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Re: Trading Currencies - Forex in Chile?
by zer0nz » Wed Feb 24, 2010 1:50 pm
No longer relevant
Last edited by zer0nz on Tue Feb 21, 2012 1:35 pm, edited 1 time in total.
Plan N....... Back On track
- zer0nz
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Re: Trading Currencies - Forex in Chile?
by RuneTheChookcha » Wed Feb 24, 2010 3:11 pm
admin wrote:In spite of the FOREX anxiety of EE
Sometimes, eeuu would kindly try to provide just some basic education for people (for free, BTW
), and not "anxiety" (I maybe wrong, though?)..
"Every horse has its stable,
every beast its pen,
every bird its nest.
And God knows best."
~ Rumi (Mewlānā Jalāl ad-Dīn Muḥammad Balkhī)
every beast its pen,
every bird its nest.
And God knows best."
~ Rumi (Mewlānā Jalāl ad-Dīn Muḥammad Balkhī)
-
RuneTheChookcha - Rank: Chile Forum Citizen
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Re: Trading Currencies - Forex in Chile?
by Chuck J 3.0 » Wed Feb 24, 2010 8:52 pm
eeuunikkeiexpat wrote:OK, I cannot say what is going through Chuck's head but I can surmise certain things:
An international Libertarian would lean towards the five flags (three, if a US citizen) theory on conducting ones multinational life and finances. If you do not know what THAT is about. STRIKE ONE.
Panama? Are you <insert a politically corrected word here> serious? Panama uses the USD. The USA GOV in both public and private realms has said any country that uses the USD is effectively compelled to lay open any info the USG wants or will be shutout completely. Panama protection and secrecy is the one of the greatest scams directed at USA citizens ever created IMO. STRIKE TWO.
Show me a better deal than an efficient USA account that charges only a 1% exchange fee and that reimburses foreign ATM per use fees or has a low $25-$40 international wire fee that exceeds than what you get from a notorious inefficient and fee-ridden CHILEAN FINANCIAL INSTITUTION going the other direction? STRIKE THREE DUDE.
Sux, about Panama, I didn't know that. Same principle applies for me though, whomever that 3rd country would be. I just don't like the govt. of the country I live in having access to my accts. Personal preference, YMMV.
As far as FOREX I'd be careful. If anyone plans to have a significant amount of theirr wealth tied up in the digital matrix, they may have a hard time recovering it and turning into tangibles in the future, regardless of the brokers physical location.
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Chuck J 3.0 - Rank: Chile Forum Citizen
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Re: Trading Currencies - Forex in Chile?
by jehturner » Wed Feb 24, 2010 10:22 pm
admin wrote:Certain banks will do Euros directly, but not all of them. It depends on who their intermediate banks are.
Yes, that makes sense. I think my bank's intermediary (for Sterling) was BoA in London.
admin wrote:Yea, unfortunately we would need to be licensed by the central bank.
Of course if someone happens to send someone else an offer to swap currencies by PM, you aren't really mediating and if there were a thread announcing peoples' intentions to buy or sell ... well, it depends what you are comfortable with. The main problem is that only a handful of people know each other personally.
James.
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