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Topic: foreign exchange trading for profit..  (Read 601 times)

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foreign exchange trading for profit..
« on: May 10, 2006, 05:39:06 PM »
anybody with both a US and UK bank account thought about doing foreign exchange trading?  just curious, as ive spent the past three hours reading about it when i should be doing the dishes oops.

anybody with XE trade thought about doing this?
« Last Edit: May 10, 2006, 05:43:14 PM by karenn »
married my husband and moved to england sept 2005, moved back to USA sept 2008


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Re: foreign exchange trading for profit..
« Reply #1 on: May 11, 2006, 10:15:46 PM »
I have a US and a UK bank account and have used XE to transfer money. I only do it as a necessity versus doing it as a profit. However, I have been monitoring the exchange rate since my first trade back in April and it looks like you can get more US dollars now than back in April.


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Re: foreign exchange trading for profit..
« Reply #2 on: May 14, 2006, 12:43:03 AM »
don't forget that any profit on non-US currency is taxable in the US.


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