Turkish Lira Falters After Biggest One-Day Surge in Two ...
Turkish Lira Erases Losses After Regulator Eases Trading ...
Turkish Lira Bounces Back After Qatar Bailout Pledge
This is the best tl;dr I could make, original reduced by 69%. (I'm a bot)
The Turkish lira is enjoying one of its best days in more than year after jumping 7.2 percent against the dollar in Wednesday trading. Interestingly, Qatar's helping hand has arrived on the same day that Turkey has escalated its diplomatic row with the United States by slapping heavy tariffs on American imports. The retaliatory measures will see 140-percent tariffs imposed on American spirits; 120-percent tariffs on passenger cars and 60-percent tariffs on tobacco. The plunging lira has dragged down a number of other key assets both in Turkey and adjoining markets. The iShares MSCI Turkey ETF crashed 21 percent alone, taking the Vanguard FTSE Emerging Markets ETF down with it, an index comprising stocks from China, South Africa and other emerging economies and approximately $90 billion in net assets. One reason why the security has fared better is due to the fact that Turkish assets make up less than one percent of the ETF. The other is simply because emerging markets and currencies are generally proving to be quite resilient to the contagion of Turkey's afflictions.
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Shorting Turkish lira. Easiest $ Ever Made In Forex
Opened up a short position this morning on TOS (think or swim) and already up 2% or $5k. pair: USD/TRY yeah the spreads are wide and the fees are high but it's worth it. the country is gonna default eventually and the lira will fall to 10-1 easily. The central bank cannot raise interest rates fast enough to offset this. The carry cost is trivial compared to how much this will fall. Don't waste your time with Eu, JPY, CA pairs. This is like betting against Enron before it dies but knowing beforehand. Good luck
Have been using Oanda for years, I’m looking for a US regulated broker with more available exotics. Been demoing forex.com...anyone know if US clients can trade the Turkish lira and Russian ruble through forex.com?
I'm planning to start a fintech firm that is partnering with a foreign bank in Antigua to offer a high interest US dollar savings account with no forex conversion fees to residents of developing countries like Turkey, South Africa, Nigeria, Somalia, South Sudan, etc. that have highly volatile currencies which depreciate in value. For example, one USD used to buy 3 Turkish Lira and now it can buy nearly 10 Lira. Saving in USD is highly secure, liquid, and appreciative asset. Details: Mobile app for transactions Deposit in local currency, but save in USD No currency conversion fees Withdraw in USD or local currency up to 7 times a year 7% APR on savings paid in USD So I know the regulatory system is very complex for offshore banks. In the US, foreign banks are not allowed to advertise towards US residents because of FACTA. I was wondering if anyone is familiar with regulations regarding promoting foreign banks in countries like Turkey or other countries in Africa?
Hello guys, as you may have noticed i am new here and to the trading world. I guess it has been over a month roughly and i drain information like a sponge, i have done babypips, read 3 books about strategies and mentality + risk management. Watched over 100 videos including webinars and lessons along with the youtube content. But i have questions which are pretty rare and cant find answers anywhere. I searched Forex and couldnt find any related stuff either. I am living in Turkey and the condition of Forex is different here. Leverage is limited to 10:1 and you need to deposit 50.000 turkish lira to the broker(lots of money). So i want to use a broker who is not supported by turkish state. Like pepperstone, i would appreciate recommendations. The real deal is this. Currently 7 turkish lira = 1 USD (rounded) and a 100 USD is an okay income a month for a turkish student (i dont expect to earn this at all, i am just trying to describe the situation that Turkey is in.) However guys i may start depositing with a small amount of 500 USD at most (at the beginning, every month i will deposit more). I want to risk %1 of my account each trade. And i trade mostly in 15m and 1h candles in my demo account and those show the most profitable results. But will i be able to earn despite the comissions and spreads? Which type of account you guys recommend. Thanks a lot. Appreciate it.
Picking an online broker for investing for a non-US Non-EU investor
I live in Turkey and picked up an interest in investing to be able to feel financially safe and hopefully free in the future, two years ago. I picked a couple of divident paying stocks and bought small amounts. I also picked a couple of funds and invested even smaller amounts to see how they perform. One thing I noticed is that, the market is not likely to beat the inflation (if it can, it will be barely - and statistics are not very reliable at the moment), and nobody in the country remembers a period where USD lost power to Turkish lira in a persistent way, but we are seeing the reverse right now. This is so obvious and certain for most of our people that just buying USD alone is an investment form which will not fail you. Obviously unless I happened to pick up the stocks that will constantly outperform the whole market, it's unlikely that I gain a financial freedom in this way. And I can't do day trading or short term investment because I can't sit in front of a screen and monitor the market. Also, dividends are not reliable as a company might decide to skip a year or stop paying it altogether. And the divident performance of the whole market is around 1%. So, I don't feel like this environment is the right one for long term investment. That's why I am planning to invest in the US and maybe the UK stock markets. There are a couple of banks that let me invest in those markets, but their commission rates are insane. The minimum they will get for one transaction is $25. I was planning to start with something like $250-300 and if I invest with them, there goes one-tenth of my money. However, transferring money to a foreign account costs 40-50 Turkish liras, which roughly translates to $7-8. Considering that I'm planning to put small amount of money and buy stocks with it, transferring money to a broker makes sense. However this arises safety issues as I'm going to invest with an American or British broker. Moreover it will have to be an online broker because others don't accept foreigner investors. Risk increases. While I was doing research, I learnt that Saxobank, Tradestation Global and Interactive Brokers accept Turkish citizens. I can't pick Saxobank as they have a minimum of $10,000 which I won't have for a while. I checked them out to see if they are safe, but apart from obvious advertisement websites, it is very confusing. For instance, https://www.forexpeacearmy.com/forex-reviews/165/tradestation-stock-broker and https://www.forexpeacearmy.com/forex-reviews/165/tradestation-stock-broker They both are slammed here. But check this out: https://www.tradingview.com/brokeTradeStation/reviews/ Here, where the company can answer, there is a different story: https://www.trustpilot.com/review/interactivebrokers.com This one is another: https://www.trustpilot.com/review/tradestation.com?languages=en So, what are your thoughts about these two brokers? Are there any alternatives I am missing? Or should I just not invest in these markets? EDIT: I'm also worried about inactivity fees as I plan to buy and forget whether stocks or funds.
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Twenty hour layover at Istanbul | Need help on few points
Hello, Turks! I will be travelling to London from India via Turkish Airlines. I have a twenty hour layover at Istanbul out of pure luck. The city of Istanbul is beautiful beyond words with its history and heritage. I consider myself very fortunate to get a chance to explore the place, learn the culture, visit iconic monuments, try local cuisine and hangout with locals. My flight lands at 10:45 AM and connection flight is on next day 07:45 AM. I have purchased the transit visa. This is the first time I am travelling by a aeroplane and that too outside my country. I will be alone in this trip. I seek some advise and guidance from you for below listed queries:
Turkish Airlines provides Free TourIstanbul trip. However, they go by most places with very less time to explore. Is it worth taking or shall I explore by myself?
What currency shall I carry Turkish lira, US Dollars or Euros? Also, shall I use a Forex card or keep cash handy?
How much money shall I carry considering I am on a shoe string budget but want to cover as much as possible?
How do I get around? How's the public transport scene especially with respect to ticketing system? Can I get tickets by cash?
Which all places have an entry fee and where can I find the details? This would help me in budgeting?
I am a vegetarian and would love to taste local food. So is veg food available easily? What all shall I try?
I will be carrying a backpack. So wish to know whether it is allowed inside Mosques and other religious places? I do not wish to disrespect local culture?
Can I carry camera around and inside Mosques to click photographs?
What are some places to visit? Any itinerary for famous tourist attractions?
Apologies for the long post. As I am travelling alone and for the first time, I am bit anxious but much more excited about the whole event. Any help/guidance/advise would be highly appreciated. I look forward to seeing you soon. Thank you! Floyd.
THIS WEEK will be huge. Keep an eye on Turkey and TRY. Also JPY, as a safe haven currency, it is going to be in demand.
Turkish Lira opened even lower. I'm expecting a bank run soon in that country. The real question is also, will this have wider ramifications in terms of global stock markets? There were no interventions worth noting by ECB. This could be ugly. As always, CHECK YOUR CALENDARS Discuss!
The Turkish Lira is the currency of Turkey. Our currency rankings show that the most popular Turkey Lira exchange rate is the USD to TRY rate. The currency code for Lira is TRY, and the currency symbol is TL. Below, you'll find Turkish Lira rates and a currency converter. The Turkish lira retreated as traders assessed prospects for monetary and fiscal policy after President Recep Tayyip Erdogan appointed former Deputy Prime Minister Lutfi Elvan as treasury and finance chief. The currency fell as much as 3.8% in early Istanbul trading, after surging 5.8% on Monday, the most on a closing basis in more than two years. The lira traded 2.9% weaker at 8.3023 per ... Turkey - Turkish Lira (TRY) Turkey is a popular travel destination amongst us swedes, but due to unstability lately, less people travel to Turkey right now. The currency in Turkey is called Turkish Lira (TRY), and has been used in different versions since the nineteenth century. EUR/TRY: Aktueller Euro - Türkische Lira Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs EUR in TRY. Der Sinkflug der türkischen Lira am Devisen-Markt nimmt immer dramatischere Ausmaße an. 03.11.2020 (Bloomberg) -- The Turkish lira erased losses against the dollar after the country’s banking regulator eased trading restrictions, a move that could help slow the capital flight that’s made ... Forex: Türkische Lira wertet wieder ab - Angst vor Krise im Nahost . Kommentieren. Kommentieren. Richtlinien zur Kommentarfunktion . Wir möchten Sie gerne dazu anregen, Kommentare zu schreiben ...
USDTRY Turkish Lira Slips Through Key Level, Dollar asserts over EURO too
Hello my dear USDTRY Turkish Lira traders, Forex friends, merhaba arkadaslar! ;) Erdogan just let the central bank president Cetinkaya go: He argues that the... Shortest Forex Trading Video Turkish Lira Japanese Yen Learn more. https://www.stochastic-macd.com/forex-trading-hours https://www.stochastic-macd.com/knowin... Hello friends, welcome to my Youtube channel, whose name is online Jaidev, here I will give you information about the price of all these things related to fr... Especially getting the ones that accept Turkish traders and would allow you invest in your currency, the Turkish lira. Don’t worry, you’re not alone. Don’t worry, you’re not alone. *Trump ready to put sanctions on Turkey *Turkish Lira isn't facing any serious selling pressure *Rand bounced from its 100-day moving average In this video, we match the fundamental with technical ... Turkish Lira loses '6', Dollar Strength EURO sick as a Canary - Duration: 18:02. ... 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS Recommended for you ...