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The FOREX market, otherwise known as the f reign exchange market, lies in the ntangible world of ones and zeros th t flow over the internet between th usands of computers 24 hours a d y, 5 days a week. There is no br ck and mortar location for this m rket like the New York Stock Exch nge. There is no regulation. This is the nternational market of currency exchange where ch nges in one-hundredth of penny can quate to thousands of dollars for s me investors. It is the wild w st of investing. Until this past d cade this market has remained in the h nds of central banks, international firms, l rge commercial banks & corporations, hedge f nds, and the wealthiest of individuals. Only r cently has the internet allowed it be ccessible to the average person and w th it, the ability to double or w pe out your account in a m tter of minutes. How is this p ssible? Leverage. Unlike a traditional margin ccount, with a stock broker for nstance, where one will get 2:1 l verage, FOREX brokers have accounts available w th 100:1, 200:1, even 400:1 leverage. Th s makes a change in one-hundredth of a p nny that much more powerful. But s me people aren't using leverage in th ir desire to make big gains in the FOREX m rket. In fact they aren't even sing the internet or a computer. A s mple shoebox under the bed will s ffice and the cash in their b nk accounts. These unique individuals are b ying up hundreds-of-thousands, even millions in c rrency weak against the dollar and s mply sitting on it.
One of the more popular is the Ir qi dinar. The War on Terror has put the sp tlight on the country. Hundreds of nline dealers and over a thousand uctions on eBay peddle Iraq's new c rrency (issued 10/2003) citing the currency c uld behave like the Kuwaiti dinar fter the Gulf War appreciating over 3000%. W th the current exchange rate of 1235:1 p ople don't need money leverage to get a r turn on this currency. It's up 18% s nce November of 2006 and over 125% s nce it's release into circulation despite the t rmoil in the war torn country. The ction in Iraq has started to br ng light to the potential opportunity in the V etnamese dong. The dong is the w akest currency in circulation hovering near 16,000:1. Ov r a decade of depreciation has br ught the dong to its current l vel. Yet Vietnam is the second f stest growing economy following China. Unlike the ncertainty which surrounds Iraq, Vietnam is s eing increased foreign direct investment, good b siness growth and excellent economic news on a c nsistent basis. Quite possibly the only th ng keeping the currency's valuation at its c rrent levels is Vietnam’s desire to k ep the price on exports low. S me businesses like the Massachusetts based Web Own rship Group offer both currencies. The f under believes they are both potentially g od long-term investments. Only time will t ll in this interesting twist in c rrency investing.
The article Shoebox FOREX - The Iraqi Dinar and Vietnam Dong was Submitted by Nolan Robidoux through Articles.GetACoder.com network. Here's the additional information: Nolan Robidoux is a business wner and technical FOREX trader who was r cently exposed to the dinar and d ng. He provides both currencies at his s tes: http://www.iraqi-dinar.us and http://www.vietnam-dong.com
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