Thread: Go crazy in here!!!

Originally Posted by lndmn_01

Has anyone tried going here US Dollar Index - Real-Time Currency Trading Charts from FXTRek for Forex Trading ?
When you change the symbol to EUR/IQD you get a normal chart, but try USD/IQD and let me know what you get.

I put in usd/iqd

Not real handy at this, BUT- I got 1.0

Could use a little backup from someone that knows better than I.

Hi I've been reading what you guys post for the last few weeks without commenting. But I'm lost right now, after the big let down yesterday and this morning I don't understand why everyone is so happy. (Not saying that you can't or shoudln't be) Does anyone care to give me a Recap?

Originally Posted by member99

I've given up on the true believers, these people waited alost two years on PIPS to pay out, so they're already shown me what they don't know about money, but maybe, just maybe, I can get someone to look a little deeper and not throw away their money. Stupidity costs us all.

Listen you are not going to convince those of us who believe in the dinar to think otherwise...and we are not going to convince you that your beliefs are wrong. Referring to people's actions as stupid is just childish....why don't you just take your ball and go home we don't want to play with you anymore. Besides, we have got to get the reval party cranked up....because it's coming in....

Originally Posted by One Oar

I put in usd/iqd

Not real handy at this, BUT- I got 1.0

Could use a little backup from someone that knows better than I.

1,000.00 Iraqi Dinars = 0.70 United States Dollars
1 IQD = 0.0007 USD 1 USD = 1428.5714 IQD

Iswtnot.... this is good... right? lol :) 1 Usd = 1428.5714 Iqd
What do think?

Originally Posted by member99

I've given up on the true believers, these people waited alost two years on PIPS to pay out, so they're already shown me what they don't know about money, but maybe, just maybe, I can get someone to look a little deeper and not throw away their money. Stupidity costs us all.

Well if that is the case you should be talking to people BEFORE they purchase dinar, not afterwards.
Everyone has gotten to this point in their lives without your assistance and I'm sure they can get by just fine without it for the balance.
As people aren't taking cash out of your bank account to buy their dinar, their
spending isn't costing you a cent.

Originally Posted by lndmn_01

So tell us why this can't happen. What research have you done on the subject? Do you know someone inside the Iraqi government?

I have a PhD in Economics thank you very much, and no I don't have any resources in the Iraqi Governement but in my mispent youth I worked at the Cincinnati Branch of the Federal Reserve Bank of Cleveland, so I do have a little background in currency exchange.
It can't happen because there is no present prospect for the economic output to justify it's present level, much less a revaluation. People look at OIL and think everyone in the middle east is rich, but it ain't so. On the grand scale of things, these are not rich countries and even though their outputs per capita are high, in general their governments waste a huge percentage of it on corrupt or just badly run economies.
Yes, US and UK investors put moneyu overseas, not the same thing, though. These are both huge economies, and very stable, which makes takes a lot of risk out of inveting here, but also takes the risk premium out, ie: how risky is it to buy PG? (not very, they've paid a dividend every quarter for nearly 100 years, and increeased it every quarter for about 10). Almost all foreign investments by people in the US and Europe are small parts of the overall portfolio and in reality operate pretty much as hedge positions against short term dips in domestic markets.
People also try to compare this to the Kuwaiti Dinar, also a bad comparison. Kuwait's currency was suspended and in market terms almost worthless WHEN THAT COUNTRY WAS OCCUPIED BY A HOSTILE FORIEGN POWER, but both before and after that conflict, Kuwait had an operating and moree or less stable basis. Oil is less than 1/2 of the export of Kuwait before the war, is less than 45% now, but oil is Iraq's only export of note and their capacity, while underutilized, isn't going anywhere until the government finds a way to keep the insurgents from blowing up pipelines and well heads.
Face it, the reason the Dinar is not floated, or allowed to freely trade, is because it would collapse in the market, not because they don't want it to go up.

Well on the USD/IQD chart I'm getting the date 03-04.
Cheers!
DayDream

For most people its just a fun Gamble anyway. Its like trying to talk people out of going to Vegas to have a good time. Not gonna happen. ITS FUN, its like a slot machine that keeps spinning, waiting for it to land on those Bars!! Woo Hoo!!!!

I'm getting the date 03-04 on the EUR/IQD also.

Cheers!
DayDream