[bloomerman]

yup, that's one of the issues...

actually, u don't need that much capital to employ this, but the profits will surely be a function on how much working capital u are working w/...

Good Timing is vital on this kind of business... And you should make network as big as you can... You must befriend a lot of money changer owner to make a harmonous working relationship...

[DPT96Strategy]

Pero sir parang hndi sulit yung 1$ as first deposit, sa transfer fee pa lang lugi ka na hahaha
Meron ako alam na Broker may prepaid card hindi mo na kailangan magbayad transfer fee.. astig!:))))

We cannot make good profit in forex with only $1, the objective for depositing $1 is to developed a good trading strategy in live trading environment with emotions involve in trading at kung paano natin ma overcome ang negative emotions while trading in forex. Using LR the fee for transfer is only $0.01 for every $1. You can open a Cent account and you're $1 is equivalent to $100 cents and the minimum lot size is 0.10 lot. Why Cent account? The good difference with standard account is mas malaki kasi ang playing field mo sa forex if you're trading in Cent account and this is the best way to developed a consistent and profitable trading strategy

[SAGAD]

Good Timing is vital on this kind of business... And you should make network as big as you can... You must befriend a lot of money changer owner to make a harmonous working relationship...

that's right...

but if one was able to put everything in place (good working relationships w/ money changers), this arbitrage would essentially be a zero-risk operation...
Post Merge: May 28, 2012, 05:43 PMactually, i alrdy have the list of accredited money changers from Banko Central...

the list is 420 page long...take note "page" not entry...

quite a lot i should say, lot's of work in  sorting them all out...but the more choices u have, the more opportunities u have for arbitrage...

[ferrariEverest]

pero parehas lang tlga yung hands on man or brokerage.. sa hands on mamasahe ka pa papuntang money changer.. ala kang tools paramakita ang chart, takbo ng ecomony or news.

kung gusto mo ng chart, magrely ka lang sa MT4 o charts mo sa PC mo

mas malaki ang spread sa money changers, mga +/-30-80 pips. lugi tayo. sa banks ganun dun, malaki patong/spread kaya mas ok sa broker

1.)    Assuming that we only have Philippine pesos as working capital, can we buy and sell any currencies?
2.)    Do they have any limit as far transaction amounts are concerned?

haha, ano ba yang naisip mo.
1. teka, parang trick question a. pwede d ba? pero hindi lahat ng currency pwede (bawat MC siguro iba ang offer).
2. siguro merong limit. minsan nauubusan sila ng pampalit sayo (limited supply).

[ect1]

^ tsaka parang ang bagal ng data ng money change parang matagal mag update

[SAGAD]

^^ it may actually work to the benefit of the arbitrageur as it may be the cause or one of the causes of the inefficiencies...

anyway, u guys tell me if the above conditions are present here in the Philippines and i'll gladly share the method...

otherwise, it'll all be just wishful thinking...

[Prospera]

Hi, sagad. How about describing the method so we can comment on it?

If it involves physically exchanging bills to take advantage of the difference in buy/sell rates among a few money-changers (which is how I understand "arbitrage"), wouldn't you have to contend with security issues? Either ma-holdup ka o mali ang pagbilang?

My two cents lang naman.

[SAGAD]

^^exactly...

lot's of hassle actually...

that's why the idea wasn't pursued before, i found trading at home much more comfortable...

the idea that i was thinking of involves using 3 entities (bank/money changers) and using 3 currencies to figure out the inefficiency/opportunity and making the necessary transactions to realize/produce the profit...

i'll try to draft a step by step process...

[bloomerman]

Hello SAGAD, been a while since I commented here... HOw's the topic by the way?

[SAGAD]

medyo busy lately...will post it this week end