Is it legal to make a profit off trading currencies?
493351
It's definitely legal. It's called the ForEx market and there are scams on TV trying to sell programs that supposedly tell you when to buy and sell various currencies. Anyway, it's probably the riskiest market possible for trading. Also, you lose lots of the money in comissions, etc, so you're probably better off just buying a bond.
757087
It's a crime to earn money legally, isn't it?
229378
MSN.COM has information.  I did a graph of the Euro as an example.  However, most people who play with Forex lose money.  Watch out for the scammers. (See Link 3)
532604
If you are not an Officer, Director, or Holder of more than 10% of any of the companies stocks, and you did not recieve this information from an Officer, Director, or Holder of more than 10% of stock in one of the companies... then no what you are doing is perfectly legal.  It is only insider trading if you come into non publicly available information if it is something obtained as part of the preformance of your duties (ie. its your job to know about the sale)
495233
...Absolutely!!! One must purchase the software and go through a learn mode with play money while the individual has invested at least $500.00 USD into the Foreign Exchange Market. After the folks that supervise your transactions they will allow you to apply your deposit to real world currency exchanges. Trade with the most stable currencies:\nUs dollar, Jap yen, Euro, and the UK pound.  Good luck!\n...In addition the transactions are tax free since conducted outside the U.S. Debit xfers are made to a Carribean account. Strictly above board that only existed to millionaires!\n...A Trillion dollars a day is currently being exchanged!
290004
Trading in the currency of other countries.
349571
Triangular arbitrage today is often done by computer programs by the big players, so I really don't think there's going to be much opportunity in it.  Plus, you have to think there's going to be a transaction cost each time, which will really eat up your profits unless you're doing serious $ trading.  If you are set on doing currency trading, you can try http://www.forex.com
550818
No that would illegal. That's why it's for sell...\n\nFlagged.
976272
Trading currency means borrowing in currency X and converting it into currency Y in the hope that currency Y will appreciate against currency X.  When you are ready to close your trade, you convert back from currency Y to currency X.  If Y has appreciated against X, you make a profit.  \n\nNowadays currency trading has been made very easy.  You just have to decide whether you want to buy or sell a particular pair of currency.  For example, if you buy EUR/USD at 1.30, you gain if the rate goes up and lose if it goes down.
947458
I heard you can from random sources. You just have to know the cost of everything and the exchange rates before you do something.
637088
I am sure its legal since you altered it and are not using it as legal tender or even trying to convince anyone it is.\n\nI get coupons occasionally that look like a hundred dollar bill on one side and on the back side is a coupon for something.  I've seen money that looks real except for the face in the center is Alfred E Newman or some other odd character.\nSo obviously its okay to make a "spoof" or parody of currency, its just not okay to try and pass it off as real.
134503
no, only if you sell it it is illegal, otherwise your fine.
470026
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.
45569
There are several platforms out there where you can do automated trading. This is very very difficult to do though. It is hard enough to make money trading while you are siting there watching. Anyway. I am pretty sure TradeStation will allow you to do this. It may take a little time to learn the programming language though.
608914
The answer is yes you can, but the how is country dependent.  The US markets are open to anyone, but other countries often control the rules of access for their citizens.  The simplest answer is to locate a major stockbroker in your country.  They will be able to help you more than anyone on this board.\n\nThere are three issues to be managed when someone outside the US buys and sells in US markets.\n\nThe collection and payment of US taxes.\n\nThe collection and payment of domestic taxes.\n\nMeeting the requirements of domestic securities and exchange laws.\n\nMeeting any currency restrictions.\n\nThe answer will be country specific.
367858
well l think it is not possible. Coz thai currency is not a converterble currency so it cannt freely trade. But u can ask from Thailand local companies maybe they allow inside the country to do this.
1132012
You can also list at http://www.ebay.co.uk\n\nIts a UK site but your account is also valid at that site. You can sell items on that site as well, but you will get mostly UK buyers. If youre from UK, you should sell on that site. If most of your customers are from UK, then you should sell on that site.\n\nIf they are paying by paypal. then it will automatically convert the dollars to pounds for you, and vice versa.