Forex Trading: The Wealth DNA radio show is dedicated to helping you increase your wealth, as well as educating and informing savers & investors. When you traveled to other countries you noticed that not all countries use the same currency. If you visited a particular country 5 years ago, and now plan to go back, you'll notice the exchange rate is not the same as it was 5 years ago. Who decides those rates? Is there an opportunity to buy the currency in advance and thus hedge the price of that currency?
As a casual tourist you may not be sensitive to a 5 or 10% change in the currency value. But what if your company is buying goods produced in those other countries? Then a 5% increase on a $1 million purchase makes a big difference. You certainly would find a way to hedge that currency. Is there an investment opportunity buying and selling various currencies? Are the currency markets liquid enough to be able to exit quickly? What financial instruments could you use? Can you do these transactions through your stock broker?
We will have Stanley Urban as our special guest to discuss Forex Trading. Stan Urban didn't get involved in Forex trading as a hobby or an investment – he had no choice. He's been a financial executive in the countries we now know as New Europe for 8 years before the Euro was even introduced! The vast majority of purchases made by the companies he has worked were in foreign currencies. How did he hedge those transactions? Could you use those transactions as an investment opportunity? What's his perspective on the future of the Euro?
For the answers to these and many more questions get a cup of coffee, or glass of wine and join in the conversation …