Forex Gain

A currency stategist for the Royal Bank of Scotland recently analyzed data from remittance offices in Hong Kong. He found that the transfer of funds to the Philippines from Filipino workers overseas tend to be the most on the first Sunday of each month because that is when they have their day off and wages are generally paid at the end of each month. How does this translate to locals with forex transactions? Take advantage of the spike in demand and sell dollars on the First Monday of each month.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: