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Questions tagged [foreign-exchange]

This tag is to be used for any question related to rates between 2 pairs of currencies. If the question is generic, only this tag is sufficient. If its specific for a pair of currencies, ideally both the currency tags should also be used.

1
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0answers
29 views

Optimisation of a Trading Strategy (Walk Forward Analysis)

To the pro traders: What do you do when the past two years of a WFA (10-15 year period) had an increasing loss (2017 = -4%, 2018 = -8%) while the other years were profitable? Do you modify the ...
3
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1answer
111 views

Buying foreign currency as a long term investment [closed]

I live in a country with an uncertain, collapsing economy. The exchange rate compared to USD and EUR@ is sky rocketing that effectively wiped off 20% of people's savings in just 8 months! See USD-LKR. ...
0
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2answers
89 views

AUDUSD vs. Apple's bad results in China - WHY is this positive correlation (it has nothing to do with AUD!)?

I would appreciate if some trading fundamental analysis expert could please explain me this. Recently I lost basically all my entire life savings, everything i worked for, for over 3 years, waking up ...
4
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1answer
117 views

Why does my bank not charge a fee for small amounts?

I work abroad in a SEPA country and send money to my non-SEPA home country regularly. In the foreign country I have a euro bank account and in the home country - a non-euro bank account. My foreign ...
0
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1answer
26 views

Calculating the loss on exchange rate

TL;DR: What is the proper way of calculating the exact loss (due to the exchange rate(*)) on a currency exchange transaction? (*) I'm not interested in other costs, like commission fee. Longer ...
0
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1answer
87 views

Which is the easiest International currency to exchange?

What is the best currency to exchange when travelling? Is it the US Dollar, the Euro or the British Pound? One that gets accepted everywhere and which is unlikely to get rejected because it's too old, ...
1
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1answer
30 views

required capital, commodity and trade volume given monthly target [closed]

I'm considering trading currencies or stock full time and would like to estimate required capital and required number of trades per day, given a monthly income of X US dollars after taxes. I'd also ...
5
votes
1answer
100 views

Who Is responsible when a currency transaction is mistakenly converted by an intermediary bank?

My client transferred USD from the US to my USD currency account in Ireland. Their intermediary bank converted the funds to Euros so it hit my USD account in Euro, was converted back to USD by my bank ...
2
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1answer
66 views

How are the CapitalOne credit card exchange rates calculated?

I have a CapitalOne Quicksilver (Visa) credit card (US-based, in US$) which is advertised as 0% foreign transaction fees. However, I am not sure how the exchange rates are calculated. According to ...
0
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1answer
27 views

RSI counted by my self is different than on JForex [closed]

have you experienced difference in JForex RSI indicators vs counting by yourself ? JForex shows me 49.375, 53.324 It is EUR/USD 1 Hour, 3-Dec-2018 15.00 and 16.00 I did the counting by using: ...
0
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2answers
36 views

Currency Future Contract's future fixed price?

Future and options are basically the same with the other using premium and w/o obligation. When trading FX options, you set/buy a strike price. Hence an agreement/was made on a fixed price. In the ...
22
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4answers
6k views

High conversion fee for failed bank transfer

I asked my Swedish bank to transfer to my UK bank 50,000 euros through a SEPA payment. Unfortunately, the IBAN and BIC were old and no longer in use and the UK bank returned the money the same day, i....
1
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0answers
54 views

Swing Trading Risk Management

I want to start swing trading in Forex. I've been working on a demo account with £10000 and has had some success over the past months. I'm wondering what is the correct lot sizes and deposit amount ...
30
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4answers
6k views

How exactly are exchange rates determined? [closed]

I was reading about how the exchange rates are fixed. I understand that demand and supply decide the exchange rate but how exactly is it done and by whom? For example, consider US and India. (https:/...
1
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0answers
31 views

Transferring inheritance in Australian dollars to the US

Should I transfer inheritance in Australian dollars to the US, where I live as tax resident? The exchange rate is currently so low, but is this better to lose money on the exchange rate rather than ...
1
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2answers
342 views

Is my Forex broker manipulating my trades?

I am doing Forex trading with MetaTrader4 and I think I saw the price of the trade change during the trade. When I look at the history I see this: The order says: 'buy nas100 for 7280.67 at 2018.11....
2
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1answer
110 views

How can I cash in my stock certificate from Cable & Wireless Jamaica?

I have a ordinary stock certificate from Cable & Wireless Jamaica from 1999 that my grandmother left me which says it’s for 6,053 units, units = dollars. I have the certificate receipt from bank ...
1
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0answers
32 views

ADR value with US dollar inflation / recession

If one were to hold an ADR (American depositary receipt), and the currency of country of the underlying foreign security increases in value compared to the US dollar, or the US dollar drops in value (...
3
votes
1answer
63 views

How to offset currency exchange losses?

Situation forces me to repatriate foreign revenue valued in Euro to USA, which is not ideal at this moment because the Euro is at a low. To counter this, would it make sense to buy Euro in USA at the ...
1
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1answer
38 views

Effect of FED/ECB interest rate on EUR/USD exchange ratio

In 2016, the ECB has lowered interest rate to 0%. Some people assume that within the next few years, the ECB will increase the interest rate. How would that most probably affect the EUR/USD exchange ...
2
votes
2answers
57 views

Forex ask vs bid spread

There's something I don't understand about the bid vs ask price spread on fx markets: For example, assume the lowest ask price is 200, and the highest bid price is 100. So if I want to buy now I need ...
0
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3answers
89 views

How many lots of total volume one needs to trade for market to start reacting?

When trading penny stocks one can easily experience this effect, you buy a huge volume and it raises the price and everyone else starts buying then you stop and start selling and price plummets (...
1
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1answer
108 views

What happened to ETB on September 14

I'm not an economics perofessional, but I understand currency exchange rates are calculating based on economic stands. On the 14th of September, 2018 the currency exchange rate for Ethiopian Birr (...
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0answers
85 views

What exactly happens during Forex transaction?

We are talking about Forex market. I want to figure out what exactly happens when I process a transaction on this market. Can you please correct me if I'm wrong: Assume we are working on EURUSD pair ...
15
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3answers
5k views

India: is making money by buying and selling foreign currency legal?

Can a person buy a foreign currency using the currency of their own country, and then sell it when their currency's value goes down? Say, I exchanged 44,820 INR for 1,000 USD in 2010, when 44.82 INR =...
0
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3answers
669 views

Forex trading with a specific website

I am considering to start trading Forex and registered on a specific website (capitalhall.com) They are promising me huge gains and I would like to identify if they are legitimate. What are the things ...
-3
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1answer
84 views

Forex market for personal gain 2 [closed]

What are a few good companyie to start forex trading with? I’m looking to trade with 500 bucks and I am not looking to do any crazy like 1/200 trading since I am new. I understand that membership fees ...
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2answers
81 views

Forex market for personal gain

I am very interested in the forex market. I understand that traveling around the world while tracking the market with your phone is not very realistic. However, I dream that one day that I will be ...
1
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0answers
81 views

Forex: how much volume to cause 1 pip movement?

How much volume would you say is needed to move EUR/USD 1 pip? Are we talking about a few Lots or is it more into a hundred or thousand of Lots? Assuming: we are in the summer of 2015 the volatility ...
2
votes
0answers
17 views

Tax Basis and Bargain Element for Incentive Stock Option on Foreign Stock Exchange

The US company I work for recently went public, however the powers that be chose to do the IPO on the Australian Stock Exchange (ASX). I am based in the United States. My stock option strike price ...
1
vote
1answer
116 views

Dollar account or Euro?

I live in a country in the Eurozone and have a dollars account with one of the banks here. I'm expecting a payment from a client in the US. I was told that when a bank sends money to a Eurozone ...
0
votes
2answers
94 views

Help me understand TradingView watchlist data

I'm trying to figure out what is the meaning of the percentage value (comparing to 24-hours before?) and the small last digit?
-1
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3answers
107 views

Forex Trading Risk [closed]

Why do people say the forex market is risky when it only fluctuates by fractions of a percent every day? How do traders make a profit with these small price moves?
2
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3answers
4k views

Why don’t forex traders deal in both currencies at once?

I’m looking into the forex (not looking to invest, just researching.) Suppose I am trading in hypothetical scenario where USD/JPY is trading at 10. Let’s say I perform the following actions: I ...
0
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2answers
167 views

How do I short a currency?

I believe a certain country's currency will fall sharply (compared to the USD) in the next couple of years. Is it possible for me to profit off of this situation? If so, how?
0
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0answers
45 views

Japanese yen carry trade

In the yen carry trade, why didnt the yen appreciate if everybody was looking to borrow in yen? Some people would borrow in yen and invest in dollar bonds, some in Brazilian real, some in Icelandic ...
-1
votes
3answers
137 views

How do I use moving average to create a forex trading strategy?

How do I use the moving average to create a forex trading strategy? Recently I was reading about day trading on a blog and found out that A forex trading strategy can be created using moving averages. ...
0
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0answers
36 views

List of long-Term Support & Resistance in forex or stocks

I'm looking for a study of historic long-Term Support & Resistance in forex or stocks. If possible with their level of strength (strong, medium...). Example EURUSD Long-Term Support & ...
1
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1answer
245 views

FOREX position in Interactive Brokers

I've deposited money in EUR and my base currency is SEK. I exchanged all of those Euros into SEK and since then I have a position of EUR.SEK that is that deposited amount negative. As the exchange ...
0
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0answers
35 views

FX hedging with rolling FX forwards

I am considering investing in an overseas hedge fund which claims that the cost of hedging the FX risk is just the FX points of the quarterly fx forwards. The question is: when rolling the contracts ...
0
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2answers
76 views

How does cash move between exchanges?

I know that money exchanges work on the principle of selling foreign currency for more money than they are buying it. In an ideal market, there would be an equilibrium in the money being imported and ...
4
votes
2answers
183 views

Foreign priced expenses - actual card charge amount is OK?

For the IRS in the US ... Say you are overseas in Japan and you have a legitimate business cost of 11,123 Yen. You correctly keep the receipt, Yen11123. How to convert to USD when making it a ...
0
votes
1answer
34 views

Futures and forward contracts are very different from each other

** Assume two traders enter into a one-year (March 2019) Euro futures contract at a futures price of 1.1220 physically delivered. Regardless of the spot price on the settlement date, if the spot ...
0
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2answers
85 views

Hedging against currency risk

Is there a hedging method against currency risk without lowering returns ? Classic hedging methods like forwards, futures options, all have a cost and don’t remove risk “for free”.
-1
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1answer
75 views

Forex instead of futures as a hedge

Why don’t companies use forex trading as a hedge for their foreign exchange risk instead of futures ? Forex is much more liquid than futures, easier to have access to all your positions anytime, ...
1
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2answers
84 views

Determining Futures price on the delivery date

When traders don’t get out of their fx futures positions before they expire, on the delivery date, is the amount exchanged the specified price on the contract when it was signed or the spot price ...
1
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0answers
197 views

How does the USA IRS determine the yearly average exchange rate?

The USA IRS publishes a list of yearly exchange rates titled Yearly Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars. As of this writing, the published average value for ...
-1
votes
1answer
78 views

Stock / forex trading 100s of transactions per day - how is the margin calculated?

Let's say I have 10k USD in my margin account. I place 100 round trip orders in a single day, each worth 2000 USD (999 USD buy order and 1001 USD sell order). How much margin did I use at the end of ...
0
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2answers
48 views

GBP salary figure quoted but paid at open market rate in local Rs in Pakistan bank account

GBP salary figure quoted but paid at open market rate in local Rs in Pakistan bank account. Do I lose out when considering my salary initial figure quoed in GBP but then received in Rs local currency ...
52
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8answers
24k views

Is this broker a scam?

I was contacted by a 'broker' in January, they said they're based in Switzerland (I'm based in the UK), and they asked to invest some money (as minimum as $1000). They told me that my platform would ...