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catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
12/03/2009 19:36

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Message 1 of 50 in Discussion

2.35 and droping imf talks back, on 2.2 on the way, yet another pay day.



kellybelly


Joined: 08/03/2009
Posts: 263

Message Posted:
12/03/2009 19:52

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Message 2 of 50 in Discussion

If you are saying you want the rate to go down to 2.2 before going back to Sterling,good luck and hope if you do go back into Sterling the rate you went into TL was good.

Try to be patient when going back into TL,which i must admit patience is not one of my strong points.

Regards Pete



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
12/03/2009 20:08

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Message 3 of 50 in Discussion

i dont wait for the long game,i bought at 2.6 sold at 2.2, then bought back at 2.52, sell again soon dont be greedy small profits often lol



kellybelly


Joined: 08/03/2009
Posts: 263

Message Posted:
12/03/2009 20:18

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Message 4 of 50 in Discussion

So you bought @2.52,get your arse out now mate,for sure.



pete



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 07:28

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Message 5 of 50 in Discussion

2.34 and droping



Geoff1131


Joined: 12/07/2007
Posts: 276

Message Posted:
13/03/2009 11:19

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Message 6 of 50 in Discussion

3.9 and rising.



Geoff1131


Joined: 12/07/2007
Posts: 276

Message Posted:
13/03/2009 11:22

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Message 7 of 50 in Discussion

sorry! 2.39 and rising



kellybelly


Joined: 08/03/2009
Posts: 263

Message Posted:
13/03/2009 11:47

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Message 8 of 50 in Discussion

Kid.

Of course nobody has a crystal ball,but you said you don't wait for the long game.Well you'll have to wait a little longer LOL.



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 12:48

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Message 9 of 50 in Discussion

i got out at 2.34 this morning



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 12:55

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Message 10 of 50 in Discussion

How do you lot change your money?

assuming its more than just a couple of quid?

I find the rates on HSBC online crap.





Repro



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 13:00

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Message 11 of 50 in Discussion

hsbc or forex account, hsbc are 1 point behindthere profit for doing it, make sure you are checking in banking hours, outside banking hours the differential is massive.



kellybelly


Joined: 08/03/2009
Posts: 263

Message Posted:
13/03/2009 13:00

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Message 12 of 50 in Discussion

REPO,



I previously offered my financial services which you declined,missed the boat mate.LOL



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 13:04

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Message 13 of 50 in Discussion

kelly you earning, or just sitting on the fence, waiting for big swings i just keep taking small bites of the cherry



kellybelly


Joined: 08/03/2009
Posts: 263

Message Posted:
13/03/2009 13:04

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Message 14 of 50 in Discussion

KID,

Don'T panic,by going back into TL too soon.Enjoy your profit.



kellybelly


Joined: 08/03/2009
Posts: 263

Message Posted:
13/03/2009 13:10

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Message 15 of 50 in Discussion

KID,

There isnt a fence anywhere that's had my arse on it.



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 13:12

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Message 16 of 50 in Discussion

i can still see it being 2.2 just after the 19th



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 13:19

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Message 17 of 50 in Discussion

now i am properly set up with HSBC online, i will start taking little bites fromt he cherry also.







Sorry kelly, i did appricate your offering, but im shy when it comes to speaking on the phone!





Repro....



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 13:21

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Message 18 of 50 in Discussion

word of advice repro, buy high and sell low lol



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 13:25

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Message 19 of 50 in Discussion

http://www.advfn.com/p.php?pid=forexquote&btn=filterQuote&elists=1|3|7&curcode1=GBP&curcode2=TRY&filterQuote=GET+QUOTE&symbol=FX^GBPTRY







this might help repro



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 13:30

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Message 20 of 50 in Discussion

ha ha, thanks Kid



i sort of get the gist of it



my first experience was back around oct 2008, i got loads of Lira at 2.63

and sold later in november for 2.33 and made around 4.5k in just over 4 weeks. Sure beats the crap interest rate i was earning back in the UK



but im still learning and am angry that i missed out the 2.53 rate early this month! But i didnt have the funds ready to play at that time.



so now im just waiting....im looking at staying between...2.50 and 2.30 and not being greedy!





Repro



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 13:33

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Message 21 of 50 in Discussion

Thanks for that link....much better than the Yahoo link i use! lol





does anyone know if HSBC charge me a fee each time i make a change in currency?





Repro...



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 13:40

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Message 22 of 50 in Discussion

small charge not worth worrying about, no matter who you deal through they all want a piece of the action lol



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 13:44

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Message 23 of 50 in Discussion

Ok, sorry for bombarding you with questions.



But i think you mentioned this earlier, the Bid and Ask rates are 'closer' together when i check during office hours?

is this correct? and always the case?



(coz when i used to check in the evening the bid and ask rates varied considerably)



Repro.



deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
13/03/2009 13:53

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Message 24 of 50 in Discussion

because out of hours its not manned, so the diffs are big, you need to do it through trnc banking hours norm up to 5.45 then theres norm 1 point between bid and ask rates



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 13:57

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Message 25 of 50 in Discussion

Brilliant...it all makes perfect sense now.



So here i am....in my boring office job in London, logged on to Cyprus44 and HSBC online....playing forex.



I am OFFICALLY ADDICTED !!!! LOOL







Repro......



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 13:58

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Message 26 of 50 in Discussion

happy hunting



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 14:00

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Message 27 of 50 in Discussion

that link i gave you forex is 24 hours a day



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 14:22

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Message 28 of 50 in Discussion

this is amazing



i could potentially make 300 - 400 within hours, and thats just with small changes, from say....2.39 down to 2.34



Repro...



Geoff1131


Joined: 12/07/2007
Posts: 276

Message Posted:
13/03/2009 14:33

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Message 29 of 50 in Discussion

Yes repro, potentially you could make 300 in a few hours, you could also lose 300 or more. It would be interesting to know when all you experts get in and out of the Lira, as its easy to tell us all that you were in at 2.5 and out out 2.2 when you have checked the rates. Tell us when you are going in at what rate and when you are getting out at what rate and we can all see how clever you are.



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 14:37

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Message 30 of 50 in Discussion

I cant see how you can 'lose' anything?



unless the currency crashes or stays at lower rate that you got in at for a real lenght of time.



in which case you stick it all in interest account and wait.





Repro



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 14:52

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Message 31 of 50 in Discussion

I cant see how you can 'lose' anything?



unless the currency crashes or stays at lower rate that you got in at for a real lenght of time.



in which case you stick it all in interest account and wait.





Repro



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 17:17

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Message 32 of 50 in Discussion

my sentiments exactly



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 18:48

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Message 33 of 50 in Discussion

ok, im bored....so im gonna change up 15k as soon as it hits 2.40



then see what happens by monday...





Repro



rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
13/03/2009 18:52

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Message 34 of 50 in Discussion

you,ll be skint



karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
13/03/2009 20:42

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Message 35 of 50 in Discussion

Reproman-- how you going to feel when it hits 3 and you changed at 2.40



You will have lost 3,000 !!!



jesusjon



Joined: 03/08/2008
Posts: 93

Message Posted:
13/03/2009 21:36

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Message 36 of 50 in Discussion

Hi just reading what your all doing with the currency markets am totaly green about this have funds sitting in isa accounts obviuously earning zero at the moment have bank account in trnc,have looked on the forex site whats the best way to go about joining the fun looking for advice can any one help cheers. j.j.



rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
13/03/2009 21:46

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Message 37 of 50 in Discussion

buy a place in north cyprus , j.j . keep reading this board and replying you,ll have some great fun , and its in the sun , what more could you want ???



Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
14/03/2009 00:42

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Message 38 of 50 in Discussion

Earlier i was at work and posted that i would change once the rate hit 2.40

This didnt happen, and i didnt change, i have now left it until monday



looking at the rate now...still at 2,39...i think i was lucky...lets see...



JJ, i am still very much a novice, but how i got started:

1 - open a HSBC account in TRNC in both LIRA and GBP and get your ONLINE USER NAMER and PASSWORD



2 - open a HSBC account in the UK, and put all your money in there



3 - Transfer the money from your UK HSBC account to your TRNC HSBC account. i believe this to be the cheapest method.



4 - Log online to your TRNC HSBC account and start playing currency exchange!



If i missed anything, others will probably add.



WARNING - YOU CAN SERIOUSLY DAMAGE YOUR WEALTH PLAYING THIS 'GAME'



lol



Repro.



scooby



Joined: 02/01/2009
Posts: 84

Message Posted:
14/03/2009 12:51

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Message 39 of 50 in Discussion

I have also been playing this game and can also see it how it becomes very addictive!.I've just bought at 2.4282 and am waiting for the 2.25 mark.

Any future predictions would be useful.

What's the most you've played this game with?, Mine was 20k, probly small fry compared to you lot. The wife wasnt best pleased. Lol!



karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
14/03/2009 14:14

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Message 40 of 50 in Discussion

I spent 10 years of my life involved in buying and selling currencies fixing exchange rates, although i was joking in a previous post about exchange rates moving dramatically in one direction it can and does happen and you can get seriously burnt.



The company i worked for got badly burned over a six month period and lost around 12,000,000 after that they put out of house all work to a third party.



All it takes is one unforseen event in the money markets and they do happen every so many years, the Turkish currency is overdue such an event !



Macha


Joined: 18/01/2009
Posts: 650

Message Posted:
14/03/2009 14:17

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Message 41 of 50 in Discussion

You clearly know all about taking a big gamble.



jesusjon



Joined: 03/08/2008
Posts: 93

Message Posted:
14/03/2009 18:49

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Message 42 of 50 in Discussion

Hi Rowlo re msg 37,

Have bought a place in the sun just a few doors down from Wynyardman just waiting for ptp, electric,etc etcl,but need to pay off mortgage here in uk then can retire lol. want to make my savings work harder if you know what i mean.



jesusjon



Joined: 03/08/2008
Posts: 93

Message Posted:
14/03/2009 18:50

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Message 43 of 50 in Discussion

Hi Rowlo re msg 37,

Have bought a place in the sun just a few doors down from Wynyardman just waiting for ptp, electric,etc etcl,but need to pay off mortgage here in uk then can retire lol. want to make my savings work harder if you know what i mean.



jesusjon



Joined: 03/08/2008
Posts: 93

Message Posted:
14/03/2009 18:55

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Message 44 of 50 in Discussion

Sorry every one last post got sent twice in error lol.

Hi repro, Have account with Iktisat bank so will have to open one with hsbc unless wire money into Iktisat bank and use them,have sterling and tl account.thanks for the info cheers j.j.



sebaveron4


Joined: 02/04/2007
Posts: 48

Message Posted:
15/03/2009 15:16

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Message 45 of 50 in Discussion

Hi guys



Anyone have a good recommendation for a Forex account that deals with Lira to get involved with the exchange rate variation? Most I have found do not list it. And if we can make it a company that will still be going in 6 months time it will be great!



Cheers



Chris



deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
15/03/2009 15:28

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Message 46 of 50 in Discussion

http://www.advfn.com/p.php?pid=forexquote&cb=1228110168&curcode1=GBP&curcode2=TRY&symbol=FX%3AGBPTRY



deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
15/03/2009 17:25

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Message 47 of 50 in Discussion

http://www.advfn.com/p.php?pid=forexquote&cb=1228110168&curcode1=GBP&curcode2=TRY&symbol=FX%3AGBPTRY



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
16/03/2009 18:51

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Message 48 of 50 in Discussion

REPROMAN did you buy in 2.38 at the mo



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
16/03/2009 23:12

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Message 49 of 50 in Discussion

Unless you are professional gamblers you are idiots betting on exchange rates.



Not even profesional gamblers will not gamble on the current exchange rate lottery.



catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
17/03/2009 06:50

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Message 50 of 50 in Discussion

i owned race horses, believe my i dont no what is more corrupt

and by the way, if you money is tied up for 12 months now thats a gamble.



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