DOES anyone know if trading my us bills for euros now will make profit?

[EnJoi]

if i go to the place 2 trade (I KNOW THERES A FEE) for euros ( SINCE THE RATE IS SOOOOOOOOO LOOOOW) and come back wayyy later will i mkae $$$$$?

[bujub22]

:no: im doughting you even come back with a profit ;)

[Biggles]

This may sound old fashioned .... but as a rule it is best to buy cheap and sell high if you want to make a profit.


:blink:


So why would you buy Euros when they are at an all time high against the dollar? If you have definite knowledge that the dollar is going to sink a lot further then by all means go ahead - but I suspect you're about 9 months too late to speculate on this particular currency swop.

[Keikan]

hmm if i trade my cnd to usd will i make a profit?

[Mad Cat]

I've made about 40% on my euros since 2000.

Its like working the stock market, nobody knows. Its gambling really, nothing else.

[Keikan]

ok let me get this straight lets say i trade 10cad to euros wait for it to get higher(?) and then convert it back to cad or maybe use usd?

when i convert it i get euro paper money right?

[Keikan]

bump

[TheDave]

This may sound old fashioned .... but as a rule it is best to buy cheap and sell high if you want to make a profit.


:blink:


So why would you buy Euros when they are at an all time high against the dollar? If you have definite knowledge that the dollar is going to sink a lot further then by all means go ahead - but I suspect you're about 9 months too late to speculate on this particular currency swop.

^^^^what he said :lol: :lol:

[TheDave]

so if i put all my money into dollars now and get it all back in a year i could make a profit? :shifty:

[Spider_dude]

yeah but the profit will be minimal if at all, as travel agents etc buy back at a different price they sell at. it would be a good idea if you plan to go to america in say the next 3 years to invest now, but then who is to say the exchange rate wont go lower?

[EnJoi]

yeah but the profit will be minimal if at all, as travel agents etc buy back at a different price they sell at. it would be a good idea if you plan to go to america in say the next 3 years to invest now, but then who is to say the exchange rate wont go lower?


WHAT THE F*CK!!?!?!?!?? REPHRASE DAMNit

[Spider_dude]

what the fuck, learn engrish please.

[Smith]

hmm if i trade my cnd to usd will i make a profit?


no if you trade your usd for cdn you will make a small profit seing as how the canadian dollar is at 80cents now.

[EnJoi]

what the fuck, learn engrish please.


runons are great dumbass you dont know what u talking about

[Spider_dude]

runons are great dumbass you dont know what u talking about

stfu. k

[Smith]

what the fuck, learn engrish please.

lmao :lol:

[Keikan]

no if you trade your usd for cdn you will make a small profit seing as how the canadian dollar is at 80cents now.

i was thinking of doing euros or sterlings maybe yen?

what do you think?

[Smith]

i was thinking of doing euros or sterlings maybe yen?

what do you think?


so what will you be trading?

euros for cdn?

euros for us?

i would do euros for cdn, cause last time i checked the pound was worth a little over twice as much as the cdn dollar

[Keikan]

change my cad to euros wait the the cad to go up and trade back

[mogadishu]

i doubt you would, and unless you know what you're doing I wouldn't advise it. It seems like you would want to put your euros into dollars, but the factors that cause the dollar to devalue show no signs of decreasing. I don't know how our economy is still afloat. Not to bet against my own country, and I defenitely hope I'm wrong so I can go to college, but I think the euro will keep being worth more and more until bush is either forced to fix the economy or he has to resign, preferably the later. Finally, unless you have some connection in the bank or do it for a living, currency trading is kind of pointless seeing as banks sell and buy at inflated and deflated prices in order to make money. Whatever you do, don't change your money at an airport or a place where tourists frequent. Hope that helps.

[Keikan]

Whatever you do, don't change your money at an airport or a place where tourists frequent

why?

[Mad Cat]

why?

Tourist exhange rates are the worst you can get. They way inflate the prices because they know the tourists will pay it.

You want a bank, if you have a friend that owns a business you might be able to get a business rate.

[TheDave]

Originally Posted by Spider_dude
yeah but the profit will be minimal if at all,


not that hard to understand

[Keikan]

Tourist exhange rates are the worst you can get. They way inflate the prices because they know the tourists will pay it.

You want a bank, if you have a friend that owns a business you might be able to get a business rate.

what about a forex booth?

[mogadishu]

if its not a bank its crap, and even then its probably not too good unless you have a connection.

[Spider_dude]

if it's not scottish it's crap/

[TheDave]

only if its scottish its crap