DOES anyone know if trading my us bills for euros now will make profit?
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 $$$$$?
Re: DOES anyone know if trading my us bills for euros now will make profit?
:no: im doughting you even come back with a profit ;)
Re: DOES anyone know if trading my us bills for euros now will make profit?
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.
Re: DOES anyone know if trading my us bills for euros now will make profit?
hmm if i trade my cnd to usd will i make a profit?
Re: DOES anyone know if trading my us bills for euros now will make profit?
I've made about 40% on my euros since 2000.
Its like working the stock market, nobody knows. Its gambling really, nothing else.
Re: DOES anyone know if trading my us bills for euros now will make profit?
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?
Re: DOES anyone know if trading my us bills for euros now will make profit?
Re: DOES anyone know if trading my us bills for euros now will make profit?
Quote:
Originally Posted by 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.
^^^^what he said :lol: :lol:
Re: DOES anyone know if trading my us bills for euros now will make profit?
so if i put all my money into dollars now and get it all back in a year i could make a profit? :shifty:
Re: DOES anyone know if trading my us bills for euros now will make profit?
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?