Comments on: How to make money on Zimbabwe currency rates? http://usbappz.com/2009/04/how-to-make-money-on-zimbabwe-currency-rates/ put it on a USB Flash Drive Thu, 04 Aug 2011 07:02:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Stuart M http://usbappz.com/2009/04/how-to-make-money-on-zimbabwe-currency-rates/comment-page-1/#comment-31752 Stuart M Fri, 10 Apr 2009 21:13:24 +0000 http://usbappz.com/2009/04/how-to-make-money-on-zimbabwe-currency-rates/#comment-31752 I start by saying that I am not making a recommendation. But, generally speaking if your sentiment is that a currency is increasing against another then you would buy the increasing currency while selling the other (in your case USD). When you trade a currency you trade in pairs (USD/EUR, CHF/GBP, etc.). The problem you are going to run into is there not being a very liquid market for the currency of Zimbabwe; since in order to complete the transaction the market will have to present a participant that disagrees with you and is willing to sell the Zimbabwe currency and buy the dollar (in your example) The downside of making huge amounts of money in the currency market is that it is (a) based on leverage/gearing at ratios much higher than in the stock-markets and (b) it is a zero-sum game, whereby one participant wins and the other loses. Therefore, if you win you can win big, but if you lose, you can lose more than you have. There are 8-10 major currency pairs that are traded. I'd start by getting a mock acct on fxonline and test out your ideas. I start by saying that I am not making a recommendation. But, generally speaking if your sentiment is that a currency is increasing against another then you would buy the increasing currency while selling the other (in your case USD). When you trade a currency you trade in pairs (USD/EUR, CHF/GBP, etc.). The problem you are going to run into is there not being a very liquid market for the currency of Zimbabwe; since in order to complete the transaction the market will have to present a participant that disagrees with you and is willing to sell the Zimbabwe currency and buy the dollar (in your example) The downside of making huge amounts of money in the currency market is that it is (a) based on leverage/gearing at ratios much higher than in the stock-markets and (b) it is a zero-sum game, whereby one participant wins and the other loses. Therefore, if you win you can win big, but if you lose, you can lose more than you have. There are 8-10 major currency pairs that are traded. I'd start by getting a mock acct on fxonline and test out your ideas.

Report this comment

]]> By: Franco http://usbappz.com/2009/04/how-to-make-money-on-zimbabwe-currency-rates/comment-page-1/#comment-31753 Franco Fri, 10 Apr 2009 21:13:24 +0000 http://usbappz.com/2009/04/how-to-make-money-on-zimbabwe-currency-rates/#comment-31753 It is the cheapest toilet paper you can buy. And is only suitable for that purpose. It is the cheapest toilet paper you can buy. And is only suitable for that purpose.

Report this comment

]]>