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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.

0
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1answer
34 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
92 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
votes
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
votes
2answers
162 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
votes
0answers
42 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
122 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
33 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
vote
1answer
55 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
26 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
75 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
179 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
27 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
votes
2answers
72 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
votes
1answer
68 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
vote
2answers
41 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
vote
0answers
106 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
72 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
votes
2answers
45 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
votes
8answers
23k 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 ...
2
votes
3answers
177 views

How to get the “pure value” of a currency?

I would like to do some data analysis and find out how news and tweets influence markets. I would like to begin by investigating how USD does change according to news and various events. But is there ...
3
votes
2answers
647 views

How can I send dollars to a person in Venezuela?

Is there any way to send US dollars to a person in Venezuela? As I understand it, there is crazy inflation in Venezuela right now and the "official" rate for dollar to Bolivar exchange is wildly ...
0
votes
0answers
26 views

Smart stops on CFD trades

I've just started trading currency with a CFD broker. Luckily on a demo account for the time being, but at some point I want to move to real money. Right now I'm trading mini contracts. A contract is ...
1
vote
1answer
104 views

Converting British Pounds to USD or AUD [closed]

Given the current state of the economy and the future out look, what would be the best option for someone who has to move pounds to either AUD or USD? What would be the advantages or disadvantages of ...
2
votes
1answer
132 views

Can I use a third party to exchange USD before it goes into my UK account?

I live in the UK and have a UK individual (not business) bank account only. I have done some remote work for a client in the USA and I have already agreed to their terms before work started which ...
0
votes
0answers
25 views

What's pip spread?

I'm reading up on trading Forex. And I came across the statement that it is 5 pip spread in 1.2345 / 1.3456. How is that? A pip as I know is difference of least significant decimal, 5 and 6 in this ...
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votes
2answers
123 views

Understanding cryptocurrency buying and selling calculations

I need to understand how buying / selling works in crypto markets. I see an ask of amount: 44608.01, rate: 0.98 in the XRP/USD market in Kraken. Will the rate 0.98 be in USD or XRP? I'm assuming USD ...
0
votes
1answer
66 views

What to change into GBP? [closed]

I'll be in Scotland for one day and I will need to buy ticket for the bus. I have American Visa travel credit card, american debit card, euro, and dollars. Which one is better to use to change ...
1
vote
0answers
66 views

Do Non-Resident Aliens need to file FBAR?

I am on F-1 Student Visa doing my STEM OPT now. As per my understanding, I am considered Non-Resident Alien for Tax purposes. Do I need to File FBAR if I have more than 10,000$ in my NRE account?
2
votes
0answers
227 views

What makes a legal $100 note illegal? [closed]

I own a one hundred dollar note that has a small rubber stamp. This red rubber stamp carries the name of the exchange company. I know that bank notes must be clear, without tears, without written ...
2
votes
2answers
76 views

A Forward contract and the current exchange rate [closed]

I am a business person operating in France and I need $100k in three months for an international payment. If the current exchange rate is in my favor, why do I need to enter into a 3-month forward ...
1
vote
1answer
43 views

Swaps applied in futures contract?

Are swaps needed in order to hold positions in currency futures overnight the same way they are needed in forex spot trading?
9
votes
3answers
340 views

What do you do with all those extra coins?

Before retirement I used to travel a lot all around the world. I just noticed that I have collected a lot of coins (and bills) from a dozen countries in Asia and Europe. Many of these have no english ...
0
votes
0answers
192 views

What is the typical spread in in-bank currency exchange platforms?

Despite numerous attempts, I am failing to obtain any information on the typical spreads in in-bank currency exchange platforms. I would like to know them in order to compare with what my bank has to ...
-1
votes
1answer
38 views

How to calculate Chande Momentum Oscillator for FX

I am trying to calculate a momentum oscillator for the EUR/USD pair and am confused. A formula I read referenced the sum of previous up days. What is a "day" considered in Forex?
3
votes
2answers
138 views

What are the mechanics behind forex trading?

When someone is trading forex, are they currently really buying international currencies, or is it only some sort of gambling between them and their broker (like when trading CFDs)?
2
votes
0answers
67 views

What is the most cost efficient way to invest in overseas stocks as a UK citizen?

I wish to invest in multiple US-based mutual funds and companies. I already have an account with Charles Stanley Direct for my UK-based funds and was disappointed to see that I couldn't use their ...
1
vote
3answers
82 views

Confusion with settlement time in stocks, forex, futures etc

I've been trading cryptocurrencies for a little while now, and recently I have been looking into stocks, futures and forex etc. During my research, I have run into a subject called settlement times. I ...
1
vote
2answers
41 views

Create a candlestick chart from past transactions

I have been logging the buy/sell transactions for bitcoin on a specific exchange and I'd like to create a candlestick chart from it. Instinctively, I think I should decide on an time interval and ...
3
votes
0answers
64 views

how to get a fair exchange rate when cashing a check?

How do you get an exchange rate that is close to the fair market exchange rate when cashing a check in a foreign denomination? Banks seem to use their own fictional rates and claim they are fair, even ...
0
votes
1answer
104 views

How to sell some euros and buy rubles?

I would like to sell some euros in an online exchange and buy rubles. My question is, once I buy rubles how do I withdraw them in my Russian account? Also, how to deposit euros? I know about some ...
0
votes
1answer
215 views

What are the tax implications of exchanging one foreign currency for another directly?

If a US citizen were to exchange USD to some other currency, and then some time later, exchange that currency to yet another but not back to USD nor spent for goods or services (yet), is that a ...
1
vote
1answer
198 views

When is trading between two crypto-currencies pairs favorable when you're interested in overall fiat gains? [closed]

I've been curious about all the crypto trading but there's this one question i've been trying to answer and convince myself one way or the other, and it is something that those who do FOREX trading ...
3
votes
4answers
143 views

Fees for using mastercard/Visa card at a place which accepts payment in other currency

I want to know what are the fees involved when we pay online using Visa/MasterCard to a service which accepts payment in some other currency. I have very little knowledge related to this. I am from ...
0
votes
2answers
93 views

How can I buy options for foreign stock indices?

I'm a frequent trader of SPYW, and I'm interested in learning how I can get my hands on something similar for foreign exchanges like SHCOMP and JPX. Can that be done with American brokers?
1
vote
0answers
172 views

Logistics of Hedging INR investment with USD INR future

I am a beginner so please forgive any gaps in my understanding of Forex Futures. Based on RBI's decision earlier this year to let NRI's invest in rupee futures I want to propose a Currency Futures ...
2
votes
1answer
247 views

What to Include in Section 988 Opt-out Document?

I began trading spot Forex in February and have been quite successful thus far; I will owe several thousand dollars in US federal income tax for 2017. In 2018, I project to make significantly more ...
2
votes
2answers
210 views

How do foreign visitors from restricted currency countries get dollars?

How do visitors from foreign countries with capital controls get dollars to buy things in the United States and pay for their trip (lodging, entertainment, etc)? For example, I read that tourists from ...
2
votes
1answer
131 views

Who calculates exchange rates?

I was discussing exchange rates with a friend and realized we have a different understanding of how they work. We both understand that floating exchange rates are dictated by market forces (supply/...
0
votes
0answers
258 views

What is the correct formula for calculating the forward price of an fx currency pair?

I understand that forward prices (regardless of the type of the underlying) are generally calculated in the following way: Forward price = Spot price - (benefits of buying now and holding until ...
-2
votes
1answer
65 views

Best place to live for news (spikes) trading?

What's the best place to live for news trading? Is it US because of the best news providers and most regulated brokers? Can I still trade 'spikes' even though I live somewhere else i.e. Australia - ...