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

  1. #1
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    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 $$$$$?

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    bujub22's Avatar THE GREAT
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    im doughting you even come back with a profit

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    Biggles's Avatar Looking for loopholes
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    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.





    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.
    Cogito cogito ergo cogito sum


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    Keikan's Avatar ........
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    hmm if i trade my cnd to usd will i make a profit?
    Ohh noo!!! I make dribbles!!!

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

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

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    Keikan's Avatar ........
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    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?
    Last edited by Keikan; 12-26-2004 at 10:45 AM.
    Ohh noo!!! I make dribbles!!!

  7. Lounge   -   #7
    Keikan's Avatar ........
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    bump
    Ohh noo!!! I make dribbles!!!

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    TheDave's Avatar n00b
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    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.





    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

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    TheDave's Avatar n00b
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    so if i put all my money into dollars now and get it all back in a year i could make a profit?

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    Spider_dude's Avatar cawk BT Rep: +4
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    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?

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