Currency Exchange

[cchambers]

Anyone know anything about currency exchange? Any money to be made in this? If anyone knows anything at all please let me know. Thanks!

[gabe]

you will lose money don't do it, lots of t/a and you can get burned real fast

but if you really want to check it out read through www.forex.com, but don't sign up unless you want to be hounded until you deposit funds

[MianoSM]

I looked into it about 3 or 4 yeas ago when European banks were offering much nicer CDs (in the range of 8-10% one year CDs with a min. deposit of 1k).

There are fees attached to changing currency each time though - so you have to really look into how much your going to get charged to go from USD > Any other currency > USD. When I was looking into it, it was nearly 10% each way, which suddenly made it not look so great of an idea. :dunno: