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PPT : Successful Currency Trading – The Basics

FRANKFURT DaimlerChrysler AG acknowledged Tuesday that more than half of its second-quarter operating profit was generated by favorable currency trades, indicating the German-U.S. concern made more money on foreign exchange than it did selling cars.

Last month the auto maker reported quarterly operating profit of €641 million ($712.7 million). Although that was down 62% from the second quarter of 2002, it beat some analysts’ estimates. At the time, DaimlerChrysler said currency trading to soften the impact of the euro’s rise against the dollar had had a “positive effect” but didn’t detail the extent of its gains.

Now the company says about €350 million in operating profit was generated through foreign-exchange transactions, confirming an article set to be published Thursday in a German newsmagazine.
Distribution of Currency Pairs
PIP = Price Indicator Point
A pip is the smallest movement a currency can move
A ‘pip’ (price indicator point) is the smallest unit of movement that a currency lot can have – the last one or two decimals
The Bid is selling the Cross and the Ask is Buying the Cross
The Difference is called the Spread and is the Brokers FEE
You are borrowing one currency and paying for it with another
At the end of your trade if you made money you pay back your loan and have an increase in margin
If not…you pay back the loan with your margin
Prices in Dollars
* Currency SELL BUY
* USD/JPY 118.78 118.83
* EUR/USD 1.2450 1.2454
* GBP/USD 1.5558 1.5563
* USD/CHF 1.4573 1.4578
* Multiple Currency Crosses available
* Who gets the difference?

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Tags: currency trades, currency trading, foreign exchange, operating profit

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