TL on the move

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
12/03/2009 19:36

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

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

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

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

2.34 and droping

Geoff1131


Joined: 12/07/2007
Posts: 276

Message Posted:
13/03/2009 11:19

3.9 and rising.

Geoff1131


Joined: 12/07/2007
Posts: 276

Message Posted:
13/03/2009 11:22

sorry! 2.39 and rising

kellybelly


Joined: 08/03/2009
Posts: 263

Message Posted:
13/03/2009 11:47

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

i got out at 2.34 this morning

Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 12:55

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

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

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

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

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

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

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

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

word of advice repro, buy high and sell low lol

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 13:25

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

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

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

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

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

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

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

happy hunting

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
13/03/2009 14:00

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

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

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

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

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

my sentiments exactly

Reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
13/03/2009 18:48

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

you,ll be skint

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
13/03/2009 20:42

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

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

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

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

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

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

You clearly know all about taking a big gamble.

jesusjon



Joined: 03/08/2008
Posts: 93

Message Posted:
14/03/2009 18:49

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

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

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

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

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

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

REPROMAN did you buy in 2.38 at the mo

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
16/03/2009 23:12

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

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.