I am a Forex Trader.I love currency trading.
A force to go back and forth between France and the U.S. after having lived 6 months there, I found myself a little in spite of me to arbitrate between Euros and Dollars. Sometimes I needed to pay my bills in U.S. dollars when I had the money to my account in Euros € and vice versa
The first time I just made transfers between my accounts noting that the exchange rate for EUR / USD had increased or decreased compared to last time. Sometimes to my advantage, sometimes to my disadvantage ...
And then one day I started to make a transfer and I was interrupted by a phone call. (When you are in the U.S. and we call you at times impossible from France - jetlag forces - generally you answer without thinking;)) I have finally completed the transfer until the next day ... and I found 24 hours in the exchange rate was increased from 1.29 to 1.26 $ for 1 €. 2.4% change ...
By doing a little more attention I realized that this variation was not extraordinary and that the current USD / EUR frequently varied significantly, sometimes upward, sometimes downward.
I then installed an application for monitoring foreign exchange on my iphone and I started watching the EUR / USD several times a day. Within the same day it goes up and down it all the time ...
Then you say, the stock market is such, that it goes up and down all the time ... yes ... but I have the impression that the exchange rates is even more ... yoyo ( "volatile" one says; ))
There's actually a market for currency called the FOREX (Foreign Exchange) and is hyperactive (1 900 billion U.S. dollars traded per day in 2004 according to Wikipedia!) And without really achieve at whenever I was arbitration USD to EUR or otherwise, my bank passed an order on the FOREX - or maybe they do their internal Tambouille to a certain amount ... but it is still that, a few hours ( minutes?) sooner or later it could make a significant difference ...
I now come to tell me that I should spend my orders on Forex "myself" "live" ... and I have no illusions about the "live myself," what I mean is "computer" and "real time" without leaving the banker decide the right time (for him) or the wrong time (for me)!
In looking around I realize that there is an incredible jumble of offerings in the area and that everyone wants to sell you a trick to get you in forex trading ... it's rather confusing ... but I think I'll watch it more closely ...
The Best Automated Trading Robot in the forex market www.forexfapturbo.blogspot.com
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