 per dollar, you go ahead and sell the Singapore dollars thereby pocketing the profit of Rs. 1 per dollar i.e., 1000 rupees.
Rusty Hahn
Wiki User
∙ 12y agoBy buying and selling currencies of different countries.
Ex: Let us say today 21 Dec you buy 1000 Singapore dollars from India @ the rate of Rs. 34 per dollar. One month later on 21 Jan you see that the sing dollar has appreciated to Rs. 35 per dollar, you go ahead and sell the Singapore dollars thereby pocketing the profit of Rs. 1 per dollar i.e., 1000 rupees.
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Why is it possible to make money in the currency exchange market?
Exchange rates are always fluctuating.
What are the differences between foreign exchange market and equity market?
Foreign exchange (forex) is the global market of currency (money) , equity market (stock market) is the global market of shares (small pieces of large companies)
Which of following best explains what happens in the currency exchange market?
Money is bought and sold using other types of money
What does the term exchange money mean?
Exchange money means that somebody change a currency into an other currency. This can be done at a bank or a money exchange shop. An exchange is often required at a visit of an other nation which use an other currency.
What does the term exchange means?
Exchange money means that somebody change a currency into an other currency. This can be done at a bank or a money exchange shop. An exchange is often required at a visit of an other nation which use an other currency.
What is the differences between stock market and currency exchange market?
Ownership in companies is traded in the Stock Market while ownership of foreign money is traded in the currency exchange market.
What is the difference between the stock market and the currency exchange market?
Ownership in companies is traded in the Stock Market while ownership of foreign money is traded in the currency exchange market.
In which market is the money bought and sold using other types of money?
The currency exchange market
Why is it possible to make money in the currency exchange market?
Exchange rates are always fluctuating.
Is it possible to make Money in the currency exchange market?
Exchange rates are always fluctuating.
What is difference between money market and foreign exchange market?
Foreign exchange market is a market where foreign exchange currency problems are resolved in international trade. Where as Money market is for the lending and borrowing of short term loans.
What are the differences between foreign exchange market and equity market?
Foreign exchange (forex) is the global market of currency (money) , equity market (stock market) is the global market of shares (small pieces of large companies)
U.S. Currency Exchange Rate ?
If you are interested in getting involved in the currency exchange market, you will definitely need to pay attention to the U.S. Currency Exchange Rate. For one thing, when you start trading you will have U.S. Dollars to start with. Therefore you will need to know how much of another currency you will be able to purchase as an exchange with that value.There are many different things that contribute to how the U.S. Currency Exchange Rate but all of the reasons are economic and come together to affect how the Dollar is valued. When you are watching the currency exchange market, you will be watching many different currencies and finding out how they are all performing in comparison to each other.To get involved in the currency exchange market as an individual investor, it is probably a good idea to have a solid knowledge of the U.S. currency exchange rate. Talking to seasoned investors or a financial investment advisor is a good idea because this is a risky investment and there are no guarantees that you investments will perform as you expect.There are groups of investors that you can pool your money with in order to have better returns. If you are inexperienced, this is usually a good idea to at least get started. The action in the currency exchange market is continuous and to be a good investor, you need to watch the rates on a daily basis. It’s advisable to make sure that you have the time required to make smart investments based on the U.S. currency exchange rate.If you want to know more, do some research on currency exchange and how the process works. You will most likely access your trades and account via a website or computer program set up specifically to work through a brokerage which does the buying and selling on your behalf and at your request. There is a lot of money to be made in the currency exchange market if you know the process and have a good idea for which trades are the best move on any given day of the year.
What is the premium on money in a currency exchange?
Agio is the term for the premium on money in a currency exchange.
Which of following best explains what happens in the currency exchange market?
Money is bought and sold using other types of money
What does the term exchange money mean?
Exchange money means that somebody change a currency into an other currency. This can be done at a bank or a money exchange shop. An exchange is often required at a visit of an other nation which use an other currency.
What does the term exchange means?
Exchange money means that somebody change a currency into an other currency. This can be done at a bank or a money exchange shop. An exchange is often required at a visit of an other nation which use an other currency.
