My father, who has a small parts store and garage for classic British sports cars, called me recently and droned on and on about how losing his life for the euro. Confused as to how the euro could be affecting his small and seemingly insignificant business, I asked how. "Because of the Euro!"
He went on to explain, after calming down, of course, the dealer who orders the parts of the crop had increased its prices by 30% due to poor performance of the dollar against the euro. Apparently, it takes about $ 1.30 USD to buy the same merchandise you can buy a euro.
In essence, the relationship between the dollar and the euro is the same we've always had with the Canadians, we have become the only Canadians in this bizarre scenario!
After hanging up the phone with dad I decided to investigate this currency exchange question a lot further and came to one embodiment, the surprising but very real stock market is a fool! Foreign currency is where it is.
The act of exchanging the legal tender of one country by another. People who play in the foreign exchange market (Forex) do precisely that! With the same amount of analysis or less in most cases, people anticipate the rate at which a currency is converted into another and Presto! Profit, please!
So if one anticipates that the euro will be stronger next week against the dollar and convert into euros $ 50,000, then the next week when the euro on the ascent in fact, can convert euros back into dollars than they initially invested only a few days before, or even the day before! Why have your money tied up for long periods of time praying for a good report quarterly results or be grateful for the peanuts thrown to you in the form of a dividend?
He went on to explain, after calming down, of course, the dealer who orders the parts of the crop had increased its prices by 30% due to poor performance of the dollar against the euro. Apparently, it takes about $ 1.30 USD to buy the same merchandise you can buy a euro.
In essence, the relationship between the dollar and the euro is the same we've always had with the Canadians, we have become the only Canadians in this bizarre scenario!
After hanging up the phone with dad I decided to investigate this currency exchange question a lot further and came to one embodiment, the surprising but very real stock market is a fool! Foreign currency is where it is.
The act of exchanging the legal tender of one country by another. People who play in the foreign exchange market (Forex) do precisely that! With the same amount of analysis or less in most cases, people anticipate the rate at which a currency is converted into another and Presto! Profit, please!
So if one anticipates that the euro will be stronger next week against the dollar and convert into euros $ 50,000, then the next week when the euro on the ascent in fact, can convert euros back into dollars than they initially invested only a few days before, or even the day before! Why have your money tied up for long periods of time praying for a good report quarterly results or be grateful for the peanuts thrown to you in the form of a dividend?
My father's misfortune illuminated a new world for me. The forex market is simply better than playing the stock market and more profitable. As with stocks, you learn which indicators to monitor and fundamental principles that drive the market in one direction or another. There are, of course, programs and courses offered out there by people who have played this game for years and are now sitting back in luxury while the rest of us have seen our retirement plans devastated by that volatile mistress known as the stock market. So I ordered a Forex course and learned what he had to in order to begin to capitalize on this phenomenon. I stopped waiting on earnings reports and pray for the people to upload and start making money daily on the forex market!
My actual startup costs of only $ 300. Of course, I already had my computer and Internet connection, but for me the opportunity to work one hour a day from home and earn an extra few hundred dollars a week was amazing.
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