Is anyone familiar with Multi Currency Accounts? A bank account that HOLDS more than one denomination in the same account? Can these be used to make any level of profit? Thank you.
213001
If you are interested in investing in currencies, I work for a Wall St. based firm that specializes in the forex market. To answer your question, the chance of you making a significant return (Over 8%) is not likeley in the bank. It is with a multi-currency forex fund however. Please email me for more details.
143127
won't your bank loan you the money ?\n\n(sorry about the inane responses you've got at the beginning)
15444
no, they are not actual items that can be either divided or sold for profit.  As is stated they have no value other then time off in the future!!  Only actual material items and monetary items (savings account, checking account, stocks, bonds, CD's, ect.) can be divided.  Generally those have to be sold and the profit split.
301581
Hello: I already sent you the money, I paid you this money from my paypal address, I didn't buy that coin it was my partner and I made the payment, he was the one that bounced (booted, kicked out, threw out, rejected) you, not me.  I pay for the purchases since he does not have a paypal account.  Cheers.\n\nNote: moneda can refer to both currency and an actual coin.  I'm guessing that this was regarding the sale of a coin, and that's why I've translated moneda as coin in one place and money in another.  Am I right in my assumption?
100954
no! using both banks is always slower than having only one bank in use. this is due to the bank enabling the processor has to do for every access.
328408
There are several reasons.  One reason - local interest rates.  If you can earn 10% on US dollars at a US bank, but only 5% in Germany, it may make sense to convert DM to USD and earn the higher rate, then convert back.  There are transaction costs to think of.  Large banks also consider political stability, and economic oppportunities.
429197
In order to withdraw cash out of the atm machine.. basically bank may provide you with an ATM card of Debit card.... ATM card can only be used at the specified ATM.s of the bank and definetly cannot withdraw any foreign currency... but with a debit card u can do so!!!!!!!!!
428671
Two accounts of what? Please be more specific.
220097
The power of money is not, what one is able to buy from it at one point of time, but how many times the same note of currency can buy different products over a period of time.\n\nFor example, when one buys something for $10, it is the expenditure of the buyer. However, for the seller this is his revenue. He may buy another product, say from his supplier, and pay him $10. And so the cycle goes on and on. The important thing here to note is that one currency bill of $10 is able to purchase goods more than $10. \n\nIn economics, this is called the 'multiplier effect'. For example, if a $10 piece of currency is rotated 5 times in a year (i.e. multiple of 5), it can buy a total of $50 worth of goods annually. The more the multiple (i.e. more times the same currency is rotated) more products and services will be bought and sold. As a result the United States economy will grow. Ditto for the world economy.\n\nPlease note that this explanation is very naive and simple.  There may be many factors for the world economy to grow. One will have to study advanced economics to know the exact effects on the world economy as a result of expansion (or shrinkage) of government budgets (also called fiscal policy), rise and fall in interest rates by the FED (called monetary policy) etc.\n\nHope one finds this information useful.
348157
You can always transfer money from bank to bank almost anywhere in the world. (Usually at great expence and effort.) I hate to be the one to tell you but having an account in one country will be of NO HELP whatsoever. Because of individual nation's separate laws and the desire to keep them separate to control international monetary transfers there is absolutely no direct access allowed between HSBC (or any Bank's) accounts in one country to another. \n\n(I once enquired about paying my Canadian ScotiaBank VISA card in the ScotiaBank branch here in Mexico, not a chance!)
551669
Why would you trade the aus forex market. The top six currencies pairs don't have anything to do with them and you risk a slow death. If you really want to learn about forex. www.forex.com. www.fxsol.com www.interbankfx.com. But if you actually want to make money. I have turned 3000 into 4000 in 38 days trading in the forex market following the program that they have. www.freedominforex.com or www.freedomrocks.com/12565 I am so confident in this system that if you sign up I will send you some fantastic offers to ease your mind.
250284
Keep Banks as your priority as thay have to handle alot of cash, So litrally all the bank branches need a currency counting machine\n\nAccoutning Firms: - These firms deal in managing accounts of the company, and hence can require such machines.\n\nBig Companies: - Where the profit is very high\n\nUniversities, colleges, schools: - As alot of students enroll and huge amount of cash is recieved\n\n5 star and 4 star hotels: - They are in high demand during seasons and need something like this to manage their money
560546
The only Nigerian small business that I know about might not even be Nigerian.  It's something about a bank closing or funds moving and this guy wants me to move the money to the US where it will supposedly be safer and I will get a cut of the money if I just open up my bank account so they can deposit all the the millions and millions of dollars.  It sounded like embezzling though, so I lost interest...
441823
Yes, you can have multiple accounts at multiple banks.
255643
Yes, I have been using Ing Direct for years. It is totally safe and secure by FDIC. You can link more than one savings accounts from other banks but only drawback is you do not get an ATM/Debit Card for quick access. But transfers can be done in a day. So far havent had any problems. Hope this helps.
553031
Holding different currenies in your account is not a forex trading. Actually I cannot imagine how you could gain with it. \nAnother thing is forex trading. you may buy and sell one pair several times per day and could gain and income could be amazing.\n\nFor example today at 9:00 AM CET (7:00 AM GMT) EURUSD pair jumped 120 pips within a hour and then in next 2 hours moved up 23 pips else.\n\nJust count. If you bought 10 lots at 1.2965 and sold at 1.3085. For 10 lots 1 pip is equal to $100) then you earned $100x120=$12000 in a hour.  Margin requiremets about $6500 if leverage 1:200 or about $13000 if leverage 1:100. What if you would take all 143 pips?\n\nI pay to my investors at least 5% monthly (usually much more) for 12 month.
238253
No.  It actually shows that you be a bit more wise as to how you spend money because you have different accounts for sifferent purposes.  You could have 1 for everyday expenses, while another is actually your money market which you use for emergencies, and home improvements.