NexusFi: Find Your Edge


Home Menu

 





Iraqi Dinar


Discussion in Currencies

Updated
      Top Posters
    1. looks_one Fat Tails with 4 posts (1 thanks)
    2. looks_two Silvester17 with 3 posts (1 thanks)
    3. looks_3 aligator with 3 posts (2 thanks)
    4. looks_4 mattz with 1 posts (2 thanks)
      Best Posters
    1. looks_one mattz with 2 thanks per post
    2. looks_two aligator with 0.7 thanks per post
    3. looks_3 Silvester17 with 0.3 thanks per post
    4. looks_4 Fat Tails with 0.3 thanks per post
    1. trending_up 3,574 views
    2. thumb_up 6 thanks given
    3. group 2 followers
    1. forum 9 posts
    2. attach_file 1 attachments




 
Search this Thread

Iraqi Dinar

  #1 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527

I know there are many rumors about the iraqi dinar. and I agree most of them smell like scams, big red flags.

just wondering if someone here actually invested in the dinar anyway. sometimes I like to gamble, to buy a lottery ticket in form of options, penny stocks or currencies like the dinar. of course most of the time I lose, but one winner makes up for many, many losers.

Attached Thumbnails
Click image for larger version

Name:	2011-04-11_2327.png
Views:	223
Size:	59.2 KB
ID:	36391  
Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
Deepmoney LLM
Elite Quantitative GenAI/LLM
 

  #2 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789

It could appreciate...nobody knows, but the question is always liquidity.
I dont believe it would have a reasonable bid/ask for one to make reasonable appreciation for small amounts.
Probably one would get a bank rate where they have 600 pip difference on bid/ask from the cash market.
With the Dinar one would most likely get the "Airport Rate" or as one would call it "Airport Rip"

Stay away. My 2 Cents.

M

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Reply With Quote
Thanked by:
  #3 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102



Silvester17 View Post
I know there are many rumors about the iraqi dinar. and I agree most of them smell like scams, big red flags.

just wondering if someone here actually invested in the dinar anyway. sometimes I like to gamble, to buy a lottery ticket in form of options, penny stocks or currencies like the dinar. of course most of the time I lose, but one winner makes up for many, many losers.

The bid/ask spread on your chart is close to half the monthly range!

Reply With Quote
  #4 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


Fat Tails View Post
The bid/ask spread on your chart is close to half the monthly range!

as you can see, quality has it's price...

Started this thread Reply With Quote
  #5 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


Silvester17 View Post
as you can see, quality has it's price...

Assuming that there is no trader willing to enter into a trade for the Iraqi Dinar, I conclude that the quote is a two-sided quote of a market maker, who is compelled to make a quote. Probably he only agreed, because he was offered a compensation.

Quality has its price. But does that mean that everything that comes at a high price has a high quality.

Do you also believe that CDO stands for cwality debt obligation?

Reply With Quote
  #6 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


Fat Tails View Post
Assuming that there is no trader willing to enter into a trade for the Iraqi Dinar, I conclude that the quote is a two-sided quote of a market maker, who is compelled to make a quote. Probably he only agreed, because he was offered a compensation.

Quality has its price. But does that mean that everything that comes at a high price has a high quality.

Do you also believe that CDO stands for cwality debt obligation?

just to be clear. that was a joke about the quality. and certainly not everything that comes with a high price tag has a high quality.

as I mentioned in my first post, lots of red flags. this is not about an investment. this is pure speculation, a lottery ticket (about the same like trading crude) sorry couldn't resist.

to my best knowledge, CDO stands for something else, but you got 2 out of 3 right.

Started this thread Reply With Quote
Thanked by:
  #7 (permalink)
 
aligator's Avatar
 aligator 
Las Vegas, NV
Market Wizard
 
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,615 since Aug 2010
Thanks Given: 1,071
Thanks Received: 5,988

Just for your information, the Iranian Rial pre-revolution was about 75 Rials to one $. Even with the current situation in Iran, now it is about 10,000 Rials to 1$. Their government now wants to drop 4 zeros and make it 1 Rial to to 1 $. That will not last very long either because of heavy $ subsidies by their central bank. However, for whatever reason their stock market is nearly up by about 60% in the last three months. Apparently, because of no influx of foreign capital (401Ks, mutual funds, etc), region people buying gold, materials getting expensive ( most of the companies are cement, chemical, steel, construction, and such) and so on, these companies are so dirt cheap. Here is where you can double your money in a year if you can trade that market. BTW, don't listen to the news media and the current propaganda, we want that country to remain as is so that we can justify our presence in that oil rich region. Besides, they are Persians not Arabs, and are survivors for 1000s of years.

As for Iraqi Dinar, the situation is really not good. I would not be surprised if Dinar like other Persian Gulf kingdoms' currencies will eventually be pegged to $ once the U.S. establishes foothold in that economy and banking system. I don't see US out of there for many decades to come. Similar to the UAE, Oman, Bahrain, Saudi Arabia, and Kuwait currencies the Iraqi Dinar will fluctuate with $, unless Euro replaces $ in international commerce, which I don't see happening very soon.

So, my friend, my first place to speculate just for fun with the money I don't need will be in Canadian junior partnerships (they pay hefty divident also) and oil penny stocks. The rewards are more likely than those from a Dinar that is worth only 1/10,000 of pre-US invasion of that contry.

Money does not grow on the trees, it come out of the ground!

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #8 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


aligator View Post
Money does not grow on the trees, it come out of the ground!

Money is created by the FED and fractional reserve banking. Today you don't even need paper to create it, and it is sufficient to hold 4% of its face value as gold reserves. Current money supply is an estimated $ 9,000 billion (see chart) and gold reserves of 8,134 tons (261514170 troy ounces) should amount to $ 365 billion, if I have made no calculation errors.

Who wants to reintroduce the Gold Standard? First you need a interplanetary expedition to find the gold needed for that purpose.

https://[IMG]nexusfi.com/v/ad97r6.png[/IMG]

Reply With Quote
Thanked by:
  #9 (permalink)
 
aligator's Avatar
 aligator 
Las Vegas, NV
Market Wizard
 
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,615 since Aug 2010
Thanks Given: 1,071
Thanks Received: 5,988

Money by itself has no value. It is not just gold, imagine almost all commodities either come out of the "ground" or depend on what comes out of the ground, including wheat, soybean, apples, oil, gold, metals, non-metals, beef, wood, or whatever have you. Availability, demand for, and consumption of these commodities create value for them that is exchangeable by monetary instruments, thus the need for existence of FED to create a "Value Vault".

Canada, Australia, South Africa, etc. without their natural resources (coming out of the ground) could not print as much money. Others like Greece, Portugal, etc. without much exploited natural resources go broke as we witness. Money is a promissory note of value for exchange of commodities in the future. The more promises (commodities) you can deliver, the more money you can print.

There have been times that one could not buy a loaf of bread for a kilogram of gold. I stand correct, real money (value) comes out of the ground and FED just prints lots of promissory notes, called money.

Visit my NexusFi Trade Journal Reply With Quote
  #10 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102



aligator View Post
Others like Greece, Portugal, etc. without much exploited natural resources go broke as we witness.

Not related to natural resources, but government spending.

Reply With Quote





Last Updated on April 12, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts