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johannmeya
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Forex

Postby johannmeya » Mon Sep 11, 2006 3:10 am

This might be a simple question for those to answer who do a lot of forex trading....? Currently I am in Japan and need to exchange some US dollar into Yen, and wanted to know what would be the cheapest way to do so. Should I have someone exchange the money in the US and then bring it to Japan, or should I exchange it here in Japan? Or is there a way to open a forex account, buy yen, and then wire it back to an account?

Besides the main question - what is anyones guess to what day might be best to exchange the money in the next 2 weeks?


Aloha,
Johann

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Postby TheRumpledOne » Mon Sep 11, 2006 4:34 am

I think the simplest would be going to an exchange company or bank.

Just check the net for the exchange rate so you know how bad you are getting gyped....lol
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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johannmeya
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Postby johannmeya » Mon Sep 11, 2006 2:59 pm

Thanks,
I will check the banks to see how much pain they want to offer....

Aloha,
Johann

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Postby michal.kreslik » Wed Sep 13, 2006 9:01 am

The private money dealers always offer the best exchange rate. Although you never get the same rate on the street as you get in forex (also you deal with much more money in forex), you always get better rate with this private money dealer than if you go to the bank as a retail client.

Try to find a private money dealer in your area.

Michal

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Postby johannmeya » Thu Sep 14, 2006 4:52 am

Thanks! will do that!! Aloha, Johann

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