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• Foreign Currency Trading Course?
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Hi, has anybody either heard of or tried Amin Sadaks' Foreign Currency Trading Course? Is it any good?
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• Hi, has anybody either heard of or tried Amin Sadaks' Foreign Currency Trading Course?
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• Is the Forex Foreign Currency Exchange Course worthwhile, or a waste of money?
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Is it worth spending $5000 on the Forex course to trade Foreign Currency, plus the $5000 towards a trading account, or is it a scam & waste of money?
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• Learn Foreign Currency Trading?
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I am interested in learning foreign currency trading (FOREX). Does anyone know of a good legitimate free online training course?
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• Returns on Hedge Fund Investments?
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I am considering going on a foreign currencies trading course. I will like to know the estimated monthly or annual percentage returns, an average trader can expect, if I individual trades in foreign currencies.
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• Currency Trading: is it a viable long term way to make money from home?
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I went to an introduction to FOREX (foreign exchange) class recently and they were telling us how with a good education in FOREX you can consistently make money, and good money too, since you are trading 50 or 100 times what you have in your trading account. The complete course is $2000 and they were pushy for us to take the class so I didn't feel so confident about it, but i read up on the subject a bit and did a trial trade for about 30 days, I was up a lot at one point (about $8000) but in the end of the month i pretty muich broke even. WIth more knowledge and a proper education on the subject can it be a long term way of makin money?
DEAR ALL, thanks for your responses, overall you seem to think currency trading is high risk and not really a viable way of making money from home. I should have mentioned in my question that if i were to do it, i would want to rely more on technical analysis and all the ratios and different theorems etc. I would also be making trades that are from about 30 minutes to at most one day. Does this change anyones opinion on the subject?
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• about currency speculation?
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Hi... I need expertise's advice... I am a college student here in Manila, Philippines. And I start discovering about currency speculation, a year ago. I know that it can deliver you profits but also to have great losses.
I started speculating the US dollar by exchanging my philippine peso savings into it. However, since i fall in love with Canada and the U.K., i shifted to Canadian Dollar "loonie" and British Pound Sterling. Until this financial crisis battered and devaluate my pesos.
I don't wanna lose my bills, but I'm in doubt because of the declining value of those currencies.
About a year a go... 1 pound is 94 pesos; now it is 71.5; and it reached as low as 64!!!
for the loonie, they are almost the same with value the USD, with little centavos difference (when converted to pesos) and it reached one time that Canadian dollar surges and worth a little with the USD.
Last year it is 1 LOONIE is 44.60 pesos
now it is 40.14 and it bottom upto 36.10 for the past few months.
I KNOW that loonie is a commodity currency, and it depends on the price of gold,silver, copper and of course OIL!
how about the british pounds? aside from the foreign trade of Britain of pounds, where? in the financial sector of the banks?
If i were you, what we'll you do? Last year, i do not mind the little changes because of the very little fluctuation. Only now that i realized that even 0.0001 fluctuation in the currency rate affects much on the value. Especially when it deals with larger quantity of foreign currency..
for now, i have Canadian: $200
and 100 pounds.
do i need to stop this, shift to other currency? or what?
i am in a long term speculation, since this is my savings.
please enlighten me...
as of now, i have
$200; (Canadian dollar)
£100; (U.K. Pound)
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• CFA COACHING, FRM, CFP COACHING IN GURGAON (MEGAMIND INSTITUTE OF FINANCIAL MARKET) www.mifm.co.in?
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Megamind Institute of Financial Markets Pvt Ltd (MIFM) offers courses both for students and professionals. For the former aimed at knowledge enrichment and job employ ability and for the latter focused at personal development within their domain and growth. Need we say more?
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It is an internationally recognized certification which upgrades the knowledge of all aspects of personal finance. It is one of the fastest growing professions across the world. It signifies the importance of understanding the complexities of the financial products and services. It is a mark of big picture approach which is a pre-requisite for giving solution to the long-term financial problems of different individuals.
Technical Analysis:
If reading the pattern of stock market behavior is a problem for you, this course is the solution. It provides you tools for managing trading position. Its about generating tips & tricks for intra-day trading by using technical analysis. It provides you intensive training on how securities , price of equities , commodities etc. behave seeing the past behavior patterns of the markets and how to exploit that information to make money while avoiding losses.
Certificate in Stock Trading And Operation:
With the volumes being traded in the markets at all time high, interest of foreign & small domestic investors, stock markets are the buzz of newspaper headlines. CSTO course is specifically designed for its acceptance in the field of stock market and hence a competent day trader.
Certificate In Commodity And Currency Trading:
The legacy of Commodity trading was given to the world by India. The increased participation of India in world commodity trade has fuelled the demand for professional commodity traders. The Currency market in India has witnessed tremendous growth within one year of its inception. The Currency and Commodity market being niche financial market require trained professional and expertise.
CFA:
The CFA charter is respected as the gold standard of professional credentials within the global investment community. Administered by CFA Institute, the CFA Program offers you a graduate level curriculum and examination program intended to expand your working knowledge and practical skills relating to investment decision-making. Successful completion of the program and its requirements will earn you the CFA designation, one of the profession's most valued credentials.
About Level I and Level II classroom training:
--Special question bank of CFA Level 1 and Level 2 with detailed solutions
--100 hours of classroom instruction, and 10 hours of personalized one-on-one instruction depending upon the areas in which one needs specific help.
--Access to a data-bank of last 5 years' real CFA questions. First of its kind in India.
--All the classroom teaching content and methodology designed by Expert Faculties.
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--Complete mental training given to have the best possible execution in the "real six hours".
If you have any queries please do contact us. You can write to us, e-mail us or telephone us at the following address.
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M – 8, 1ST FLOOR OLD DLF COLONY, SECTOR – 14,
GURGAON.
www.mifm.co.in
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• Exchange rates and Trade Surpluses/Deficits.?
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From what I can tell, trade surpluses are good because it means we are taking in more foreign currency than we are paying out to fuel our economy; and trade deficits are bad because it means we are paying more out than we are taking in. Being a U.S. citizen, my country has the worst trade deficit of all the countries; and it isn't even close to the next worse which is Great Britain. This is supposed to contribute in part to our national deficit as well.
However, part of what effects the whole trade surplus and deficit equation has to deal with exchange rates as well. If our dollar appreciates (meaning it increases in value), it will cause a trade deficit; because it means that foreign countries would have to pay more for our goods, and therefore would buy less. Then the opposite holds true for a depreciating dollar, where it would cause a trade surplus because our goods become cheaper.
This is where I'm a bit at a loss. I may not be understanding the principle quite right; so if I am having a concept error in there, please help me correct it. It just makes everything seem it contradicts.
Common sense thinking suggests if our dollar is worth more, we can buy more with less currency. If it is worth less, we will need more currency to buy the same hypothetical amount of goods. Being a trade surplus is a result of a depreciated currency; wouldn't that too cause an increase in national debt? I mean depending on the the rate of depreciation a $1 million dollar bridge today could wind up costing $2 million dollars tomorrow. So spending would have to go up if we were to maintain normal operations, which would lead to higher national deficits; unless of course we cut back on government work and projects to offset the increase in costs for doing the same amount of work and purchasing the same amount of resources. Also, if we are borrowing money to a pay these bills; wouldn't the loaner want back the actual value of what they loaned back, plus interest? Lets say the value of the dollar drops to half of what it is today in a year; and China loaned us $1 trillion dollars today with a 10% APR interest rate. If we paid them $1.1. trillion a year from today, would that be good? China just took a $450 billion loss on the initial loan if you are looking at sheer value and purchasing power of the initial loan amount versus the depreciated value a year later.
With all of that said, I want to understand how depreciating an exchange rate in order to increase net exports and possibly cause a trade surplus to be good for a national economy? Because it doesn't seem to make sense, it seems like it would be bad (to depreciate the exchange rate).
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• How serious do you think the talk at the UN and in China of a new world currency?
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http://www.cbsnews.com/blogs/2009/09/09/taking_liberties/entry5298305.shtml
The United Nations would like the dollar, euro, yen, and other national currencies to be succeeded by a new "global currency."
That recommendation appears in a U.N. report released this week, which suggests the dollar's outsize role in international finance has ended -- and says that it's time to invent a successor currency that would be managed by a "Global Reserve Bank."
Countries could "agree to exchange their own currencies for the new currency, so that the global currency would be backed by a basket of currencies of all the members," says the 218-page report from the U.N. Conference on Trade and Development.
Keep in mind that this is a U.N. report written by bureaucrats without any actual legal ability to create the global equivalent of the Federal Reserve. Anyone who remembers how a U.N. agency once called for a global e-mail tax of one cent per 100 e-mail messages -- but didn't exactly get it -- can attest to that.
The U.N. report grew out of the financial problems that swept the world in the last year or two, which it diagnoses as arising from too much speculation in commodity markets, a bubble in stock markets and housing markets, and trade imbalances between countries like China and the United States. Its prescription? "More stringent financial regulation" and "diversification away from dollars" as part of a new system of constant exchange rates. (Supachai Panitchpakdi, UNCTAD's secretary-general, also wants "vigorous" global actions, including "managing" energy prices through taxes, to dramatically cut greenhouse gas emissions.)
The diversification-away-from-dollars idea is a close cousin to what the Chinese government has been saying recently. China, of course, can now claim the dubious honor of being the largest foreign holder of U.S. Treasurys worth a total of $776.4 billion as of June 2009. According to a U.S. government report from 2007, China was the top foreign owner of Freddie and Fannie bonds too.
One aspect of the U.N. report that stands out is that, in all of its 218 pages of analysis and charts, it doesn't seriously contemplate a new currency that's based on something other than paper money, which can be devalued as fast as governments can run their printing presses or add zeros to their banknotes. The two classic options are gold and silver -- which are resistant to governmental inflationary urges -- though I prefer economist David Friedman's suggestion of a bundle of commodities. Then again, returning to money that's backed by something tangible may not require the ongoing services of an entire U.N. bureaucracy.
Sorry I meant--How serious do you think the talk at the UN and in China of a new world currency IS?
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