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fib1618 Newbie

fib1618

Posted
Posted

Dinar is trading lower than anytime in the last year,,, maybe a good sign,,,check out xe.com

Forex trader and Dinar Vets Member GPCarter says.....

 

"1. IQD is NOT, as some like to say, "On Forex". Sure, IQD is listed on sites like XE, Forex Pros and many others but NONE of these "sites" are a part of the actual forex market. NONE of these sites are market participants or one of the entities considered to be an actual part of the forex market. These sites are simply sources of information, research, trading tools, education and other things. A lot of people see IQD listed on one of these sites and assumes it means it is "on forex" or that those sites are some "official" authority but neither of those assumptions are true. Being listed on a "site" is NOT the same as being "on forex". When it is internationally traded it will then be "on forex".

2. The so-called "movement" or "change" in the rate and on the charts that you see on those sites has NOTHING to do with movement of IQD. Remember, IQD is not traded in the forex market. You can not find it listed in the trading platform of ANY forex broker or market maker. NOT ONE. There are even brokers where you can go right now and deal in exotic currencies such as Dinars from Kuwait, Jordan etc. and NONE of them deal in the IQD. Why? Because it is not "on forex". The movement you see on those sites is a result of the value of the currency paired to it. For example, if the USD strengthens then you can buy MORE IQD for each dollar. If USD loses value then you would be able to buy LESS IQD for each dollar. As the value of USD rises and falls then it would be reflected on these sites and in the charts and changes and fluctuations in the rate. Some people see these changes and assume it is because of the movement in the IQD but it is not. The only time we "really" saw movement in the IQD was the recent change made by the CBI. ALL the other "changes" you see on these other sites mean absolutely nothing.

2 WHY are the changes meaningless? Forex brokerages, market makers and even sites like XE get their rates from data providers such as central banks. When you see what looks like a rate change in IQD on those sites AND that same rate is on the CBI then it is an actual change. Otherwise, all you are seeing is a result of the change in value of the "other" currency you have paired with the IQD. Checking all these forex sites is actually a waste of time at this point. The place we all want to see the change is on the CBI site. We want the information directly from the horse's mouth and not from a "non official" third party site.

My advice is to save yourself some time and focus only on the CBI at this point. It makes absolutely no sense to check sites for movement and changes on a currency that is not even a part of the forex market at this point."

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cbs71 Newbie

cbs71

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Forex trader and Dinar Vets Member GPCarter says.....

 

"1. IQD is NOT, as some like to say, "On Forex". Sure, IQD is listed on sites like XE, Forex Pros and many others but NONE of these "sites" are a part of the actual forex market. NONE of these sites are market participants or one of the entities considered to be an actual part of the forex market. These sites are simply sources of information, research, trading tools, education and other things. A lot of people see IQD listed on one of these sites and assumes it means it is "on forex" or that those sites are some "official" authority but neither of those assumptions are true. Being listed on a "site" is NOT the same as being "on forex". When it is internationally traded it will then be "on forex".

2. The so-called "movement" or "change" in the rate and on the charts that you see on those sites has NOTHING to do with movement of IQD. Remember, IQD is not traded in the forex market. You can not find it listed in the trading platform of ANY forex broker or market maker. NOT ONE. There are even brokers where you can go right now and deal in exotic currencies such as Dinars from Kuwait, Jordan etc. and NONE of them deal in the IQD. Why? Because it is not "on forex". The movement you see on those sites is a result of the value of the currency paired to it. For example, if the USD strengthens then you can buy MORE IQD for each dollar. If USD loses value then you would be able to buy LESS IQD for each dollar. As the value of USD rises and falls then it would be reflected on these sites and in the charts and changes and fluctuations in the rate. Some people see these changes and assume it is because of the movement in the IQD but it is not. The only time we "really" saw movement in the IQD was the recent change made by the CBI. ALL the other "changes" you see on these other sites mean absolutely nothing.

2 WHY are the changes meaningless? Forex brokerages, market makers and even sites like XE get their rates from data providers such as central banks. When you see what looks like a rate change in IQD on those sites AND that same rate is on the CBI then it is an actual change. Otherwise, all you are seeing is a result of the change in value of the "other" currency you have paired with the IQD. Checking all these forex sites is actually a waste of time at this point. The place we all want to see the change is on the CBI site. We want the information directly from the horse's mouth and not from a "non official" third party site.

My advice is to save yourself some time and focus only on the CBI at this point. It makes absolutely no sense to check sites for movement and changes on a currency that is not even a part of the forex market at this point."

 

Agreed..GPCarter knows his stuff and he's a Forex trader.

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fib1618 Newbie

fib1618

Posted
Posted

I run 3 forex trading platforms during the trading day, from 3 different brokers. I use one account to day trade, one for swing/position trading, and leave one open in case I have to hedge an open position on one of the other platforms. The USD/IQD is not live...it does not trade. Period.



Agreed..GPCarter knows his stuff and he's a Forex trader.

Yup.

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sandyf Newbie

sandyf

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Posted

I type USD/IQD into the quote box on all 3 of my forex platforms and get "symbol not recognized". 

 

TENFORE Forex Symbology
 
DTN provides three sources: TenFore, Barclays and FXCM 
 
The symbology for TenFore FOREX symbols is 
"[bASE CURRENCY][sECOND CURRENCY].[CONTRIBUTOR CODE]"
 
The symbology for TenFore Precious Metals symbols is 
"[METAL CODE][CURRENCY].[CONTRIBUTOR]"
 
The symbology for TenFore Coin symbols is 
"[COIN CODE][CURRENCY]C.[CONTRIBUTOR]"
 
For Example: (USDJPY.COMP)
 
           
SYMBOL............ DESCRIPTION..............EXCHANGE.... SECURITY TYPE... LISTED MARKET

EURIQD.COMP ..COMP EUR IQD Spot ... FOREX ..........FOREX................... TENFORE
GBPIQD.COMP.. COMP GBP IQD Spot .. FOREX ..........FOREX ....................TENFORE
IQDGBP.COMP.. COMP IQD GBP Spot .. FOREX ..........FOREX ....................TENFORE
IQDUSD.COMP.. COMP IQD USD Spot.. FOREX.......... FOREX ....................TENFORE
USDIQD.COMP.. COMP USD IQD Spot .. FOREX.......... FOREX ....................TENFORE
EURIQD.DRES... DRES EUR IQD Spot ... FOREX......... FOREX ....................TENFORE
GBPIQD.EUAM ...EUAM GBP IQD Spot .. FOREX......... FOREX .....................TENFORE
IQDGBP.EUAM... EUAM IQD GBP Spot .. FOREX .........FOREX .....................TENFORE
IQDUSD.EUAM... EUAM IQD USD Spot ... FOREX .........FOREX .....................TENFORE
USDIQD.EUAM ...EUAM USD IQD Spot... FOREX......... FOREX .....................TENFORE
USDIQD.RADA ...RADA USD IQD Spot... FOREX......... FOREX .....................TENFORE
       

Read more: http://dinarvets.com/forums/index.php?/topic/143618-forex-showing-idused-11352/#ixzz2NTNMwPdq

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gymrat76541 Newbie

gymrat76541

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Posted

Who cares if it is "LIVE" as you say. I think we are talking about the rate being shown.

Sure it is NOT being traded, we get that.

In the years I have been checking XE, the rate has never been 1,158.00. It has alway shown as higher (1,162 or 1,164)

 

Why is the rate different? That's the question?

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