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1. Open a stock broker account Find a good online stock broker and open an account. 2. Read books. 3. Read articles 4. Find a mentor 5. Study the greats 6. Read and follow the market 7. Consider paid subscriptions.

A broker is simply a person who is licensed to trade stocks through the exchange. A broker can be on the trading floor or can make trades by phone or electronically. An exchange is like a warehouse in which people buy and sell stocks. A person or computer must match each buy order to a sell order, and vice versa.

On average, at a bank you lose 8 percent when you change dollars to euros or another foreign currency. When you use currency exchange booths such as Forex or Travelex at the airport, you lose around 15 percent. If you must change cash in Europe, the postal banks inside post offices usually have the best rate.

A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for a given equity. These points, known as signals, are often marked on a chart in real time and prompt the immediate execution of a trade.

To calculate the percentage discrepancy, take the difference between the two exchange rates, and divide it by the market exchange rate: 1.12 - 1.0950 = 0.025/1.0950 = 0.023. Multiply by 100 to get the percentage markup: 0.023 x 100 = 2.23%. A markup will also be present if converting U.S. dollars to Canadian dollars.

Calculator: 1) Decide how much Euro currency you want to convert. 2)Visit the Exchange Rates website to find out the exchange rate for the current day.  3)Multiply the number of Euro currency you have by the U.S. dollar currency rate. 4)Visit a local currency exchange or bank to exchange the Euros to U.S. dollars.