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Chicky replied Jul 8, 2009Yes. You would then buy Euro from me at 1.4100. But if you don't want to buy, you may also sell your option of buying euro from me at 1.4100 to someone else. An option is a contract (an offer by one party and its acceptance by another party for a ...
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Chicky replied Jul 8, 2009Let's make it simple. I offier you Euro @ 1.41000 on July 31, 2009 no matter what the rate would be on July 31, 2009. My fee is $10 for every lot you contract for this option. Do you want to buy? If yes, you are buying an option. If Euro price is ...
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Chicky replied Jul 8, 2009Yes, if price goes against you, otherwise you do not exercise your option and let it expire. Fee will be your cost of hedging yourself from a loss. For example, you have Euro 100,000 receivable from a European customer. This customer will pay you ...
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Chicky replied Jul 7, 2009Option is a right, a hedging instruement. Right to sell or right to buy a currency at a predetermined price agreed in advance. Put Option is the one when you have a right to sell a currency at a predetermined price no matter what the current price ...
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Chicky replied Jul 7, 2009Mountains give me feeling of strength, valleys that of peace, but scuba diving gives me fear of stepping on a two-foot crab. Hope to come safely out of these coral reefs. My thumb is up, but no one is pulling me up.
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Chicky replied Jul 7, 2009I wonder why Chinese would buy during Eurpean session and sell during NY.
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Chicky replied Jul 7, 2009Notch, go there to open just a bank and a fx account. Then back to Afghanistan, Liberia or Burkina Faso to spend what you earn from there. That reminds me- A few years ago when Afghanistan was passing through difficult times, someone asked me to ...
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Chicky replied Jul 7, 2009I will meet you there in three years (July 11, 2012 to be exact). Just tell me which city is best to move in for a small family of three - husband, wife and a child.
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Chicky replied Jul 7, 2009Is there any broker who accepts an initial deposit of US$50 million and above? I will appreciate if someone refers me one such broker, I want to see how it feels to trade with that amount. I plan to trade demo for first few decades before opening a ...
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Chicky replied Jul 7, 2009I mentioned this a couple of times in my earlier posts. Once in a reply to Jay asking the same question. Pakistan is a very interesting country but one has to come and see for him/herself. Sometimes I get disappointed when I see how media projects ...
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Chicky replied Jul 7, 2009I am from a small country where we have very good vodka 'Cossac". This country is called IRP. Alcohol is banned in this country but we have three breweries operating in three shifts producing more than their rated capacities and about 300 off ...
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Chicky replied Jul 7, 2009Notch will be sending me at the corner of 42nd and Lexington for you to take me to Wheel Tappers. I will be wearing green shirt and black pants. Your time and day. Is this OK Notch?
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Chicky replied Jul 7, 2009This is frankfurt, go against and double it up on london open. However, market not behaving this way for last few days but maybe this time.
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Chicky replied Jul 7, 2009Wait until UK introduces new rules for retail traders, you would be learning greek. Katalave Parakalo!
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