Hello forex!
A relative of mine in Sweden passed away and I’ve inherited 100,000 SEK from him. I live in Canada and would like to exchange for CAD at some point.
Here’s the thing: I know next to nothing about forex and I’m not sure if now is the time to move it! I see the SEK is strong right now, trends show it being the highest in 5yrs. I’ve heard that it has an inverse relationship with the Euro, which is now weak and expected to recover. These would seem to point to a better exchange rate for me in the future, if I’m understanding things correctly here…
I’m hoping a good samaritan with knowledge will be kind enough to give me a word of advice on my situation. Please let me know what you think!
Kindly, Jake

List of unauthorized forex trading apps and websites - RBI

Friends, recently the Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal.
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https://preview.redd.it/dc1l0ca388o91.jpg?width=637&format=pjpg&auto=webp&s=1a865302fede2fd22985b27c767481ecb4219204
Before releasing this list, RBI had done all checks regarding all transactions of all those forex brokers since February this year. Maybe this doesn't matter to you; Nevertheless, you should definitely check this list once.
So see if your forex broker is not on this list!
👉 Here's a full list of unauthorized forex trading apps and websites

1. Alpari
2. AnyFX
3. Ava Trade
4. Binomo
5. e Toro
6. Exness
7. Expert Option
8. FBS
9. FinFxPro
10. Forex.com
11. Forex4money
12. Foxorex
13. FTMO
14. FVP Trade
15. FXPrimus
16. FXStreet
17. FXCm
18. FxNice
19. FXTM
20. HotFores
21. ibell Markets
22. IC Markets
23. iFOREX
24. IG Markets
25. IQ Option
26. NTS Forex Trading
27. Octa FX
28. Olymp Trade
29. TD Ameritrade
30. TP Global FX
31. Trade Sight FX
32. Urban Forex
33. Xm
34. XTB

Thanks for Reading.
Please share your take on this.

As title says, I have a chunk of Euros in cash and would like to deposit into my Swedish bank account. These Euros bills are not shady or anything, I was paid back a debt in euros, can prove source and everything. The bank I am with has told me they do not accept cash EUR. What is the most efficient way to convert my EUR bills to SEK and into my bank account? SEB literally told me over the phone that they do not have a solution for me and recommended I google for a solution....
Forex is a large ripoff, and limited to a certain amount per month. Even once I have some SEK from that, I cannot easily deposit the money into my bank account which isn't great.
Is there a better alternative?
EDIT: Added 'cash' and 'bills' to make the post more clear.

I thought I was smart to exchange Swedish kronor to dollars in the Revolut app, but when I was going to withdraw money from the ATM with the Revolut card, there was a fee of 6 dollars and a bad exchange rate sek-dollar. This despite the fact that I already had dollars on the card. Is there any way to withdraw dollars in Sweden? Forex? Don't want to need a new exchange rate when I already have dollars on the card. I am going abroad i need to bring real dollar for local exchange.

I dont defend this douche guy, he deserve it for being an @sshole.
Tapi ada yang punya kronologi jelasnya dia sebenarnya ngapain sebagai affliator binomo? Gua cari di berita isinya di luar konteks dan isinya "diduga" dan ga jelasin kronologi urutannya sampe urusan pacarnya segala.
Ada yang bilang dia sebagai affliator meraup uang loss pemainnya. Gua ga ngerti soal app binomo tapi apa itu hasil loss bisa connect ke "kantong" dia? Apa dia jadi agen perantara ketiga macam judi bola?
Does binomo even legal? I mean its legal in India. Dan konsepnya nyambung ke forex kan?
Gua cuman pengen tahu aja ginian, bahkan telegram grup mayoritas kalangan "investor" begitu kan disangka tempat chat teroris dulu kan dan terus disuruh uninstall. I have trust issues because massive of propraganda we are facing rn.

Gak bisa dipungkiri sepanjang tahun 2020-2021 banyak orang memulai investasinya karena influence sosial media. Beruntung bagi yang memulai investasinya lebih awal dan agak celaka bagi yang mulai investasinya di akhir-akhir tanpa tau konsekuensinya. Banyak kasus orang beli saham pake pinjol. Beli BTC, Altcoin pake utangan, uang arisan, bahkan sumbangan gereja.
my advice for you yang kena FOMO:
Miner musiman: Ketika crypto turun drastis di Januari-Februari 2022. Segera jual alat miningmu karena kamu harus menunggu 2024 untuk bisa panen. Karena ketika kamu beli mining rig sekarang harganya sudah naik berkali-kali lipat dari harga wajarnya. Perhitungkan kembali listrik yang harus kamu keluarkan, Gak BEP istilahnya. Contoh nyata Founder Rekeningku yang boncos bertahun-tahun karena nutupin biaya listrik dan beli mining rig kemahalan, baru panen akhir2 ini.
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Robot trading: Royal Q , Forex dll. Robot trading is scam, jauhi sekarang sebelum terlambat. Janji manis seller Royal Q dan robot forex profit konisten itu gak ada buktinya 100% scam. Kisah nyata banyak yg bunuh diri karena tiba-tiba assetnya hilang diaveraging oleh robot. Jangan sampai kamu jadi korbannya
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Trader Binomo, Binary option: Kamu yang baru memulai binary option, inilah saatnya dirimu keluar dari sistem jahat Judi 2.0 mungkin diawal kamu akan merasakan profit namun lama kelamaan akan susah dan tiba-tiba akun tersuspen tanpa sebab. Jelakanya gak ada yg bisa jamin akunmu balik karena Binomo dan lainnya jelas ilegal di Indonesia sehingga penyedia layanan tidak diketahui siapa.
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Trader Saham musiman via signal telegram : Saham ada bull market dan bearish market, lengkapi dirimu dengan FA dan TA tambah bandarmology juga. Investing stock is about your move, bukan orang lain. Jadi pastikan semua keputusan investasi kamu yang buat bukan orang lain.
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Trader Crypto: Bear market is coming, we need to understand what crypto still alive for next 4 Years(next halving) DCA still the best strategy for you. We will face the second Bull Run but dont fall for it to much, cause second bull run means next winter season.
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note: I hope yall getting more profit and healthy. May the Force be with you

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Hej! Har ett lite unikt problem, jag har precis kommit hem från Spanien och vill växla mina Euro till SEK så att jag faktiskt kan använda dem!
Men det verkar inte som att det finns någon som tar 500€ sedlar!! Kollar Forex, gick in på min bank, och tax free ville inte heller ta emot dem då de är så stora och kan antas att vara fake.
Har ni tips? Något ställe som tar dessa fördömda sedlarna? Jag vill gärna ha mina pengar men just nu känns det som om det bara är papper. Vet att sedeln blev testad i en av tax free affärerna på flyplatsen men de kunde inte växa då de inte hade så mycket växel...
Alla tips uppskattas! tack!!

Today was a very exciting day and I don't mean to distract from the celebrations, but I think this DD post is applicable to the steel thesis so for that reason I'm posting it today.
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Introduction:
I'm writing this post to put some information out there about how deflation of the US Dollar is a serious possibility contrary to almost every opinion online. This will have a serious affect on all commodities, some more than others. I hope to explain the implications of US Dollar deflation and its effect on steel in a way the self-proclaimed smooth brains can understand. I hope you enjoy reading this as much as I did writing it.
Quantitative Easing
First I want to talk about QE and the misconceptions associated with it. Although it is mostly a meme, money printer jokes are everywhere on reddit, twitter etc. Quantitative Easing does not actually involve high volume money printing, so when the Federal Reserve purchases Treasury securities the printer does not actually go brrrr. The increase in the Federal Reserve's holdings of Treasury securities is matched by a corresponding increase in reserve balances held by the banking system. The banking system must hold the quantity of reserve balances that the Federal Reserve creates. In expansionary monetary policy, money is moved into circulation through the purchase of short term debt securities in the open market by central banks in order to change short-term interest rates. This process is referred to as 'printing' but it is important to understand what is actually going on.
https://www.federalreserve.gov/faqs/money_12853.htm
Monetary Policy & Money Supply
The purpose of monetary policy is to stimulate the economy. Over the past year, we have witnessed expansionary monetary policy (increasing the money supply through QE) with the purpose of lowering interest rates to - you guessed it - stimulate the economy. When interest rates are low, it becomes cheaper to borrow so households are more willing to buy goods and services. Long term debt is more appealing with lower interest rates and is currently reflected by the hysteria in the real estate market.
Now I want to talk about different ways to "track" the money supply and how it relates to GDP and the velocity of money. M1 and M2 are the most common forms of monetary supply data. Both can be used to calculate the velocity of money (V=GDP/M). Simple math tells us that when M1 or M2 goes up, V will go down. Velocity has commonly been used as a way to gauge the health/activity of an economy and has therefore also been used to gauge potential inflation/deflation. For example, Corporate Finance Institute states in an article about velocity of circulation that "The velocity of circulation is a beneficial and constructive tool in ascertaining inflation levels in an economy and also in helping economists understand the overall strength of an economy."
GDP in 2020 decreased by 2.3% compared to 4.0% increase in 2019, a whooping 6.3% difference. Meanwhile, M1 skyrocketed in mid 2020 primarily due to growth in reserves generated by Fed asset purchases. I'd like to note that the Fed added savings deposits to M1 in May 2020 which was previously not included in the calculation. What are the implications of this and how does it affect inflation predictions? Well, it doesn't actually matter because velocity has never been a good measure of inflation or deflation (source).
The problem is simple: Velocity measurements do not take into account inflation in real estate, stocks, bonds, cryptos etc.
CPI does not track any of these things, so how can we rely on the numbers for such an important metric? Put simply, I believe we can't and others like Mish and Richard Duncan would agree. So now I've presented an argument that velocity is not useful in estimating inflation and that CPI/PPI should not be completely relied on because they only take into consideration a specific group of things. The world has evolved since these measurements were first adopted and we should not rely on them to measure inflation.
Neo-Fisherism and USD deflation
This topic is a bit more complicated and theoretical but presents the main argument of this post. I'm going to copy and paste what I think best summarizes the theory. If this interests you I highly suggest reading the link below. Depending on which economic theories you believe this might make you want to scream, so ~TRIGGER WARNING~ for those who this applies to:
"The key Neo-Fisherian principle is that central banks can increase inflation by increasing their nominal interest rate targets—an idea that may seem radical at first blush, as central bankers typically believe that cutting interest rates increases inflation."
https://www.stlouisfed.org/~/media/Publications/Regional%20Economist/2016/July/neo_fisherism.pdf
"Conventional central banking practice is to increase the nominal interest rate target when inflation is high relative to the inflation target and to decrease the target when inflation is low. The reasoning behind this practice is that increasing interest rates reduces spending, “cools” the economy and reduces inflation, while reducing interest rates increases spending, “heats up” the economy and increases inflation."
"Conventional wisdom is embodied in the Taylor rule, first proposed by John Taylor in 1993. Taylor’s idea is that optimal central bank behavior can be written down in the form of a rule that includes a positive response of the central bank’s nominal interest rate target to an increase in inflation."
"Taylor appears to have thought, in line with conventional central banking wisdom, that increasing the nominal interest rate will make the inflation rate go down, not up. Further, Taylor advocated a specific aggressive response of the nominal interest rate target to the inflation rate, sometimes called the Taylor principle. This principle is that the nominal interest rate should increase more than one-for-one with an increase in the inflation rate."
"Macroeconomic theory predicts that a Taylor-principle central banker will almost inevitably arrive at the “zero lower bound.”
"It turns out that, if the central bank follows the Taylor principle, then this implies that the central bank will see inflation falling and will respond to this by reducing the nominal interest rate. Then, because of the Fisher effect, this actually leads to lower inflation, causing further reductions in the nominal interest rate by the central bank and further decreases in inflation, etc. Ultimately, the central bank sets a nominal interest rate of zero, and there are no forces that will increase inflation. Effectively, the central bank becomes stuck in a low-inflation policy trap and cannot get out—unless it becomes Neo-Fisherian."
Summary
I believe the value of the USD will keep going up as long as the Federal Reserve keeps interest rates low, and Jay Powell has stated they have no intention on raising rates in the near term. Once supply for consumer goods catches up to demand I believe prices will start to settle back down. I believe commodities (excluding steel) will follow a similar pattern but maybe not as drastic as consumer goods. Commodities are proving to be very valuable right now and I really don't see that going away soon.
Look at the maximum chart on the 10-Yr Treasury Bill and tell me you really think rates are going to go up. This subreddit as a whole is fairly contrarian and I believe a long position in the USD is ironic considering we are all heavily invested in steel and commodities; but this doesn't mean both can't be profitable.
However, despite my belief the USD will continue to strengthen, I do not believe an increase in the value of the USD will negatively affect the steel thesis, which focuses on an extended supply/demand imbalance exacerbated by multi-national infrastructure plans. This imbalance will keep steel prices high for much longer than the public believes which will - I'm wasting time explaining this we already know the thesis...
I'm currently getting approved for Forex trading (never thought I'd say that) to CONSIDER starting a position long USD/SEK, sorry Swedes its nothing personal and I have Swedish ancestors so you can't get that mad. I'm still very focused on steel but want to keep my options open.
Hope you all enjoyed

Jag har några blivande kollegor på väg till Sverige, som pga olika orsaker (mest pga förhållanden i deras hemländer) kan inte förlita sig helt på kort som Wise eller Revolut, och därmed tänker ta med sig en del kontanter i form av Euro, och växla mot SEK när de anländer. De kommer vara ny i Sverige och därmed kan inte räkna med att få bankkonto på en gång, vilket begränsar möjligheterna något. Ska de bara kör till på Forex på Arlanda, eller finns det något bättre sätt?

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