Posts Tagged ‘Dollar’
What is the minimum capital needed for forex, options and futures trading ? Free and recommended simulators ?
Hello guys,
I’m interested in learning more about forex, options and futures trading. I heard that there are mini or micro account that can go as little as US$ 200 or 300 dollar. Is it true ?
Also, any recommendations for free forex, options and futures trading simulators ? I know that some websites provide this service but usually the virtual capital is too high (10K or up), and I want to set the initial capital to small amount like US$ 300 or 500.
If possible, is there any recommendations for courses/books ? I’m not aiming for those "fancy" amount of income, several thousand/month is OK. Of course I’m not looking for courses that cost hundreds or thousands of dollars…
Thanks for the input. I agree that it’s a bit too much to expect thousands of returns for such a small amount of capital.
But, if I expect my capital which is around 300 or 500 to be doubled by around 1-2 month. Doesn’t is sound possible ????
My plan is actually something like this :
The capital will be 300 or 500. The goal is to double the capital by around 1 - 2 mounth(s).
When I have more money, I will buy more lots…
To make it safer, every time I manage to double the previous capital, I will do one more time before I plan to use more capital to trade.
It will be something like this (US0 capital) :
500 - 1000 - 1000 (don’t use for trading) - 2000 - 2000(don’t use for trading) - 4000 and so on …
Now the problem is to find the system that are able to do this… Any recommendations ?
I personally distrust systems that cost hundreds or thousands or dollars. There are simply too many scams…
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- Monday Lotto AU 1million Tonight's draw is quite difficult to predict, but may be worth a few dollars. All numbers will probably be derived from the last 10 draws. 2 numbers out of the following 6 may feature: 3 8 23 24 27 42 12 games played in-house, with "Double up" feature, Cost: $6.05......
- Monday Lotto AU 1million Once again, sticking to the same strategy followed the last few draws, small numbers under 33, and derived from previous 7 draws or less. These are the 2 factors due to come into play, maybe seperately, maybe together. It is taking a bit of a punt, but using both factors......
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- Wednesday Lotto AU 1.5million No change in strategy today, as both aspects look strong, under 33 mainly or all, and within recent 4-7 draws. Due mainly to Saliu ION Filters being fairly low for a few draws, and having ANY 6 Filters of 43 and 35 in draw 7 and draw 9, all point......
I have just started using ameritrade online to trade stocks. How can I invest in the US dollar?
I saw the rise today but how can I make an investment move on the dollar or any currency change for that matter using Ameritrade? NOTE: I am fairly new to trading. Thank you for your help.
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now that the real problems facing america can’t be so easily hiden,?
should ron paul run as a independent.
even fox is talking about how right he is
Time to Listen to Ron Paul?
By Elizabeth MacDonald
Time to listen to Texas Congressman Ron Paul, the lone voice of reason in Congress today who’s got to feel like he’s shouting into a field of cotton with his repeated warnings about the dangers of a collapsing dollar, while the administration goes AWOL on the problem.
The dollar just hit a record intraday low against the euro on reports that consumer confidence levels have dropped to levels not seen since the post-Watergate era. It is down 7% year to date against the Chinese renminbi, it’s weaker than the Japanese yen and the Canadian loonie.
The joke is the greenback is now only stronger than the Mexican pesos and the Zimbabwe dollar, an overstatement for dramatic effect, to be sure.But since hitting a peak in 2002, the dollar has lost about a quarter of its value against a trade weighted basket of currencies.
A weak dollar acts as an anvil around the neck of the US economy and consumers. Rising inflation is essentially a tax on consumers, so are rising energy prices, and that double whammy threatens to undermine the purchasing power of the rebate checks due out in May–backed by printing even more dollars.
A bellwether event of significant import to our nation’s finances happened this past January 1 with little notice. That’s the day the first baby boomer was allowed to retire. A new federal report wearily warns once again for the umpteenth time that the nation faces some t in Social Security and Medicare unfunded liabilities alone.
We’ve heard time and again conservatives say deficits don’t matter. To say that deficits don’t matter is like saying ketchup is a vegetable or trees cause pollution.
The 6b we pay annually in interest on the t in federal debt alone would rank as the world’s 30th biggest economy.
That annual interest cost surpasses the gross domestic product of Belgium, and is bigger than the GDP of Denmark and Hungary combined. The 6b would cover the annual cost of investigating Medicare fraud.
Stack all those one dollar bills making up our t deficit (and that doesn’t include the t in unfunded liabilities for Medicare and Social Security) and you would reach the moon and back. “Printing money cannot create wealth, if it could counterfeiting would be legal,” economist Brian Wesbury has said.
Even Milton Friedman, the Nobel Prize-winning economist and a forceful advocate for laissez-faire economics, got so sick of the way central bankers were willy nilly printing money in the ‘70s, he advocated that the government should replace the Federal Reserve with a computer. “Money is too important to be left to central bankers,” he quipped.
Broad zoom: The US economy has spent all of a year and four months in a downturn over the last two and a half decades. During that time we’ve seen a market crash of 22% in 1987, the S&L crisis, four wars, three financial crises (Mexico, Asian flu and Russian debt crises), the blow up of the hedge fund Long Term Capital, two asset bubbles (dot com and telecom). Since the Bush tax cuts of 2003, the US economy added the equivalent of China’s GDP–and government spending has boomed.
Now Federal Reserve chairman Ben Bernanke has both cut rates at a breakneck speed and pumped a massive amount of monetary stimulus into the markets to cure the credit crisis. I still think he is doing his level best to fix a crisis not entirely of his own making. The question now is, will Bernanke yank the liquidity punch bowl when the economy returns to trend growth in 2010 or 2011 as the central bank projects?
Let’s hope so, because the case for a weak dollar is, to me, well, weak. Namely, that a lame greenback softens the housing and credit crises as it fuels profits at US exporters whose goods are now dirt cheap in the eyes of foreign customers. Strong foreign sales at places like Boeing and Caterpillar reportedly added 1.4% to US growth in the second quarter of 2007. But exports make up just 13% of GDP. Consumers make up a larger 70%.
It’s no surprise consumer confidence is as weak as it was in the ’70s. LBJ had promised this country it could have both guns and butter in the ‘60s, so the Federal Reserve gunned the printing presses to pay for spending on entitlement programs and for the Vietnam war. For the first time, too, politicians got their mitts on taxpayers’ Social Security funds, after Democrats passed a so-called “unified budget” in the late ‘60s.
All that spending caused the dollar to nosedive in the 1970s amidst an oil embargo that sent oil costs, priced in dollars, soaring. Paul Volcker, then Fed chairman, enacted rapid rate hikes hitting 21% by 1979, and the Treasury went so far as to sell .4b in “Carter bonds,” largely denominated in Deutschemarks, to prop up the dollar. Gold got ripped off its mooring of an average an ounce in the ‘70s, and in 1980 it hit a record 5 an ounce, around ,250 in today’s prices.
Gold acts as a dew line for inflation. We essentially have a good handle on how much gold there is in the world and potentially below ground. When gold rises in price, it signals we are printing too many dollars, which indicates a concurrent drop in the greenback’s value. Over the last seven years, gold and oil prices have risen in lockstep, up 239% and 267% respectively. If the dollar had also risen in value at the same rate, oil would be selling at about a barrel.
But now central bankers say that because of the weak dollar, they’ve seen capital losses carved out of an estimated .34t worth of US dollars they hold in foreign currency reserves; Japan holds the most dollars, China is second. The fear is they may unload these plunging greenbacks en masse to cut their losses and run–which would really tip the US into a protracted recession. Already reports out of China show government officials there willing to rotate future planned investments out of US treasurys into other investments.
Countries pegged to the dollar are rightly saying, too, that we are exporting inflation to their shores. Saudi Arabia is a land that has had nearly zero inflation since 1998, but recently inflation soared to 7% annually, despite the fact the country is flush with petrodollars.
Congressman Paul rightfully warns us when he says the US government has “systematically undermined” the US dollar by expanding “the money supply at will for financing war or manipulating the economy with little resistance from Congress–while benefiting the special interests that influence government.”
It’s not just the US gunning the mints. Goldman Sachs figures that three-fifths of the world’s broad money supply growth came from emerging economies over the past year or so. Three-fifths. That’s gigantic.
Goldman Sachs says the growth in Russia’s M3 measure of broad money grew 51% over the last year or so, India by 24%, and by 20% in China, Saudi Arabia, South Africa and Brazil. That’s three times as fast as the US and the rest of the developed world, and it’s faster than their GDP growth rates. It’s the fastest pace in decades.
All that loose money is pouring into commodities, stock exchanges around the planet as well as bond markets–it’s largely why our long-term bond yields have been historically low, spurring a dramatic increase in mortgage borrowing, as mortgage rates typically track the 10-year Treasury note.
Watch out here–emerging economies are just as susceptible to minting lots of money due to political pressures, including things like paying for wars, or calming local populations clamoring for higher pay and more jobs.
What can be done stateside?
The administration needs to state more emphatically that it supports a strong dollar. A stronger dollar would draw liquidity back into the credit markets, lower inflation risks, cut oil prices and restart economic growth, notes Bear Stearns economist David Malpass.
Presidential candidates vilify NAFTA and free trade, when the weak dollar is partly to blame for problems like jobs lost to overseas operations, Malpass adds.
“Empires fail because they run out of money, or more accurately, run out of the ability to spend or inflate,” Congressman Paul warns. “We need to control spending, immediately, before it is too late.”
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Is all the stories about the U.S dollar becoming worthless true or is that just some more propaganda?
I know that 1 Euro is equal to .55 USD now. Our monetary system is supposed to be the strongest in the world. I just don’t understand what’s going on here. People keep saying that the dollar is loosing its value because of all the all the new money that the B.E.P. is printing but on the other side of the coin (No Pun intended) The B.E.P. is destroying millions of dollars of old currency each day.
I personally am not worried if the U.S. does actually become worthless because I’ll just start growing my own food and start living off the grid. I’m not a “Tree Hugger” but I’m not going to let it get me down and depressed so “Big Pharma” can sell more antidepressants. Call me crazy but I think we need to start bartering and trading again like the settlers did when they first got off the Mayflower.
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Are all the stories about the U.S dollar becoming worthless true or is that just some more propaganda?
I know that 1 Euro is equal to .55 USD now. Our monetary system is supposed to be the strongest in the world. I just don’t understand what’s going on here. People keep saying that the dollar is loosing its value because of all the all the new money that the B.E.P. is printing but on the other side of the coin (No Pun intended) The B.E.P. is destroying millions of dollars of old currency each day.
I personally am not worried if the U.S dollar does actually become worthless because I’ll just start growing my own food and start living off the grid. I’m not a “Tree Hugger” but I’m not going to let it get me down and depressed so “Big Pharma” can sell more antidepressants. Call me crazy but I think we need to start bartering and trading like the settlers did when they first got off the Mayflower.
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- Monday Lotto AU 1million Once again, sticking to the same strategy followed the last few draws, small numbers under 33, and derived from previous 7 draws or less. These are the 2 factors due to come into play, maybe seperately, maybe together. It is taking a bit of a punt, but using both factors......
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Soon the Dollar will not be the world reserve currency, will that have an impact on US funding for Israel?
People are trading oil in €, yen etc. these days for the first time in decades, China is diminishing it’s treasury bonds holdings and nations are diversifying.
Will funding Israel be something which the US will have to curtai in, say, ten years time,l or is the pro Israel lobby so powerful that this funding will be a priority, for ever and ever and ever?
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How do I gauge how many shares of a stock I can purchase or sell without effecting it's price?
For example, say we have a security with price & avg daily vol of 1m share. That’s m a day infused into the stock divided by 390 (the # of minutes in a trading day) that’s about ,200 a minute that changes hand in that stock. If I see a trading opportunity and want to buy 0,000 worth of stock that minute how will that affect the price? Is there a factor like 2X, 3X, 4X, etc that I can use to know how much more (or less) than the normal 1 minute dollar flow I can successfully trade. Also, I use limit orders so I can’t just put in a market order and accumulate shares over a few minutes until I’m filled. This is a day trading strategy so price is very important to me and often times I need to get filled that minute.
Thanks for the help!
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The eur/dollar was trading at 1.5402 a few days ago and is now trading at 1.5728.?
I am new to currency trading and feel this is a massive move. Is their a reason economicly for this????
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