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Old 01-04-2012, 06:21 AM  
MrMaxwell
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Join Date: Jul 2005
Posts: 10,057
Currency exchange rates.. Am I wrong about this?

It's all done electronically. . you would think actual delivery would be possible. It isn't, because you could make a lot of money if it was. I think.

Am I wrong?

Like this as an example you've got five currencies

#1 is your currency where you are

#1 is strong against #3 and #3 is strong against #2 and #2 is strong against #4 and #4 is strong against #1

You could trade #1 for #3 and then buy #2 with your #3 and then trade your #2 for #4 and then buy #1 with your #4 and end up with more of #1

See

But

When I had a forex account, I always had to trade back for my baseline currency before I could buy another currency. Say I bought yen, right, well if I wanted to buy some eur with my yen, forget it!!! Have to trade back to dollars first. See.

And sure it's only a three pip spread an even less... but you're still trying to predict waves just like many people do with stocks. Why is it impossible to trade outside of the "pairs"??

I mean to say I am pretty sure fucking banks can do that and end up with fortunes .. not to mention that they charge a fee or difference on every fucking thing they ever do .. all the motherfucking money changers ever DO is steal value quietly
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