Buy and Sell of US Dollar to Philippine Peso

[amy.see]

I'm in the Philippines and I would like to start buying dollars when it's at its lowest then sell them when their at a higher rate. Is that a good thing? Nothing illegal about it? I haven't tried FOREX but I'm interested to start this thing and eventually I would like to make it as a 2nd income. What do you think about it?

 

[eighteen]

F**K ME you seem to have got the grasp of this trading malarkey, buy low and sell high, genius

 

[amy.see]

I don't think you understood my question or maybe I wasn't too clear. I will buy dollars when it's at a low rate, then exchange it when the US dollar soar up. I'll trade my peso to dollar then trade it back when it inflates.

 

[eighteen]

How will you know when its low? and when its high?

 

[BeginnerJoe]

How will you know when its low? and when its high?

Amy can See, silly.

 

[Benj1981]

Amy can See, silly.

It's not hard to do if you stay on top of the business newspapers. I did the same with the pound and the dollar a while ago; i just kept buying the FT for about a month every day, and made a nice little profit - so it worked for me.

 

[NVP]

all looking good to me .....you are a born trader

in fact one born every minute I am told....

N

 

[Benj1981]

all looking good to me .....you are a born trader

in fact one born every minute I am told....

N

I'm not sure if you're being sarcastic or what NVP, but that money i made was real, and very spendable! Maybe you could give an instance when you made some profits, if you have in fact made ANY!?

 

[hgh]

ok...everyone makes mistakes...even the best trader. it's ok. Amy want to be the top ones..

 

[Benj1981]

ok...everyone makes mistakes...even the best trader. it's ok. Amy want to be the top ones..

Good luck to Amy i say. She might have it, i might have it, you might have it....

 

[Mukha]

Genius ka jan

F**K ME you seem to have got the grasp of this trading malarkey, buy low and sell high, genius

It doesn't take a genius to figure that one out

 

[prabhanshuraman]

I'm in the Philippines and I would like to start buying dollars when it's at its lowest then sell them when their at a higher rate. Is that a good thing? Nothing illegal about it? I haven't tried FOREX but I'm interested to start this thing and eventually I would like to make it as a 2nd income. What do you think about it?

Amy, to be honest with you, there is no one in this entire world who can say/predict the low/highs of any tradeable instrument.
It is not advisable to think or do such trade.
If you want to generate second income, be here, in this forum, you will get better trades with good probability of wins then loss.
Spend some time in this forum, read and explore...

My guru (Teacher) says, never try to be rich overnight. Earn slowly and steadily.

Best of luc!!

 

[fxstrategist]

Good reporting, excellent.

 

[Harry P]

Did you have any luck?

I don't think you understood my question or maybe I wasn't too clear. I will buy dollars when it's at a low rate, then exchange it when the US dollar soar up. I'll trade my peso to dollar then trade it back when it inflates.

I want to buy the Philippine peso now. I have no idea how to do it. If you figured it out let me know please