Gambling on currencies for physical currency tradi

For the past 10 years, I have been working with my currency account in US dollars. It was a real roller coaster ride, during which I sometimes fought hard, and sometimes fought back. In the end, I came out when I did it, and while I was ahead in the game in 10 years. I didn't achieve my goal, but I stayed there and did everything well.

Since then, I have taken this money and deposited it in my brokerage office in US dollars. Being a Canadian and knowing that the current exchange would give me a good accumulation of CAD, I planned to convert it to CAD at the best possible rate (s) and invest in the TSX. I believe that over the next year or two, this may turn out to be a good opportunity to earn some money, given the current economic situation in the world.

Well, I really like the current exchange rate, but I don't like it. So, yesterday I took 300 thousand US dollars and sold them for 1,36120 Canadian dollars. This brought me a little more than 408 thousand dollars. Some time later, I placed another order to collect these 408 thousand dollars and redeem US dollars. The transaction worked at the level of 1.35950, which brought me a profit of $ 368 to about 16.00 Canadian dollars in commission. Okay, a profit of $ 352. In no case is it scary.

Today I sold 400 thousand US dollars for 1.36125, which brought me 544,500 Canadian dollars. Now I have a USD repurchase order with this CAD @ 1.35750. If this transaction takes place, it will bring me from 1,105. 00 to 20.00 Canadian dollars as a commission.

I know this pair and I know the range in which it usually fluctuates. If a pair fails and I get stuck with a certain currency because it loses value, I agree with that. Both currencies are good, and I can invest in either of them. If the CAD weakens against the US dollar, then I can just buy the CAD with all this and not look back.).

I am writing this because I feel 1000 times safer doing what I am doing now than the type of trading I have been doing for the last 10 years! Yes, you need a lot of money to make a good profit, but this applies to both types of Forex trading. But now I don't have to worry about swaps, ridiculous fluctuations and transactions with other currencies, and I will be caught with my pants down, and all my money will be tied up for several months in a row. Making transactions in the amount of 200 to 500 thousand US dollars every couple of days can bring quite a good profit, even if the pair fluctuates by only a few points. Now that I get my profit, it's a real profit. I do not work with a deficit in my open trades in the amount of 100-500 thousand US dollars, as it was before in my previous trading life! This is a net profit in US dollars or Canadian dollars. This is a good way to earn a little$$$ if I am not interested in investing in stocks at the moment.

Your thoughts?

If you are planning to start earning money on currencies, you must immediately understand the main principle of this type of earning. It is speculation. The task, at first glance, is quite simple: you need to sell more expensive what you can buy cheaper. In this case currency will be the commodity. The easiest way to get income in this direction is to work with banks and exchange offices. In this case you will always get cash in hand, instead of dealing with virtual accounts. The only drawback is that the purchase of currency in banks and exchange offices is carried out with a surcharge. Accordingly, you will not be able to earn too much. Large currency speculators never go to banks or exchangers. So for me it is easier and faster, but keeping the same risk to use this site - https://yummyspins.com/review/7bit-casino/. Good luck to you!

Edited by NicholasBlak252766 - 02 August 2021 at 10:59pm

This article reminded me of how I used to gamble, and it gave me many emotions because this passion has brought me many dollars.
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