westphalia1 asked:
To set up a currency TRIANGLE ARBITRAGE transaction what procedure would i set up through a bank ( it would’nt be through a forex broker)? Checks, Money Orders (denominated and converted in multiple currencies)? My major USA bank does not deal in speculative investing?
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To set up a currency TRIANGLE ARBITRAGE transaction what procedure would i set up through a bank ( it would’nt be through a forex broker)? Checks, Money Orders (denominated and converted in multiple currencies)? My major USA bank does not deal in speculative investing?
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Triangular arbitrage today is often done by computer programs by the big players, so I really don’t think there’s going to be much opportunity in it. Plus, you have to think there’s going to be a transaction cost each time, which will really eat up your profits unless you’re doing serious $ trading. If you are set on doing currency trading, you can try
Kansieo.com
I agree with flying wombat. It’s going to be nearly impossible to make money after fees and bid-ask spread.
A lot of banks will convert CAD->MXN->USD->CAD for you but they’ll charge you a commission at each step and you’ll be guaranteed to lose money. You can do it yourself using online forex trading. If you’re really set on trying it out, why don’t you try it with a practice account with one of the online forex trading sites (like)? This way you can test out your concept without risking (and most likely losing) real money.
Kansieo.com
You can use an online forex trading account if you are so keen. There are no charges – only a 3-8 pip spread when you trade online.