For newbies about monetary market
dupi
It's not really an article but a message only which I just sent to one of my friends who asked me about changing his money from BGN to MKD - but I think it may be interesting for everybody who not use the monetary market every day.
The main thing about monetary market: never buy only sell
🙂It's more time but you'll have much more money.
So if you want to change your money from BGN to MK
😨
1. check the BGN-gold ratio (currently 0.013)
2. post new offer: all your BGN to gold at the above price (0.013 - not less!)
3. wait until you sell it (if it lasts more than a day check back the ratio and update your offer if it's neccessary)
4. check the gold-MKD ratio (currently 67, its changing fast)
5. post new offer: your golds to MKD at ratio slightly lower then (currently) 67 (for example I used to cut 0.005/0.05 - now 66.955, or 66.95)
In this way: 500 BGN --> 6.5 gold --> 435.175 MKD
And the faster way, buying everywhere:
1. gold-BGN, the first offer: 87.5 BGN (one gold)
2. MKD-gold, 0.017 gold (one MKD)
500 BGN --> 5.71 gold --> 336.13 MKD
The difference is 100 MKD!!! And you must only wait - sometimes minutes, mostly hours, maybe a day.
Don't forget you can only receive 10 golds every day! (Via donations or monetary market)
If you have questions: comment.
Have a nice day!
Advertisement: I'm looking for someone who wants to change IRR to TRY. (Yep, I have a lot of TRY and I reach the 10-gold-limit every day)
Comments
Fist! Nice!
v+s
V bro 😉
some currencies take ages to be sold, damn ages !
vote
@Cifoo: but with this new 10-gold-rule it'll be easier a little - the big sellers offers disappear when they reach the 10 gold (i guess). i think its better to check the ratios not in the morning (i mean european morning, about erep day-change) but in the afternoon.
and if you want to make money from monetary market you should prefer not too small country's currency, aqnd must work with small amount first.
v
v+s very good
good info cos i all time selling or buying directly 🙂
One time my offer takes month to be sold : D
vote
Vote S
Good one
voted
subbed
v+s
Voted.
yeki bege in magahle dare chi mi ge ?!
@nzari
میگه خودتون آفر بزارید بهتره تا اینکه بخرید !
لااقل به عدد هاش نگاه کن :دی
gr8