Make Money Exchanging Currencies

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Make Money Exchanging Currencies

The bottom line for the value of a given currency is how much you can buy with it. In fact, a relevant question is if you can use your currency to buy anything at all outside of your own country. This latter issue is one that is faced by people in many nations of the world. This fact is why eighty-five percent of all Forex trading includes the US dollar as many minor currencies only trade versus the USD. So, you need to trade currencies to buy things. Can you make money exchanging currencies? Can you find a safe haven currency to make money exchanging currencies or at least not lose any purchasing power? And, when the opportunity arises can you make money exchanging currencies back to your home currency when things are more stable and the purchasing power of your nation’s currency goes farther.

Flight from Forex Risk

The terrible situations in the Middle East are a drag on every currency in the area. It is not a surprise that many choose gold, Euros, dollars, Yen or Swiss francs to preserve the value of their family wealth and lifetimes of savings. So, when things get bad in Iraq, Syria, Lebanon, West Bank and Gaza, Israel, Egypt, etc. those with money often seek a safe haven currency and protect their wealth as the local currency plummets. But, can you also make money exchanging currencies? This brings to mind the old stock investing quote about investing being the best when there is blood in the streets. Every war ends, eventually. Every civil crisis has an eventual solution. These ends and solutions may not be to the liking of everyone concerned but eventually chaos ceases and calm returns. The smart investor looks for when things are at their worst and buys property, stock or currencies. The point is that you can make money exchanging currencies if you get out before things get bad and return when the currency has bottomed out. The issues are fundamental and technical analysis of for Forex pairs. Fundamentals are what eventually determine the value of a currency versus the majors such as the USD, GBP, EUR and YEN. But astute assessment of market sentiment can add greatly to profits as other flee risk long after a currency has bottomed out.

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Make Money Exchanging Currencies

  1. 1. BY WWW.THEFOREXNITTYGRITTY.COM Make Money Exchanging Currencies
  2. 2. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES The bottom line for the value of a given currency is how much you can buy with it
  3. 3. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES In fact, a relevant question is if you can use your currency to buy anything at all outside of your own country.
  4. 4. Before We Continue… Click the links below to get your FREE training materials. Free Weekly Investing Webinars Don’t miss these free training events! http://www.profitableinvestingtips.com/free-webinar Forex Conspiracy Report Read every word of this report! http://www.forexconspiracyreport.com
  5. 5. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES This latter issue is one that is faced by people in many nations of the world.
  6. 6. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES This fact is why eighty-five percent of all Forex trading includes the US dollar as many minor currencies only trade versus the USD.
  7. 7. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES So, you need to trade currencies to buy things.
  8. 8. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES Can you make money exchanging currencies?
  9. 9. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES Can you find a safe haven currency to make money exchanging currencies or at least not lose any purchasing power?
  10. 10. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES And, when the opportunity arises can you make money exchanging currencies back to your home currency when things are more stable and the purchasing power of your nation’s currency goes farther?
  11. 11. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES Flight from Forex Risk
  12. 12. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES The terrible situations in the Middle East are a drag on every currency in the area.
  13. 13. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES It is not a surprise that many choose gold, Euros, dollars, Yen or Swiss francs to preserve the value of their family wealth and lifetimes of savings.
  14. 14. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES So, when things get bad in Iraq, Syria, Lebanon, West Bank and Gaza, Israel, Egypt, etc. those with money often seek a safe haven currency and protect their wealth as the local currency plummets.
  15. 15. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES But, can you also make money exchanging currencies?
  16. 16. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES This brings to mind the old stock investing quote about investing being the best when there is blood in the streets. Every war ends, eventually.
  17. 17. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES Every civil crisis has an eventual solution. These ends and solutions may not be to the liking of everyone concerned but eventually chaos ceases and calm returns.
  18. 18. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES The smart investor looks for when things are at their worst and buys property, stock or currencies.
  19. 19. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES The point is that you can make money exchanging currencies if you get out before things get bad and return when the currency has bottomed out.
  20. 20. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES The issues are fundamental and technical analysis of for Forex pairs. Fundamentals are what eventually determine the value of a currency versus the majors such as the USD, GBP, EUR and YEN.
  21. 21. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES But astute assessment of market sentiment can add greatly to profits as other flee risk long after a currency has bottomed out.
  22. 22. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES Where Will You Invest and Spend Your Money?
  23. 23. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES Another issue if you want to make money exchanging currencies is the purchasing power of a given currency it its own nation.
  24. 24. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES You can look at the gross national product of a country in dollars or as measured by purchasing power parity.
  25. 25. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES An example is the nation of Colombia.
  26. 26. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES Colombia has a gross domestic product of $370 billion as measured in US dollars.
  27. 27. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES But when measured by what your money can buy in Colombia (purchasing power parity) it has a gross domestic product of $527 billion.
  28. 28. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES That is a 42 percent difference if you are investing or purchasing a basket of goods and services in Colombia.
  29. 29. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES For a retiree who wants to maintain a nice standard of living it might be possible to make money exchanging currencies or at least increase purchasing power by transferring assets to a nation such as Colombia where the purchasing power of the local currency gives you a 42 percent advantage.
  30. 30. HTTP://WWW.THEFOREXNITTYGRITTY.COM/FORE X/MAKE-MONEY-EXCHANGING-CURRENCIES This latter example is not so much a matter of foreign currency trading as movement of assets but the point that you can make money exchanging currencies remains the same.

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