The requirement to exchange one currency for another is a requirement for every cross-border deal someplace along the way. And this is absolutely nothing brand-new. As long as there has been International Trade there has been a requirement to exchange currency. To help facilitate International Trade, the interbank market was born.
There are all kinds of participants in the 4x currency trading market. The top trading level is that of the inter-bank market. This group consists of the biggest financial investment banks. They have access to the very best execution prices in the market. The factor for this is that they trade big volumes of currencies daily. Prices for a particular currency will vary at different levels of trading as well as various places. These differences are generally not large though. The banks main goal is to trade for themselves in a successful method, although they do trade for their clients also. They are over 50% of the day-to-day volume.
The CurrencyShares Products are provided by Rydex-SGI. At the time of writing this post, ten CurrencyShares here Products are readily available, the current one being the CurrencyShares Chinese Renminbi Trust (Ticket Sign: FXCH) in April 2011. All CurrencyShares Products are traded on the NYSE Arca. Here is the great news for you and me. There are CurrencyShares Products readily available on the major currency sets such as EUR/USD, USD/JPY, aud/usd and gbp/usd. They are FXE, FXB, FXA and FXY and all are optionable.
It's time for the American people to consider boycotting items from China, and demand that we are not associated with bailing out Europe. Why, since we need to not reward bad habits, and since our way works. Eventually we are going to have to impose the rules of free and reasonable trade on this world. They play our method, or they have no access to our markets. Does that noise too harsh? Oh, I bet it will to the Council on Foreign Relations, the State Department, the World Trade Organization, the United Nations, and all the leaders of China and Europe, and while I'm at it - let's not let Russia off the hook either.
Individuals don't like the word sell. When they hear or read that word, and a lot of interest disappears. Too bad. Due to the fact that selling doesn't imply calling folks at supper time. It doesn't imply bring a brief-case filled with samples door to door.
I think at some point, I recognized that there were just a lot of of these worldwide scammers, attempting to make a buck of organizations so I stopped responding. When I opened the one from a Texas site I had actually posted a classifieds website on, I had the usual sinking sensation and just deleted it.
You'll find out that the wise way to do global currency trading is not through spread wagering (unless you too have millions to trade with) but through other approaches such as covered warrants, where you don't get stopped out by the volatility. You'll understand that day trading is not the method to go. Warrants may not be as quickly as spread betting, but you stand a far much better possibility of making money with them.