Currency Exchange

kelfisher asked:


I am looking to transfer UK pounds to Australian Dollars, however, the rate is low at the moment and would like to know the best time to transfer. Does anybody know a good website(s) for long term forward predictions on currency exchange or hear predictions from people in foreign exchange.

Many thanks

Kevin S asked:


Or is it 24 hours, 5 days per week, 52 weeks per year?
I have two people saying that there are no holidays and one that says there are a few. Anyone seeing this mind rating their answers or giving me a link? Thanks!
Thank you all for your answers. Say it is the 4th of July. Would I expect the New York exchange to be closed, while the market remained remained open 24 hours from another exchange? Or would New York remain open as it is electronic, and there would just be lower volume as both bigger players and traders took off?

Thanks for your help.

Joey W asked:


Do you know anybody like that? I feel really ready to start with a symbolic amount of money, but I know for sure that a huge majority of people who start go bankrupt after a few months… And I don’t think they’re all dumb…

sunny a asked:


I have this neighbour who rides luxury cars and has houses here and there by doing FOREX alone. Is these really possible ? I thought FOREX is like a roulette. You are basically gambling your money away?

slash4gunners asked:


Some people said it is very long i.e. 2 to 10 years is it true?

Me asked:


So much confusion, is it at 12 am EST or at 5 PM EST? When do most people do it and which times are the best to calculate pivots?

eagleswing asked:


I’m looking to get into forex trading and was wondering how I could find somebody to teach me. Also I found this site www.marketiva.com and it says that you can start trading for $1 but when I went to open an account they said that they didn’t accept people from the US, so I was wondering if there was any others like that one?

vagabond79 asked:


I trade only stocks right now but I’ve heard people swear by trading futures or forex. I’ve never tried either. Is one more volatile and therefore easier to make more money?

Tom C asked:


I’m after a book introducing me to the inner workings of Forex trading. I’ve taken a quick look at a few books, but they all appear to be written by people that make a living from Forex trading, rather than writing about how to do it & providing seminars?

When you Google or Wikipedia the authors, you don’t seem to find a lot of information about them, other than they have written a book!