Is it possible to win money from FOREX with 3 or more different rates?
Hello everyone,
I’m wondering if it is possible to win money from FOREX with only changing currencies.
For example, we have 10000 USD.
We change it to EUR. Than we change the EUR to JPY and we have like 10000,03 $.
Is there any moment to catch (possibly with a local script) that this three rates make this possible.
Thank you.
July 17th, 2010 at 5:06 am
transacting in currency speculative market is like bird hunting in lions land.
in your above calculation you had not considered of deductible charges on transaction.
July 17th, 2010 at 5:48 am
No, because all the currency rate are adjusted to prevent such arbitrage opportunity as you have mentioned. Not to mention you’ll need to pay for the transaction as well. The idea is this, the world of finance is so efficient at one point in time, that any good money-making opportunity around would have already been long exploited by the experts/professionals.
July 17th, 2010 at 6:00 am
No not really, it would be a better use of your time to take the 10k invest it in a forex account and trade currency pairs. It is easier to make money if you know what you are doing. More people lose money the forex market then make money and it is simply because they have no idea of what they are doing. If you learn how to trade forex correctly but doing your research and building a game winning plan then you can profit from trading currency pairs.
July 17th, 2010 at 6:48 am
In MY opinion:
With good data analysis software one could use multiple currency pairs to make a powerful prediction.
July 17th, 2010 at 7:30 am
If you’re asking about forex investments with leverage, it’s not possible. You can sell currency pairs that you bought, and vice versa.