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• hi does anyone know about the mscs-rrr forex foreign currency trading e-book?
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hi does anyone know about the mscs-rrr forex foreign currency trading e-book program that's all over the internet ? can anyone tell me if it's a scam or not and can anyone also tell me ways that i can find out on the internet if it's for real or not ? thanking you in advance.
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• Recommend currency trading books for beginners?
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I've always been interested in the foreign exchange markets and I want to learn more before getting into it. The problem is that whenever I come across a book for beginners, the reviews are so conflicting that I don't want to take the risk of reading it and confusing myself. Are there any books available that is considered to be the standard for currency trading? Ones that don't favor certain companies and business; just a basic straight-forward introduction on foreign exchange and getting started.
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• hi have anyone heard of the forex mscs-rrr currency trading e-book?
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hi has any one heard of the forex foreign currency trading e-book program called mscs-rrr that's all over the internet? could anyone tell me if it's a scam or not and how can i use the internet to find out if it's a scam or not? thanking you in advance.
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• where can i find a good book on foreign trade policies?
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particularly involving how to manage inflation and deflation or foreign trade and currency. i would like to purchase locally; even a textbook would do. thanks for any suggestions!
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• The Fed engages in FX trading? What!?
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My book says this: "Had foreigners not wanted to use their dollars to buy investments in the United States, our government would have been forced to draw down its official reserves and use its holdings of foreign currencies to trade for al the dollars that foreigners held."
I'm not doubting this is true, but there are two things I don't understand:
1. Why does the Fed do this? Why doesn't the Fed, when a foreigner comes to it with U.S. dollars, say, "Get lost! If you wanna get rid of them, you have to spend them on U.S. goods somehow!"?
2. Also, where did the Fed acquire foreign currency to begin with?
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• Is this true about USA? ?
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" When as a result of the so-called trade in currencies the companies in the poor countries faced bankruptcy, the Governments were told not to bail out any company or bank which was in deep trouble. The Americans claimed that these companies or banks were inefficient and they should be allowed to go bankrupt and perish. Better still they should be sold at fire-sale price to American investors."
"Yet today we see the US Government readying US700 billion to brazenly bail out banks, mortgage companies and insurance companies."
"Where does the money come from? From thin air as no real money in cash or bullion or anything tangible are moved into the bankrupt banks. The money is just in the form of loan papers and entries in the books of the banks or companies"
"The US 700 billion has no backing whatsoever. No gold reserves, no foreign currency reserves as required for other countries. Without such backing the US Dollar is actually useless. Only the military power of the US is forcing the world to give value to the US Dollar"
"Desperate to avoid a serious recession the US has abandoned all its principles. It has now banned short selling, limited currency trading and insist that the accounts of hedge funds and currency traders to be open for inspection and be published"
"In the final spasm of fear, the Government has given itself the right to resolve the problem of bankrupt banks and companies by the Government taking over i.e. the great capitalist country has accepted what is nothing more than nationalisation which it had condemned so much before"
"The US now owes the world US 14 trillion. There is no way it can ever settle this debt. If other countries fail to repay or service their debts, the US would demand that they be made bankrupt. Now the US is literally bankrupt but it still insists that the pieces of paper, the famous or infamous greenbacks have some value. It actually has no value. Certainly it cannot be used to finance wars of aggression against Iraq and Afghanistan, to finance the CIA (Central Intelligence Agency) activities in undermining Governments and countries. But still the US' ability to threaten countries is undiminished"
This is one of the blog i read somewhere.
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• I want to Learn about Forex Market?
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"Foreign Exchange" is the simultaneous buying of one currency and selling of another. I understand is a good business but I have no knowledge about it. I read books but could not understand the trick. Can someone put me through all the steps and tricks I need to trade in the forex market. Thanks.
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• What's the best way to manage risk capitol in the Foreign Exchange market?
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A little more detail.
I've traded - unsuccessfully - in the stock market for a strong while. After nearly two years of trading, I was down about 17% over the period (a margin account with 25 to 50 per cent leverage, by SEC regulations). There were a couple of really good times, but there were more times were I couldn't help pulling my short, irregular hair out.
I decided that the commodities markets were a little too, well, newsy for me and I backed off for about 3 months. Now, I've delegated the remaining capitol to the currency exchange markets for all of the obvious reasons. I find that these markets play to the news that everyone hears. Japan's earthquakes, the U.S. QE2 announcement, Portugal's undergoing: These things we here on the radio. And the market moves quickly; much faster than any security, and worse still with, say, 50 to 1 leverage.
Now, I've read books. Following Market Wizards is probably by far the easiest way to stand on the shoulders of giants. In specifically this example, there are a couple of interviews where Ph.D level mathematicians, scholars, ex-military and the most successful of traders alike disagree on the subject of how much risk is too much risk.
A no-tolerance hundred-millionaire says to stuff emotion and make everything a 1% bet, setting stops at 1%, trailing stops at 1%, and taking at 1%.
A mathematician says that, based on linear curve, the best bet is a 2% risk, because, after such risk, reward becomes the underweight.
Most MT4 experts with risk built into them seem to prefer 2.5%.
My question is: If you're a trader that follows these people and methods, and simply the best risk strategy must be betting between 0.5% and 3%, then of what are you betting a percent? Each point? Account equity? Balance? Margin?
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• How is foreign exchange being valued? What value decides which? Please describe how are valuations decided?
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I do know it is a $4 Trillion a day volume market.
Please describe how are valuations decided.
Please avoid point blank answers such as "supply and demand" or "bid-ask" dictates pricing.
I do know most of the trading happens in London, weekdays... based on GMT.
I do know it is OTC and many big international banks play with money. Now the main question is: How does bank A and bank B who trade two currencies settle on pricing?
Relating it to the Bretton Woods agreement gives you more points!
My teacher pretends to know it but can't really explain it. It gets frustrating that many online sites and my book only provides a very brief overview.
A very detailed answer will be most appreciated.
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• Really having some difficulties with understanding Exchange Rates (Macroeconomics)?
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Hey everyone, I'm currently taking Macroeconomics and I absolutely love it, but now that we have moved into exchange rates I am having an extremely difficult time. The book does not expand upon it very well, and has almost no examples. Here are seven questions in the books mini quiz at the end of the chapter, I would really appreciate it if anyone could give explanations as to each answer so I can really understand the concept for future references to Exchange Rates. Thank you =]
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1.Suppose that McDonalds Imports 78,000 lbs of meat from Spain. The company would pay for the meat with
U.S. dollars.
Euros.
Spanish currency.
Gold or silver.
General African currency.
2.Which of the following is true in relation to the international value of a country with floating exchange rates?
It is determined by countries investors in the foreign exchange market.
It is determined by foreign investors in the foreign exchange market.
It is determined by foreign and countries investors in the foreign exchange market.
It is determined by the federal government.
It is determined by the foreign governments in the foreign exchange market.
3.If actions of the Mexican government caused a shortage of domestic currency, then the Mexican government fixed the exchange rate
above the market equilibrium and dollars per peso will tend to rise.
below the market equilibrium and dollars per peso will tend to rise.
below the market equilibrium and dollars per peso will tend to fall.
above the market equilibrium and dollars per peso will tend to fall.
below the market equilibrium and peso per dollars will tend to rise.
4.Suppose the CountryA and CountryB sign a free trade agreement. If real interest rates increase in the CountryA but not in CountryB, which of the following will be true of CountryB capital flow, exports, and the value of the CountryB real? (Capital Flow / Exports / Value of Real)
Inflow / Increase / Depreciate.
Inflow / Decrease / Appreciate.
Outflow / Increase / Appreciate.
Outflow / Decrease / Appreciate.
Outflow / Increase / Depreciate.
5.Suppose Americans began purchasing real assets in Europe. How would this impact the foreign exchange market for the dollar and the euro price of the dollar? (Supply of dollar /Euro Price of dollar)
Increase / Increase
Increase / Decrease
Decrease / Increase
Decrease / Decrease
Decrease / Not Change
6.The Euro is currently trading for 6 pesos per euro. If the exchange rate adjusts to 9 pesos per euro then
the euro has depreciated.
the euro has appreciated.
the peso has appreciated.
both the peso and the euro have appreciated.
both the peso and the euro have depreciated.
7.Suppose GDP increases more in India than it does in Mexico. What is the short-run impact of this change in GDP on Mexican net exports, the value of the peso, and the value of the Indian rupee? (Net Exports / Mexican peso/ Indian rupee)
Increase / Appreciate / Depreciate
Decrease / Appreciate / Depreciate
Increase / Depreciate / Appreciate
Decrease / Depreciate / Appreciate
Increase / Depreciate / Depreciate
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