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5

I have a gold mine in my back yard (pls keep this a secret). I know that I'll have 100 oz by 12 months from now. As a hedge position, I sell one future contract. I've locked in my sale price, and I no longer worry that the price of gold will drop before my 100oz is mined and ready for sale. A speculator is on the other side of that contract. In effect, he ...


2

A speculator trades futures in hope of making a profit. He makes a profit if he buys and later sells a contract at a higher price (or he shorts a contract and buys it back at a lower price than they sold it for). They are simply trying to profit from price change. A hedger is someone who buys and sells the actual commodity and uses futures to protect ...


0

will I get a full refund? No, why should you? The ship will give you the refund in the currency they originally charged and the credit card company will give you funds in the credit card company for the exchange rate AT THE TIME OF PROCESSING THE REFUND. Sucks? Yeah, the world is not fair. This is how it is handled and this is how you agreed to have it ...


1

It depends on your credit card detail, you'll need to check the agreements. Typically, credit card charges are converted with the (very good) bank exchange rate, and then a 2.5 - 4% fee is tacked on (without explicitly showing on the statement, so you think you got a poor exchange rate). Some credit cards offer 0% fees, and they are obviously quite useful ...


1

I dabbled in futures a long time ago so I'll limit my chatter to options, which I have utilized for 30+ years. It's impossible to answer your question succinctly because there are a myriad of ways to trade options. You can be long or short. You can gamble aggressively with them and you can use them conservatively for income, as well as multiple ...


1

First note that the total and non-reportable numbers agree between the two linked reports. The difference arises when we look at how the two reports break down the market participants into categories. The tradester legacy report breaks down the numbers into only two categories - commercial and non-commercial - while the CFTC report uses a more detailed ...


1

Seems your simplest path is to find a bank/credit card that doesn't charge you foreign transaction fees. We have these in the US although I assume banks make up for it with a worse exchange rate, so you might end up paying this anyways. I don't know about Canada.


10

You can't measure something without a yardstick to measure it by. Remember that there's pretty much only one thing you can do with currency: buy something. The value of a currency is its ability to buy other things. So: If you're interested in the pound's ability to buy other currencies, look at exchange rates. If you're interested in the pound's ability ...


0

You can often find Canadian based funds which track US equities. VUN is a Vanguard fund that is based in Canada but tracks the US total stock market. Alternatively if you want to trade specific US equities that don't have a Canadian counterpart you can open a CIBC investor's edge account. They currently offer free currency conversions. Norbert's Gambit is ...


0

As S Spring mentioned, Forex markets does have limited hours on weekends, if you want to see market activity before Monday. Other than that, no, you cannot accurately anticipate how prices will react to news when markets are closed. The market price reflects the combined activity of all market participants, and that activity hasn't happened yet. While ...


0

My go-to site is O&A (oanda.com). They have a free tool on their site that will give you historical exchange rates between almost any pair of currencies, with bid/ask/avg and high/low /avg figures by day back to 1990. O&A Currency Converter


1

The Forex market opens at 5 PM U.S. EST on Sunday night and the futures market opens at 6 PM EST on Sunday. Asia financial markets in general open about 8 PM EST Sunday night but there is pre-market activity. The markets could open drastically beyond stop-loss orders.


2

It depends on the country. For US, the IRS publishes annual exchange rates and a list of daily/monthly sources: https://www.irs.gov/individuals/international-taxpayers/foreign-currency-and-currency-exchange-rates For Canada, the CRA references the daily/monthly/anunual exchange rates published by the Central Bank: https://www.canada.ca/en/revenue-agency/...


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