Forex Made Easy » bank http://www.made-easy-forex.com Offers Forex Trading,Currency Trading,Forex Brokers,Market Forecasts,Charts,Forex Signals Tue, 07 Feb 2012 08:47:20 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Q&A: Trying to convert currency from US dollar into Israeli shekels. not going to Israel, HORRIBLE bank rates, help? http://www.made-easy-forex.com/qa-trying-to-convert-currency-from-us-dollar-into-israeli-shekels-not-going-to-israel-horrible-bank-rates-help/ http://www.made-easy-forex.com/qa-trying-to-convert-currency-from-us-dollar-into-israeli-shekels-not-going-to-israel-horrible-bank-rates-help/#comments Wed, 14 Dec 2011 06:29:22 +0000 admin http://www.made-easy-forex.com/qa-trying-to-convert-currency-from-us-dollar-into-israeli-shekels-not-going-to-israel-horrible-bank-rates-help/ Question by zzzzzzzzz: Trying to convert currency from US dollar into Israeli shekels. not going to Israel, HORRIBLE bank rates, help?
I am trying to convert about 610$ into Israeli shekels to protect against devaluation. I have checked around on yahoo answers and they all say convert when you go to Israel, but I am not going to Israel. I am not trying to play the currency game, I have never done currency trading before but I am trying to protect myself. What is the best way get shekels in the US? I checked online (Forex, XE, etc) exchange rates are 1$ = 3.5 shekels (average) I tried to go to the bank (Its Chase I have a account there and they said they will not charge me ) and the exchange rate there is 1$ = 3.05, ouch. the shekel-dollar converter is 0.33$ while online rates are 0.28 cents. I wish I had some shekels on me already :(

At the bank I was only going to get 1800 shekels (it was 1800 even, I think they are skimming money off the top the money didn’t match the 3.05) instead of 2100 shekels. and they spelled it sheqels instead of shekels. somebody was there who hadn’t done this before; maybe the messed up, but the machine showed Israel sheqels N

my questions
1. what is a good conversion rate.

2. where can I find that rate.

3. any other fees involved that I should look out for.

thank you for your help and sorry about the poor grammar
gotchya on the exchange rate thing, I thought that the fee was charged as a percent of total money converted. I kinda thought $ 500-$ 3000 was the norm as far as currency exchange, I don’t know a lot of people with $ 10,000+ who are not investors. with the Israel thing I don’t pretend to be a expert but wasn’t that a different currency dealing with inflation? like the old shekel or something.

If I am trying to counteract inflation what would you opinion be on what to buy with that money. I am not buying a third of a ounce of gold but any other ideas would be appreciated.

note: I will be away and will not respond for another 6-24 hours, I’m not dissing anyone :)
gotchya on the exchange rate thing, I thought that the fee was charged as a percent of total money converted. I kinda thought $ 500-$ 3000 was the norm as far as currency exchange, I don’t know a lot of people with $ 10,000+ who are not investors. with the Israel thing I don’t pretend to be a expert but wasn’t that a different currency dealing with inflation? like the old shekel or something.

If I am trying to counteract inflation what would you opinion be on what to buy with that money. I am not buying a third of a ounce of gold but any other ideas would be appreciated.

note: I will be away and will not respond for another 6-24 hours, I’m not dissing anyone :)

Best answer:

Answer by Matt
Why on earth would you want to do this?

First off, currency trading small amounts is going to eat you alive because you are paying broker fees both ways, even if it is not a flat fee. The spread between what you see on line and what the bank is paying is that fee.

Then you have inflation. consumer inflation is pretty similar between the US and Israel now, but historically, Israeli inflation has been off the charts. If it spikes again, then you are going to be losing serious money (though with only 610 at play, there is only so much you can lose). Do you really think that the Israeli government is a better long term bet that the US government?

Add your own answer in the comments!

]]> http://www.made-easy-forex.com/qa-trying-to-convert-currency-from-us-dollar-into-israeli-shekels-not-going-to-israel-horrible-bank-rates-help/feed/ 1 How can i open a bank account in another country for stock and forex trading? (non-resident)? http://www.made-easy-forex.com/how-can-i-open-a-bank-account-in-another-country-for-stock-and-forex-trading-non-resident/ http://www.made-easy-forex.com/how-can-i-open-a-bank-account-in-another-country-for-stock-and-forex-trading-non-resident/#comments Sat, 10 Dec 2011 02:25:12 +0000 admin http://www.made-easy-forex.com/how-can-i-open-a-bank-account-in-another-country-for-stock-and-forex-trading-non-resident/ Question by Saif Tauheed: How can i open a bank account in another country for stock and forex trading? (non-resident)?
how can i open a bank account in another county for forex and stock trading! I am an indian here fx trading is illegal so I am looking for some countries that offer to open bank account without being the resident ir even staying at that country and i need to trade and invest from that bank account and do all the transcations from that account, please let me know if it is possible?

Best answer:

Answer by Raysor
The FX dealer will usually have facilities.

Know better? Leave your own answer in the comments!

]]> http://www.made-easy-forex.com/how-can-i-open-a-bank-account-in-another-country-for-stock-and-forex-trading-non-resident/feed/ 2 What bank in tulsa can you trade currencies? http://www.made-easy-forex.com/what-bank-in-tulsa-can-you-trade-currencies/ http://www.made-easy-forex.com/what-bank-in-tulsa-can-you-trade-currencies/#comments Fri, 09 Dec 2011 09:29:12 +0000 admin http://www.made-easy-forex.com/what-bank-in-tulsa-can-you-trade-currencies/ Question by Night Rider: What bank in tulsa can you trade currencies?
I am going to trade my $ to Does the bok bank in downtown offer currency exchanges?

Best answer:

Answer by thecharleslloyd
All of them will change your money.

Know better? Leave your own answer in the comments!

]]> http://www.made-easy-forex.com/what-bank-in-tulsa-can-you-trade-currencies/feed/ 3 Where can I trade in currency from Central Bank of Bahrain and Bank Negara Malaysia? http://www.made-easy-forex.com/where-can-i-trade-in-currency-from-central-bank-of-bahrain-and-bank-negara-malaysia/ http://www.made-easy-forex.com/where-can-i-trade-in-currency-from-central-bank-of-bahrain-and-bank-negara-malaysia/#comments Sun, 20 Nov 2011 15:29:07 +0000 admin http://www.made-easy-forex.com/where-can-i-trade-in-currency-from-central-bank-of-bahrain-and-bank-negara-malaysia/ Question by Top Notch: Where can I trade in currency from Central Bank of Bahrain and Bank Negara Malaysia?
My brother was in the army and brought me money from places he’s been so I can see what it looks like and I was wondering where can I trade the money in at for USD? I live in Bakersfield, California…

Best answer:

Answer by _
visit the website of the embassy of Bahrain : http://www.bahrainembassy.org/

Know better? Leave your own answer in the comments!

]]> http://www.made-easy-forex.com/where-can-i-trade-in-currency-from-central-bank-of-bahrain-and-bank-negara-malaysia/feed/ 0 when one opens a forex trading acct. who is the market maker for the currency pairs, the bank that the trading http://www.made-easy-forex.com/when-one-opens-a-forex-trading-acct-who-is-the-market-maker-for-the-currency-pairs-the-bank-that-the-trading/ http://www.made-easy-forex.com/when-one-opens-a-forex-trading-acct-who-is-the-market-maker-for-the-currency-pairs-the-bank-that-the-trading/#comments Fri, 18 Nov 2011 00:29:11 +0000 admin http://www.made-easy-forex.com/when-one-opens-a-forex-trading-acct-who-is-the-market-maker-for-the-currency-pairs-the-bank-that-the-trading/ Question by michaelpc12: when one opens a forex trading acct. who is the market maker for the currency pairs, the bank that the trading
does business with or is it a whole system of average prices for the currencies in question

Best answer:

Answer by StopSpending
Can’t say in general, but it’s clear that you trade only with Deutsche bank if you use their service.

“3. PRICES AND OPEN POSITIONS

3.1 We will provide you with “bid” and “offer” prices in respect of currencies through our Trading Station or Dealing Desk. The prices that we quote are determined by us and usually represent a mark-up or markdown of inter-bank dealing rates. Each price shall be effective and may be used in a dealing instruction prior to the earlier of its expiration time and the time, if any, at which it is otherwise withdrawn by us. A price may not be used in a dealing instruction after such time. Each price shall be available for use in a dealing instruction for a transaction with a principal amount not to exceed a maximum determined by us. You acknowledge that these prices and maximum amounts may differ from prices and maximum amounts provided to other customers of ours and may be withdrawn or changed without notice. We may in our sole discretion and without prior notice to you immediately cease the provision of prices in some or all currency pairs and for some or all value dates at any time.”

What do you think? Answer below!

]]> http://www.made-easy-forex.com/when-one-opens-a-forex-trading-acct-who-is-the-market-maker-for-the-currency-pairs-the-bank-that-the-trading/feed/ 0 How i can only currency trade NOT FOREX ,which is the best bank in Canada to open account for currency trade? http://www.made-easy-forex.com/how-i-can-only-currency-trade-not-forex-which-is-the-best-bank-in-canada-to-open-account-for-currency-trade/ http://www.made-easy-forex.com/how-i-can-only-currency-trade-not-forex-which-is-the-best-bank-in-canada-to-open-account-for-currency-trade/#comments Wed, 16 Nov 2011 12:29:09 +0000 admin http://www.made-easy-forex.com/how-i-can-only-currency-trade-not-forex-which-is-the-best-bank-in-canada-to-open-account-for-currency-trade/ Question by PAK: How i can only currency trade NOT FOREX ,which is the best bank in Canada to open account for currency trade?

Best answer:

Answer by Rockford
biggest banks are

Royal Bank of Canada (RBC)
Toronto Dominion Bank (TD Canada Trust)
Bank of Novia Scotia
Bank of Montreal

The Royal Bank is the biggest. The Toronto is known for the best stock trading. Novia Scotia is known for is gold bullion trading. Sorry, but I’m not sure about currency trading.

Add your own answer in the comments!

]]> http://www.made-easy-forex.com/how-i-can-only-currency-trade-not-forex-which-is-the-best-bank-in-canada-to-open-account-for-currency-trade/feed/ 1 what bank in Dallas area deals with trading foreign currency’s for American dollars? http://www.made-easy-forex.com/what-bank-in-dallas-area-deals-with-trading-foreign-currencys-for-american-dollars/ http://www.made-easy-forex.com/what-bank-in-dallas-area-deals-with-trading-foreign-currencys-for-american-dollars/#comments Sun, 06 Nov 2011 09:29:03 +0000 admin http://www.made-easy-forex.com/what-bank-in-dallas-area-deals-with-trading-foreign-currencys-for-american-dollars/ Question by txtx: what bank in Dallas area deals with trading foreign currency’s for American dollars?
new zealand and austraila or canadian dollars

Best answer:

Answer by tonalc1
I found no banks in the area who provide the service. Here’s who does:

http://www.hellodallas.com/YP/c_CURRENCYFOREIGNCURRENCYEX.Cfm

http://dallas.citysearch.com/yellowpages/directory/Dallas_TX/100/232/page1.html

Give your answer to this question below!

]]> http://www.made-easy-forex.com/what-bank-in-dallas-area-deals-with-trading-foreign-currencys-for-american-dollars/feed/ 0 Is it correct for one to trade in currency forex offline (from Bank to Bank?)? http://www.made-easy-forex.com/is-it-correct-for-one-to-trade-in-currency-forex-offline-from-bank-to-bank/ http://www.made-easy-forex.com/is-it-correct-for-one-to-trade-in-currency-forex-offline-from-bank-to-bank/#comments Tue, 01 Nov 2011 15:29:28 +0000 admin http://www.made-easy-forex.com/is-it-correct-for-one-to-trade-in-currency-forex-offline-from-bank-to-bank/ Question by Thor: Is it correct for one to trade in currency forex offline (from Bank to Bank?)?
Would like to find out if individuals conduct offline currency trading from one bank to another with a view to make profitss. I would like to do that personally given the income potential it has (am a student). What it means is I can use capital to Buy & Sell from one Bank to another according to daily rates. Is it anything new? Are there threats to this endeavor?

Best answer:

Answer by Al Mac Wheel
You can try it.

Many other people have tried it.

It is a huge gamble.

You can make money, you can also lose your shirt.

A warning … make sure you have an appropriate paper trail on what you are up to … because it can look suspicious to authorities looking for terrorists and professional criminals.

Add your own answer in the comments!

]]> http://www.made-easy-forex.com/is-it-correct-for-one-to-trade-in-currency-forex-offline-from-bank-to-bank/feed/ 0 What’s the limit of currency conversion at any bank? http://www.made-easy-forex.com/whats-the-limit-of-currency-conversion-at-any-bank/ http://www.made-easy-forex.com/whats-the-limit-of-currency-conversion-at-any-bank/#comments Fri, 28 Oct 2011 21:29:01 +0000 admin http://www.made-easy-forex.com/whats-the-limit-of-currency-conversion-at-any-bank/ Question by Samay Kala: What’s the limit of currency conversion at any bank?
What’s the maximum amount a common individual can convert at a bank, in terms of USD?

And, what about the folks who earn a living trading currencies at the Forex Market? Do they have their currencies converted at a specialised institution, or do they just convert them through the banks? And if they do, are they required to hold some sort of license?

Best answer:

Answer by Goddy
The maximum foreign currency in usd that u can convert in a bank has no limits, only if its more than 5000usd, u should have your cash declared at the airport. With the reciept from the airport u can change any amount of cash. But if u do not like to declare cash at the airport (as the custom off counts it at the airport, so risk of robbery) u can change it in black at any jewellers shop at chira bazaar if ur in mumbai. But remember then u cannot put the whole amount in the bank as it is black money.

Add your own answer in the comments!

]]> http://www.made-easy-forex.com/whats-the-limit-of-currency-conversion-at-any-bank/feed/ 1 Q&A: How do I get funds tranfer from UK when my bank branch do not have forex facility? http://www.made-easy-forex.com/qa-how-do-i-get-funds-tranfer-from-uk-when-my-bank-branch-do-not-have-forex-facility/ http://www.made-easy-forex.com/qa-how-do-i-get-funds-tranfer-from-uk-when-my-bank-branch-do-not-have-forex-facility/#comments Sun, 23 Oct 2011 14:25:58 +0000 admin http://www.made-easy-forex.com/qa-how-do-i-get-funds-tranfer-from-uk-when-my-bank-branch-do-not-have-forex-facility/ Question by jenni_jerome: How do I get funds tranfer from UK when my bank branch do not have forex facility?
I need to get funds from UK and SBI bank branch (in which I have account) do not have forex facility (therefore do not have IBAN/BIC code). Can it be possible to get funds transferred to other branch (which has forex facility) and then transfer from one branch to another?

Best answer:

Answer by Adrian
I would suggest that you use a currency exchange specialist. You would transfer the money to them, they would do the currency transfer for you and then transfer the money on to your destination account.

Companies I would suggest

This is a site with reviews of the some of the UK’s top currency exchange sites.

http://www.currency-exchange-reviews.com/foreign-currency-exchange.html

Foreign Exchange Companies

www.voltrexfx.com
www.currenciesdirect.com

Know better? Leave your own answer in the comments!

]]> http://www.made-easy-forex.com/qa-how-do-i-get-funds-tranfer-from-uk-when-my-bank-branch-do-not-have-forex-facility/feed/ 0