posted
The other day I was making a money transfer from my Cnd account to US account. The exchange rate was quite volatile, so I was kind of waiting around to save my self some money - not much, I think it was 11 cents. Anyway, this is not the point of this story. My question to you: did any body try to make money going back and forth and swing trade based on currency exchange. In more detail, is this legal, how do you report it? I know that at TDWaterhouse the exchange rate has fee incorporated, so its not like fees are not paid. To conclude this, one having hundreds of dollars in the bank could easily make some good money.
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
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yeah you can do this if you know what you are doing.. you can also trade the currency markets via the Futures market, options market etc.. if you want to learn more about this topic i'll recommend a book.. there is huge money to be made in currency trading..i dont know if you know but a trillion dollars or more per day is traded in the currency markets.. makes the stock market look like playing marbles... below is the book im currently reading..
The Vandals' Crown (How Rebel Currency Traders Overthrew The World's Central Banks) by Gregory J. Millman
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