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| Yes! Microsoft, hear us! I have been searching for this functionality in a piece of software for the last 12 months. I just don't have the time to manually input price histories into Excel and track everything. This is why we buy software to do it for us, and as far as I know, you have the chance to be the FIRST on the market to offer Forex investment tracking software that does NOT require the user to have a trading account with the software provider. My bank gives me very good spreads, I can keep my forex investments together with my general savings (easily transferring between), and hence I do not have the desire to open a 3rd party forex trading account somewhere else just so I can get some half decent software to track it. Especially when MS Money is so close to being there! You have included support for those who trade stocks and hold stock portfolios. Please allow us to include Forex trading in our investment portfolios! Show us our P&Ls. Give us Price history so we can chart the past performance of our currency portfolio. There are NOT that many currencies to track as compared with Equity securities. I'm sure one of your programmers could add them in no time at all..... Ummm... my bank also lets me buy and sell gold... Well, on paper at least... Would be great if we could track a few basic commoditites as well, but all we really ask for is currency trading profit and loss capabilities. "2pac" <cal_2pac[at]yahoo.com> wrote in message news:d04df644.0411121003.379b6a1f[at]posting.google.com... - quote - > I am facing a problem regarding tracking my net gain / loss when I > make transactions in different currencies > The problem can be described thus: > Assume that the user has two bank accounts - bank account A and bank > account B - A being in USD > and B in Euro. > Now on Date X , a transfer is made from A to B. I downloaded > statements from both banks into MS money. > Both will show the transactions in their respective currencies. Say > for $1000 transfer, B shows > Euro 500 > On Date Y, I see the total value of both the accounts taken together > as $1100(assuming Euro has appreciated against dollar) > and MS money takes the currency exchange rate on date Y > In effect, I have made a gain of $100. > However, this fact does not get recorded anywhee(or at least is not > explicit) > I tried to resolve the problem by trying to incluede both accounts as > a part of my investment > portfolio with the currency exchange rate as a ticker symbol(yahoo > does it that way ie. it treats > the exchange rate similar to a stock so that currency trading becomes > equivalent to a stock transaction > eg. USDGBP=X for USD vs British Pound) > However, money does not provide a way to get currency exchange rate > that way > Is there any other way to track the gain / loss? |
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| I am facing a problem regarding tracking my net gain / loss when I make transactions in different currencies The problem can be described thus: Assume that the user has two bank accounts - bank account A and bank account B - A being in USD and B in Euro. Now on Date X , a transfer is made from A to B. I downloaded statements from both banks into MS money. Both will show the transactions in their respective currencies. Say for $1000 transfer, B shows Euro 500 On Date Y, I see the total value of both the accounts taken together as $1100(assuming Euro has appreciated against dollar) and MS money takes the currency exchange rate on date Y In effect, I have made a gain of $100. However, this fact does not get recorded anywhee(or at least is not explicit) I tried to resolve the problem by trying to incluede both accounts as a part of my investment portfolio with the currency exchange rate as a ticker symbol(yahoo does it that way ie. it treats the exchange rate similar to a stock so that currency trading becomes equivalent to a stock transaction eg. USDGBP=X for USD vs British Pound) However, money does not provide a way to get currency exchange rate that way Is there any other way to track the gain / loss? |
| Tags |
| currency, effects, problem, tracking, trading |
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