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Canada: Finance, Real Estate, Insurance, Immigration:How not to lose moneyin Forex?


Dear readers,

Today we find out how not to lose money in Forex.


How not to lose money in FOREX.

forex tradeBefore we answer this question, let’s see how one can lose money in FOREX (Foreign Exchange Market – FOREX) – International Foreign Exchange Market. The birth of FOREX should be credited to the American president Nixon, who renounced the conversion of theUSD into gold. As a result, due to budget and trade deficit in the US, the US dollar could no longer serve as an international currency.

The renunciation of gold standard put an end to Bretton-Woods Agreement and ‘fixed’ rates of the foreign currencies against the US dollar. The subsequent cancellation of the restrictions against free capital flow among the countries, along with the floating currency rates, allowed the investors and financial institutions to acquire a new ‘playground’ for their future endeavors. Daily capital turnover in FOREX is USD 1.2 billion (2005), which is 40 times bigger than NASDAQ’s stock exchange turnover.

forex currency tradingHow is the game in FOREX trading organized? It is organized around international trade. Let’s assume that a certain Canadian company (we can conveniently name it Canacs) sells Canadian lumber to Chinese company (we can conveniently name it Chinacs). The Canacs Company undertakes the delivery of 400, 200 and 300 hypothetic units of lumber to Chinacs in May, June and July. There are possibilities of different provisions to this contract. Let’s assume that the contract states the price on lumber in CAD. Hence Chinacs has to pay to Canacs in CAD during established period of time. Chinacs will be selling lumber in China for Chinese money.

More information on how not to lose money in FOREX. >>

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Gold & Silver in Canada

Item Buys at Sells at Buys at (USD) Sells at (USD)
1 OZ GOLD BAR $1,776.00 $1,821.00 $1,818.00 $1,861.00
5 OZ GOLD BAR $8,871.00 $9,085.00 $9,078.00 $9,283.00
10 OZ GOLD BAR $17,722.00 $18,150.00 $18,136.00 $18,546.00
1 KILO GOLD BAR (32.15 TROY OZ.) $56,877.00 $58,163.00 $58,207.00 $59,433.00
1 OZ GOLD MAPLE LEAF .9999 $1,783.00 $1,863.00 $1,825.00 $1,904.00
1/2 OZ GOLD MAPLE LEAF $907.00 $967.00 $929.00 $989.00
1/4 OZ GOLD MAPLE LEAF $458.00 $493.00 $469.00 $503.00
1/10 OZ GOLD MAPLE LEAF $187.00 $206.00 $191.00 $211.00
1/20 OZ GOLD MAPLE LEAF $93.00 $121.00 $96.00 $124.00
1 OZ SILVER MAPLE LEAF $41.54 $44.83 $42.51 $45.81
1 OZ SILVER MAPLE LEAF (50+ COINS) $41.54 $44.64 $42.51 $45.61
1 OZ SILVER MAPLE LEAF (500+ COINS) $41.54 $44.44 $42.51 $45.41
1 OZ SILVER BAR / ROUND $40.71 $43.75 $41.66 $44.71
10 OZ SILVER BAR $407.00 $436.00 $417.00 $445.00
50 OZ SILVER BAR $2,035.00 $2,139.00 $2,083.00 $2,185.00
100 OZ SILVER BAR $4,071.00 $4,243.00 $4,166.00 $4,336.00
1 OZ PLATINUM BAR $1,762.00 $1,857.00 $1,803.00 $1,898.00
1 OZ PLATINUM MAPLE LEAF $1,828.00 $1,931.00 $1,871.00 $1,973.00


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