Currency Exchange Idea
 

I know it is a relatively small matter to consider when clearing a bonus; however, I thought about the matter of converting monies after I cleared the William Hill 25 pound bonus. Would it be worth it to clear this bonus during a time of the month when the pound is marginally higher? Does the subsequent depreciation of the dollar relative to the pound diminish any gain you could net from this?

Just consider:
1.71*25=$42.75
1.76*25=$44

Probably pointless to consider, unless you only needed to decide when to knock of the last half hour of a bonus or the last 20 or so raked hands at Littlewoods or something. Perhaps this would be something to take into account when doing a larger bonus where currency conversion was involved, or am I full of it and missing something?

Re: Currency Exchange Idea
 

What method would you use to determine in advance when during the month the exchange rate would be most favorable???

Crystal Ball?

Re: Currency Exchange Idea
 

LOL!

If you can determine what the exchange rate is going to be, there is WAAAAY more money to be made in the currency market than a measly GBP 25 bonus.

Re: Currency Exchange Idea
 

But fortune telling is such a respectable business...

Re: Currency Exchange Idea
 

it doesnt really matter when you transfer money cos the merchant (Neteller, Visa etc) will just screw u anyway

Re: Currency Exchange Idea
 

I figured it was a pointless exercise, more luck-based than anything else.

Re: Currency Exchange Idea
 

[ QUOTE ]
it doesnt really matter when you transfer money cos the merchant (Neteller, Visa etc) will just screw u anyway

[/ QUOTE ]

how is that? I've just been doing electronic transfers on neteller and I've had no fees at all. The only catch is it has to be at least 20 bucks.

Re: Currency Exchange Idea
 

[ QUOTE ]
[ QUOTE ]
it doesnt really matter when you transfer money cos the merchant (Neteller, Visa etc) will just screw u anyway

[/ QUOTE ]

how is that? I've just been doing electronic transfers on neteller and I've had no fees at all. The only catch is it has to be at least 20 bucks.

[/ QUOTE ]

You haven't SEEN any, but each conversion you've been getting dinged just under 2% for their conversion spread.

Re: Currency Exchange Idea
 

Listen D00d if you dont need it dont clear it . the pound is at a pretty major low right now.

I dont have my trading platform open right now so I cant tell you exactly how major or how low. but I do Know some institutional currency traders have predicted good longs comming so You might want to keep it in there for awhile longer .

I will repost later today when the 4X is trading (11 AM PST.)

timmer

Re: Currency Exchange Idea
 

DMI AMX stoc and fib indicators on a daily interval.

they are almost 100% correct with in a few 100 pips

timmer