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Forex exchange rate measured in pips on live account.
I'm having trouble with buying currency pairs. For an unknown reason, the exchange rate between two given currencies is measured in pips instead of units, and, while this shouldn't be cause for concern, it's not allowing me to purchase anything more than 0.01 units with $3,000 capital after leverage. However I would have thought that i could buy 3 000 units, as I could with a demo account, where the exchange rate is measured in units. Maybe if I could fix the magnitude of the exchange then I could more easily solve the problem. Exchange rate between GBP and USD displayed in pips as opposed to units.
The difference between Forex rates and crypto exchange rates in trading
Turns out its more than just limit/market orders on exchanges that determine Forex rates. Still wrapping my head around all of it, but this article finally made it click for me https://medium.com/onomy-protocol/how-are-foreign-exchange-rates-determined-9ec57e8935f0 Crypto trading makes so much more sense tbh than having to stick to politics to get your orders in. luckily trading stablecoins in crypto can be so much easier so very excited to see how this market grows.
Where is the best Foreign Exchange/Forex place in LA with best rates for changing cash (FX)?
In my experience Foreign Exchange shops can vary hugely in the rates they give. For some their business model is ripping tourists off with terrible rates. Often there is a place that locals go which might be away from tourist areas but is known for good rates. Is there one like this in LA?
Looks like rate hikes from BSP already starting to hit the digital bank savings rate.
I just noticed that most digital banks just increased their interest rates on savings. Details below: Komo 6% (100k adb) Diskartech 6.5% (no details yet) Maya 6% (adjusted) CIMB 12% (with conditions) The monetary fund from BSP action(interest rate hike) to combat inflation is here; what is next is the credit card interest rate cap to be adjusted at the end of the year. Any noticeable changes sa autoloan and housing markets? Recession in 2023?
BSP just hiked key interest rates by 50basis points (4. 25% rate) to stave inflation and defend the Peso against strong USD...
Hiking interest rates means higher interest in loans so it will discourage the flow of money in circulation and also have the effect of making the Peso more appealing to investors..
How/where to pay tax on profit from forex exchange?
Earlier this tax year I had an inheritance come through. I had this money sat in my Shinsei account in CAD as I had a feeling the yen might weaken. I then waited and converted the money a while later once the CAD had gained against the yen, thus I made a profit, the profit is over the 200,000 yen limit. I have a salaried job but no side business, this was a one off windfall. How do I go about declaring this and paying the (20%??) capital gains tax?
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![[FOREX] Here's the foreign exchange rate for the Philippine peso as of July 13, 2022.](https://preview.redd.it/pc1o8pcs2bb91.jpg?width=640&crop=smart&auto=webp&s=c92f9401366f606e5b51dba63f64e7d72dd896d7 "[FOREX] Here's the foreign exchange rate for the Philippine peso as of July 13, 2022.")
