Tuesday, September 30, 2008

Currency Exchange Forward Transaction Trick | ForexGen

ForexGen risk management office has the right to estimate the risk scope and calculate the remaining funds to be paid out to the Customer after suspension. ForexGen has the sole right to cover its losses caused by the over mentioned activities prior to the suspension.

Currency Exchange Forward Transaction Trick: A trick with currency exchange, and it is one that the high street banks will not mention unless you represent a big corporate client, is to buy the Euros “forward”.

With a forward transaction you can fix an exchange rate now for settlement in a few months’ time. Better still, the only payment that needs to be made up front is a percentage deposit so you don’t need to raid the piggy bank, yet.


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