What is the best way to hedge against inflation of the USD?
I'm hoping someone here can tell me the best way to hedge against the very real possiblity of USD inflation given infinite QE paradigm we are in and JPow ready to print trillions more dollars. I'm thinking Euros and Swiss Francs. Also got some Gold and Silver, but those things will sell off hard if a correction (or crash) happens in order for investors to cover margin calls. Would like some specifics (e g. comapnies/foreign banks that will let me open an account and transfer money into other currencies with minimal fees). I know I can go open a forex account, but I dont wanna pay taxes on any gains from simply trying to keep cash safe and its value stable. Can some more experienced investors please shed some light on this. P.S. I dont buy the narrative that we are in a deflationary period. Whether that is true or not, a devaluation of the dollar is creeping steadily upon the horizons IMO. I'm simply asking the best way to take up positions in stable currency/asset without getting boned by any capital gains tax or bogus fees/spreads on the spot price.
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I'm curious if anyone here has endeavored in scalping at both markets and what are your thoughts in the whole thing. If your strategy is based on price action and/or DOM, and you only stay in the trade for a few minutes, then in theory all you should care about is liquidity and commissions. Wondering how things really are in practice.
Disclaimer: so far I have only scalped options. But I'm thinking on moving to either futures or forex. The reason being liquidity. I recently opened a forex account, although it's still unfunded. However, being in the EU and all, I don't know how easy, or if possible, is to open an account with those fancy futures brokers.
I’m a Forex Beginner and am currently in the School or Pipsology. I like to visualize while I learn so I would like to download a trading platform and open a Demo Account while learning. For beginners, is it better to use MT4 or MT5?
I opened demo forex account and price is refreshing once a sec or less or sometimes quicker. Is it because it's a demo account? Are all of them so slow in relation to live accounts. MT4 doesn't lag. Ping is around 60. And CPU usage 1-2%. I don't think it is a problem of the platform
I'm 15 and my mothers home is about to foreclosure because of my forex trading losses
I'm 15 years old and im living in turkey. I've opened a forex account using my mother's id and i gave them all detail about her then account has opened . then i deposited 6000 via their credit card. after deposit as you know i placed orders . then i've lost all deposit it was my fault i dont blame company for that. Now bank wants money back otherwise they will foreclosure our home. i know 6000 looks little but USDTRY=6,79 so this debt is more than money dads annual salary.I've contact about this with forex company . they opened a case and case resulted few days ago. result is they closed my account because of using someone else id , and fund that i lost cant be recovered . so in this case what should i do we have just three month to solve it soo im waiting all your comments.
Hey, I am opening a forex account and am unsure of the pros and cons of opening a USD account or a CAD account. I live in Canada and have a Canadian bank account, so was wondering if I open a CAD account would I pay conversion fees when trading forex, similar to stocks? Or can you trade forex with CAD without ever converting? Thanks
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I’m trying to open a forex account and wondering if the account currency matter. For example if I open aTHB account, can I only trade pairs that involve THB or can I trade anything? The broker offers to convert THB to USD if I want to open a USD account but I’m pretty sure that comes at an unfavorable rate. Help!!!
In need of an intervention...I’ve pretty much dropped making autistic options bets and started making highly leveraged currency plays...
I’ve been wrong on almost every individual stock play YTD except for macro plays on etf options. Opened a forex account like last week to short the lira, lost like 50% overnight, then came back over one more day to be positive 16%(meaning if only made the second trade be up 133%) Had a few more downs learning how to use the platform but now I’m on a winning streak....but forex trading doesn’t have a 300k follower sub all of whom have extra chromosomes, and I honestly have fun fucking with people here Help convince me to lose money on options bets an ditch forex
Want to get a prepaid travel card but don't know where to start
Hey, So I keep travelling between Dubai and Canada a lot but my main source of income is in the UAE. Now, I usually don't like spending with my UAE card in Canada since they charge an insanely high amount for conversion. I also don't wanna open a Canadian account since I'll be having to transfer money to it every time I travel and overall it just seems like an unnecessary hassle. Read about prepaid travel cards from ENBD and Mashreq and they look promising but I'm conflicted between either that or opening a FOREX account and getting a card issued for it so I don't pay conversion. Basically, I was wondering if any of you have similar arrangements or know about this kinda stuff. Like, what's my best option in terms of rates and fee. Where will I save the most? Thanks a bunch!
Here is a post that isn't a shitpost or cancerous meme. The peso has been falling for the past while. Looting, rioting, and such isn't helping the country's economy do any better. Even cops are participating in these degenerate activities because they aren't paid enough. The peso is falling because of Trump. He is getting inaugurated in 9 days and the peso will only further fall. Open a forex account and there is no way to lose money unless you are a fucking retard.
Getting Large Sums of Yen (millions) back Home (to US) in 2 Months
American living and working in Japan. Heading back to US in 2 months. Have saved around 5 million (hyaku man) yen over the past few years. Remitted on occasion. Had no loans or anything to pay off. Figured that I could send it all back in one large sum. Figured wrong. Want to get cash back and available for use when I get back to the US. Any ideas? Here are some of mine, each with their own problems and some questions for people who might have answers, thanks in advance, any information appreciated: 1.) Remitting via 国際送金 (international money transfer) - limits amount you can send back every month (I believe it's 30 man for the post office). With limit, it would take around a year to get all my money States' side. By that time, I'd be out of Japan. Lots of fees attached because I'd be sending to a bank in the US that is small and uses an intermediate bank. 2.) Carrying in cash - have to deal with Japanese customs going out; American customs, TSA, and (hopefully not) DEA going in. Have traveled with large amounts of cash before, but nothing that I had to declare. Heard horror stories about things like civil seizure and intensive questioning, even after making official declaration with customs. My money is legal, its origin is well documented (I'd have documentation on me), and I have no past criminal record or investigations: still, I worry about government protocol holding me up or drawing too much attention. Even if I make it through, I have a huge chunk of yen that I'd need to have converted into dollars. Any ideas how / where to do this at a decent rate? 3.) Foreign Currency Exchange Market (FOREX) - tried doing research about opening a FOREX account in Japan, but most sites are entirely in Japanese. My Japanese is conversational, and not capable of navigating through these sites. If I had more time, I'd like to go this route. 4.) Money order - I've used Western Union before, but their rates are horrible, and they cap your transactions at 10 hyakuman per month. Also, not many locations in the US can even cash that much. And (speaking from experience) the ones that do are not the place where you want to have $10,000 on you. Tellers will draw attention to you when they count your money. They take their time, making a long line behind you. Thanks again. DISCLAIMER: I'm not look for ways to circumvent paying taxes or reporting my income to the appropriate institutions. I'm just seeing what legal means are available to me to transfer my funds to the US. No desire nor intent to break the law.
Hello everyone, I have recently gotten into trading Forex and other instrumentals such as bitcoin. I have been using a practice account with Trading 212 and I just wanted to know if this is a good platform to use. I am also from Canada so if any fellow Canadians know any good ones that I should check out let me know! Furthermore, one that accepts paypal would also be a bonus. Lastly, did anyone who opened a forex account worry about giving out there Social security/social insurance/tax identification number? As these numbers in the wrong hands can really screw you over.
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