Forex Trading Tips

vintagevhs1028 asked:


So I read a chart on what is called the Big Mac Index: it shows the converted price of a Big Mac is 58% less than what it should be in China because of the Chinese governments setting of currency exchange rates fixed to the dollar and not based on the market.

The article implies that this has badly hurt the U.S. economy because the exchange rate has led to greater trade deficits because of the exchange rate and it also says that this has resulted in lower wages in American.

What do you think of this?

Al asked:


I’m hearing no countries want to trade in dollars, including china and other countries are demanding other currencies outside of the euro also….. Do you think the implications of this will be the collapse of our country and economy ?

enricog24 asked:


what exactly is a position? a lot?

what is the advantage in investing now that the economy is in shambles and the dollar has depreciated?

I don’t know a lick of this stuff so please be specific, thank you!