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I knew a guy who used to trade exclusively through exchangers. Yes, he carried a pretty big purse and paid fat spreads, but he still managed to make a profit.
Now we can't do that anymore.
I knew a guy who used to trade exclusively through exchangers. Yes, he carried a pretty big purse and paid fat spreads, but he still managed to make a profit.
Now we can't do that anymore.
In Moscow, sometimes you can even do it now. A dude told me the methodology. On this website, for example. http://www.banki.ru/products/currency/cash/usd/Moskva/#bank-rates There are times when the lowest selling rate of a currency is less than the highest buying rate. And you can walk along the metro with a bag of dough from one bank to another. The main thing is to cover the cost of the metro).
You can use your bank's credit card to exchange money, which usually has a better exchange rate than cash. Then you withdraw the money, transfer it to another bank card and exchange it there through the bank's front office :)
It's not serious at all for one day. But if you take a medium or long term, it is realistic and profitable.
Of course you have to know how to navigate the financial environment. But financial analysts can be bad helpers. Only your own analysis of the market. Only your own vision.
Today with a computer you can determine the timing of the transition from one currency to another with a high degree of accuracy. Many do not believe in this because they have no experience or weak neurons.
You can use your bank's credit card to exchange money, which usually has a better exchange rate than cash. Then withdraw, transfer to another bank's card and exchange there through the lk :)