Currency Trading

$25000

There is no way to determine one currency's exchange rate.

To find out what is the value of one currncy it has to be compare to another currency.

For example, you can check what is the exchange rate of the Indian currency (INR) in comparison the US Dollar (USD). Currently the USD/INR is worth 55.5

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FX currency is also known as FOREX currency trading. It is regarded as the value of a country's currency in comparison to another country. Exchange rates are determine by foreign markets.

live in a cave.

thats completely impossible.

500 tpanizza the laoaaa in dolare

About 90 Rupee

HBC (Hudson Bay Company) used beaver skins as a form of currency between the Natives. Beaver skin because it was the most prized fur.

Such brokers are also called Market Makers. These brokers do take opposite of your trade and benefit from you losing on your trade. This practice is popular in Forex Market because it is not centralized as other markets. For example DOW, CME, Nikki etc centralizes the whole process, every trade that is executed is goes via their server. So the price you see on your broken screen is the real price that everyone else sees. This however is not the case with Forex. A Forex broker can increase the spreads and prices thus varies from broker to broker.

The currency rate fluctuates at regular intervals. I think presently it's around the 40INR - 44INR to a USD

At the current rate of exchange, one Polish zloty is worth .36¢ in American money.

The answer is yes, but not every trade will become rich from trading the Forex. The FX market provides us with the opportunity to use leverage what can increase a trader's return on investment substantially. However, most traders are unable to understand the risks and rewards of using leverage and many end up getting burned.

There are a couple of famous investors who have made billions with the Forex. Including, George Soros, Bill Gates, and Warren Bugget

Personally, I have only met 2-3 Forex traders who have become rich from the Forex market. Nevertheless, you can still become a billionaire if you know hat you are doing and are consistent.

The forex market (or any speculative financial market) is the only way in my opinion that one person can become wealthy in a short amount of time. A traditional business takes much longer to accumulate wealth.

The currency in French Polynesia is Franc and its code is XPF

54.00 EUR=$80.32

To determine the current value of £5 from 1973, we can use historical inflation rates. In the UK, inflation has significantly reduced the purchasing power of money over the decades. As of 2023, £5 from 1973 is roughly equivalent to about £40 to £50, depending on the specific inflation measure used. This reflects the general increase in prices and cost of living in the UK since that time.

If the US dollar depreciates, the currency pairs such as EUR/USD, AUD/USD, GBP/USD...., and commodities that dominated in US dollar including Gold, Silver... will go up. In terms of investment, capital will run out of US and flow into areas which have higher rates. Reference: Alpari analytics

A little less than 7 Yuan equal 1 US Dollar.

-glavanway

China uses the yuan. About 7 yuan equal 1 US dollar.

-glavanway

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In Forex trading, there are various fees and charges to be aware of. These may include spreads (the difference between the buy and sell price), commissions (if applicable), and overnight financing costs for holding positions overnight.

The forex market is open 24 hours a day in different parts of the world, from 5 p.m. EST on Sunday until 4 p.m. EST on Friday. The ability of the forex to trade over a 24-hour period is due in part to different international time zones.

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By halaal I'm assuming you mean to ask if it complies with the Islamic law.

Some forex brokers have set up Islamic accounts specifically for this purpose. They are know as Islamic or Swap free accounts.

The basic premise of the "islamic-safe" type of forex accounts comes from Shariah law interpretation that muslim cannot receive anything in return for giving. This means no interest can be given or received on any financial account.

It is very risky, but pays high interest.

High Risk = High Return, but beware, if it's value declines, you could be left holding only pretty paper!