I asked this on investing but didn't really get much feedback. I didn't know this sub existed or i would of came here first. My brother recently started a new job at the local pizza place and the owner has been talking up the dinar to him for a while. Apparently the owner has at least 10k in dinar and most likely more. My brother recently bought about $800 worth of dinar and wants to get more. My worries are that my brothers boss is hyping up the dinar and my brother is getting bad info from him and letting that cloud his judgement. Im not an investor and when i tried to do some research into this i felt like i was just spinning wheels. https://www.investopedia.com/terms/forex/i/iqd-iraqi-dinar.asp was the best article i could find. I can safely say that however he's getting the dinar is legit and he's not getting scammed that way. I've read a few articles that claim dinar investors are "just dumb trump supporters" buying into a scheme. Other articles are by "Dinarians" who've been waiting over a decade for something that's coming any day now. According to the article people are confusing re-denomination with reevaluation and that if Iraq re-denominates then any investment will basically be worthless. I've read some claims from people and my brother has said that if they do re-denominate that they will still come out ahead. Is that possible? How does that work? Is my brother wasting his money? I cant and wont fault him for taking a gamble on something that could pan out in the future even if it turns out to be a huge loss but if he's going on bad information from his boss (a pizza maker not an investor) who's over-hyping this dinar scheme i wanna stop him before he gets anymore. Edit: He's buying his dinar online and getting an envelope of 5000 IQD notes. Also hes 19 lol.
What Foreign Paper to Buy and Hold Short or Long that's Actually Worth it and not a Scam?
Hello Team Forex, TLDR; What foreign currency, with what event, like war, or troops pull out, or a country's central bank to take over their currency and then revalue and go way up, much like what happened to the Kuwaiti Dinar? I'm aware of the scams on buying various foreign paper, and I'm also aware of the issue of paying USD for foreign paper, and when you need to cash out, you lose to rate of exchange and inflation of the USD. That your better off at trading online, and doing it within minutes, hours or days at the most. I know that the idea behind buying the IQD, Dong, Won, Rupiahs, Yuan, and Iranian Rials is that the currency is considered undervalued if not artificially manipulated to be low. And that one day it will be revalued, so if you bought at equivalent of fractions of 0.0001 USD cent, and its revalued at $2.50USD equal at the exchange, then poof you're an instant multi-millionaire. It's all a matter of the likelyhood, the potential reality, and just when will which one of these undervalued foreign currencies will actually revalue, and enough so as to get past inflation, rate of exchange, and wind up well past break even. So the question is, looking for one of the foreign currencies I mentioned, what event, like war, or troops pull out, or a countries central bank to take over their currency from a foreign occupier, etc will allow that currency to ability to then revalue and go way up, much like what happened to the Kuwaiti Dinar? Thank you
The Iraqi Dinar is the currency of Iraq. Our currency rankings show that the most popular Iraq Dinar exchange rate is the USD to IQD rate. The currency code for Dinars is IQD, and the currency symbol is د.ع. Below, you'll find Iraqi Dinar rates and a currency converter. This is Forex 201. You will need to learn how to trade this market first. Even if you have experience trading stocks or crytpo or anything else, you need to hit RESET and learn this from scratch. The best place I’ve found is here. It took me 3 days to finish, and I worked two of those days, AND took detailed notes, so it may go a lot quicker ... The Iraqi Dinar (IQD) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of 22:00 Sunday through 21:00 Friday GMT. IQD: The currency abbreviation or currency symbol for the Iraqi Dinar (IQD), the currency of Iraq. The dinar is made up of 1,000 fils and is often presented with the symbol (__). The dinar ... Forex Currency Codes - IQD: IQD is the ISO 4217 currency code for the Iraqi dinar, the official currency of the country of Iraq. Currency forex trading
Here's why you'll NEVER make money in Forex. The Forex ...
Enroll in the complete course here with discounts of over 90% using this link: http://rebrand.ly/ForexFound Follow me on IG: https://www.instagram.com/Mohsen... How to Trade With the Momentum Indicator Best Forex Trading Strategy So how do we see a trend? What Is A Stop-Loss In Forex Trading? And How Do You Set It? h... Learn more here: https://bit.ly/2ShPRPx Here' why you'll never make money in Forex. It's all because of the Forex cycle of doom. Many aspiring traders who ar... Everything from Currency, Stocks, Cryptos, E-Dinar to religious and conspiracy topics. Donate: paypal.me/JuliusThompson RobinHood Stock Exchange (referral) h... Global Currency Reset 2019 Iraqi Dinar Review, Will The IQD Go Live On The Forex Vietnamese Dong Revaluation #IQDForex #DinarTalk #Forex. Category News & Politics; License