How much money you have made or lost in the first week

Assignment Help Other Subject
Reference no: EM131032240

For this discussion try your hand at gambling in the currency exchange market. Take an imaginary $10,000 and purchase some foreign currency at today's exchange rate, then convert back your foreign currency to dollars in a few days and calculate your loss or gain. For those of you who are high rollers you can "put all your eggs in one basket" and buy just one foreign currency with your $10,000, or for those cautious types you can choose to diversify and purchase multiple currencies.

Many webpages have foreign exchange rates and exchange rate calculators. Some of many include xe.com and x-rates.com. If you really want to get fancy, register at forex.com and get their free currency trading software.

Let your classmates know about your experiences, and share the details of your calculations. Give an initial update of how much money you have made or lost in the first week, and post at least one additional update by the end of the module.

Also, make sure to address the following questions regarding your experience with currency trading:

How does it compare to other types of gambling you've done? Would you ever invest in currencies using your own money after reviewing the material in this module and doing some pretend gambling in foreign currencies?

Reference no: EM131032240

Questions Cloud

Knowing the importance of sustainability of the environment : Knowing the importance of sustainability of the environment and Corporate Social Responsibility (CSR) for the company. Suppose you are PR Director, what would be some of the criteria to integrate sustainability into its long-term PR strategy?
As a matter of public policy : As a matter of public policy, should an employer be required to reinstate an unlawfully terminated employee even when that person is an illegal alien
Miriam njunge wants to start a small business : Miriam Njunge wants to start a small business importing some products from her native Kenya. Before she starts, some good advice to Miriam
Required rate of return-the risk free rate : The book discusses the valuation of a commercial bank. Some of the factors that are discussed are the Required Rate of Return, the Risk Free Rate, and the Risk Premium. Who determines the Required Rate of Return, the Risk Free rate and the Risk Premi..
How much money you have made or lost in the first week : Let your classmates know about your experiences, and share the details of your calculations. Give an initial update of how much money you have made or lost in the first week, and post at least one additional update by the end of the module.
Shares of preferred stocks with promised preferred dividend : You are given with the following information of a public firm Banana Kingdom. The firm has issued 30 millions shares of common stock with current market price as $35/per share, the expected dividend is $4.50/per share, 500,000 shares of preferred sto..
Do the two governments have a similar allocation pattern : A comparison of the expenditure categories of the two budgets. Do the two governments have a similar allocation pattern
Define the project goals in the context of change management : Define the project goals in the context of change management. Propose an action plan for creating change. Establish how progress will be measured. Determine how performance will be validated.
How does the nervous system influence activation : How does the nervous system influence activation of brown adipose tissue? What is a thermoneutral zone? How does metabolism and body temperature change outside of these zones for poikilotherms and homeotherms? Explain the concept of countercurrent ex..

Reviews

Write a Review

 

Other Subject Questions & Answers

  Reflects e-commerce success factor of security-reliability

Which of the following statements reflects the e-commerce success factor of security and reliability?

  What is the probability it is number 7

In roulette there are 24 slots into which a ball may land. They are numbered 0, 00, 000, 0000 and 1 through 20. The odd numbers are red, even numbers are black, and the zeroes are green. A ball is thrown randomly into a slot.

  Leadership style

Which type of leadership style takes charge of making decisions and makes sure people do what they are told?

  Hard drop and a currency acceptor drop

What is the difference between a hard drop and a currency acceptor drop and In which games would you find each type of drop?

  Select an article from a current business periodical such

select an article from a current business periodical such as the wall street journal the economist fortune etc. that

  Considered a binding contract by american law

Which of the following will be considered a binding contract by American law? Why? Laura offers to give Kenneth a novel if he promises to pick it up from her house. Kenneth accepts.

  Should government pay family caregivers who care for family

question 1 should government pay family caregivers who care for family members who have long term disability in lieu of

  Variety is the spice of life

Patricia Duong, having recently obtained her MBA, has been hired by one of the last of the large investment banking firms. As part of her responsibilities, she is required to make recommendations on investing in securities of foreign companies.

  Spanning boundary of organization to interact with customer

Which functional area is largely responsible for spanning the boundary of the organization to interact with customers?

  What is different about an omnibus bill

Given what you now know about how Congress works and how a bill is passed, what is different about an omnibus bill. What is the strategy behind omnibus bills. Provide an example from American politics. Other countries, notably Canada, use omnib..

  Competencies in health promotion and disease prevention

Assessing the behavioral, social and cultural determinants of health and their impact on the health status of populations.

  If you were to send your top managers to these countries

if you were to send your top managers to these countries what type of cultural shock should they expect? how would you

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd