Loonie on the way to parity with USD- 12 Oct. 2009

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Kalpna
Member since: Feb 06

Posts: 66
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Post ID: #PID

Posted on: 05-04-10 13:43:33

Quote:
Originally posted by pranavshah77

i trade through TD borderless plan though the benefit is only 1 cent then regular trade. means even though for selling and buying usd we can loose around 1.5 cent per one dollar trade.

i have 5000US$ which i bought in 1us=1.053 can. now i am loosing money if i trade in current rate due to selling rate-1.5 cent bank commission.

is there any better option than the bank where i dont loose in bank commission atleast.

regards,

Pranav

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Saloni

ftfl
Member since: Jul 06

Posts: 2335
Location:
Post ID: #PID

Posted on: 05-04-10 13:44:01

A few Brokerage firms do the exchange for a nominal charge. The differential (Spread) might still be a cent or close to it. They will take your USD and give you Canadian, it will cost you a cent or less. You will have to ask a friend who is in FOREX Trading. Or, start calling the brokers yourself. Also, you might experience a few days delay in the electronic transfer of funds, while doing it. See if it suits you.

Alternative is to trade FOREX yourself. Learn well before you jump into it.

Freddie.

pranavshah77
Member since: Feb 05

Posts: 92
Location:
Post ID: #PID

Posted on: 06-04-10 02:56:26

thanks freedie and saloni

regards,

pranav shah

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pranav shah

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