2006-09-05 20:26:07 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
Since this is an investment forum, I assume you want to trade currency for investment purposes. There are many different on-line forex trading firms most offer mock accounts to try before trading with live accounts. Minimum investments are anywhere from $200 to $10,000. I use CMS Forex http://www.cmsfx.com/, but there are many different companies. Most of the trading firms don't charge commissions, as they make their money on the spreads. Many different books exist on Forex trading. I suggest starting with: Forex Made Easy: Six Ways to Trade the Dollar, by James Dicks.
Warning: Forex trading is very difficult, and because of the huge leverage that most traders use, you can lose a lot of money very quickly. Practice for several months before you trade with a live account.
2006-09-06 01:49:11 · answer #1 · answered by howardrourke 3 · 0⤊ 0⤋
It depend in which country you want to do your operation. Each country has a different set of laws to organize this issue. Banks normally know very well the law, so passing by a bank remains the safer way. But with the bank, you normally are limited to the opening hours. In tourist areas, you may find Exchange offices with more flexible opening hours. In some places you may have Automatic Exchange Machines that do so.
Finally, if you want to speculate with money exchange, it becomes another issue, so I suggest to check with your bank or your financial broker. Hope it helps!
2006-09-06 03:50:15 · answer #2 · answered by FAA 2 · 0⤊ 0⤋
perhaps you can try forex. which is also excellent way for you to invest.
The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another.
try forex from here:
http://www.bernanke.cn/easy-forex/
Good Luck && Wish you make a fortune!
2006-09-07 02:08:13 · answer #3 · answered by stock_trade_expert 3 · 0⤊ 0⤋
Ii m not sure about your question but i thing you refering in Forex trading if so you need to find a best broker where you can buy or sell currencies but you need to know about what you doing its not that simple but any one can do it
2006-09-07 16:01:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
hey there, I want to buy some forign exchange as I am leaving for a trip to Europe ,if you have US $ or Swiss Francs then I can buy them from you & I'll give u equivalent Indian rupees.
Mail me on hotchocredrose@yahoo.com
2006-09-06 03:42:39 · answer #5 · answered by hotchocredrose 3 · 0⤊ 0⤋
through authorised foreign exchange dealers
2006-09-06 11:09:35 · answer #6 · answered by chikoo s 2 · 0⤊ 0⤋
at the bank but you will need to show proof that you are going to visit the country for some instances. Plane tickets & passport will do.
2006-09-06 03:29:36 · answer #7 · answered by Claude 6 · 0⤊ 0⤋
Your banking institution should be able to order whatever currency you need and debit it from your account. they can also take it in and send it out and credit your account for the US dollar equivalent of what you deposited
2006-09-06 03:28:39 · answer #8 · answered by brookie5303 3 · 0⤊ 0⤋