Forex Exchange Info, Tips & Resources

weng asked:


I have invested on forex market for a while and frequently heard about carry trade. As i know, this term means to buy in like Euro/Yen pair to profit from the difference between the two currency’s interest rate. The diffence in this pair’s interest rate is 3.5% now, but what about the GBD/USD pair which has only o.25% in difference?

Kansieo.com

James M asked:


My aim is to play the part of a currency trader and to trade different curtrencies to increase the value of the currency I am actually holding.
I have $5 million USD to spend on the following currencies: (I want to use atleast 4 of them)

Euro
Pound Sterling
Yen
Australian Dollar
Hong Kong Dollar
Franc (Switzerland)
Peso (Mexico)
Lire (Turkey)
Krone (Norway)
Rouble (Russia)
Rupee (India)
Baht (Thailand)

I want to make as much money as possible. Which currencies should I buy and why? And when converted back into dollars, how much profit will I make from that currency today.

Use todays forex rates March 5th) on this site if needs be:

http://www.xe.com/ucc

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