2006-09-27 18:46:17 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
I can buy dollars in Tijuana for 10.95, how can I arbitrate that using the forex?
2006-09-27 18:59:21 · update #1
The active verb in your question is "trade."
Any trader will tell you that you cannot succeed with any trading vehicle, whether gold, stock, oil, or currency, unless you have good volume, liquidity, and decent spreads. You are lacking in all three on the Peso.
If you want to invest in this currency and hold it for awhile, that's possible through Forex. But if you want to "trade," choose from among the six major currency pairs, and the eight cross pairs.
2006-09-28 06:00:48 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
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2006-09-28 02:24:49 · answer #2 · answered by gary 1 · 0⤊ 2⤋
Yes, that's possible. The price range at this moment (7.53.26 AM in Holland / CET) is 11.0330-11.0530. That directly answers the pips part of your question :)
For your added question: That's probably the notes you would buy than. Different prices for exchange of notes. Would have to check in to that for you if you need more info.
2006-09-28 01:54:19 · answer #3 · answered by Patrick L 3 · 0⤊ 0⤋
Not sure..You can learn more about forex trading for free at -
www.dailyfx.com
http://the-forex-trading.blogspot.com
www.gftforex.com
2006-10-01 20:11:42 · answer #4 · answered by rahul 3 · 0⤊ 0⤋