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Recommended currency for trading account?
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Member Since Mar 22, 2010 191 posts
77z3-FX.com (SaltyWaters)
Aug 17 2012 at 16:50
Things are not solved yet, even though they may want you to believe it that way.
Only individuals have a sense of responsibility. – Nietzsche |
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Member Since Jun 06, 2012 1360 posts
stevewalker (stevewalker)
Aug 17 2012 at 16:54
(edited Aug 17 2012 at 16:54 )
spain is peanut.
see what will happen when german growth drop. on the other hand the biggest problem is US with > 10 trillion $ debt. dont forget this crises started from US banks. walker SaltyWaters posted: Things are not solved yet, even though they may want you to believe it that way. Trade the Trend, Defend to Price! |
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Member Since Mar 22, 2010 191 posts
77z3-FX.com (SaltyWaters)
Aug 17 2012 at 17:02
Spain is peanuts but according to the guy who wrote this article on August 6, 2012 - not me I'm not a market analyst
 'Spain could potentially take down the banking system in Europe, which would mean the US facing a Financial Crisis at least on par with 2008.' In any case I still believe the best place to put your money at the moment is 'land' Cheers. Only individuals have a sense of responsibility. – Nietzsche |
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Member Since Jun 06, 2012 1360 posts
stevewalker (stevewalker)
Aug 17 2012 at 17:05
'In any case I still believe the best place to put your money at the moment is 'land''
agreed SaltyWaters posted: Spain is peanuts but according to the guy who wrote this article on August 6, 2012 - not me I'm not a market analyst 'Spain could potentially take down the banking system in Europe, which would mean the US facing a Financial Crisis at least on par with 2008.' In any case I still believe the best place to put your money at the moment is 'land' Cheers. Trade the Trend, Defend to Price! |
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Member Since Feb 12, 2012 14 posts
k4y (KayS)
Aug 18 2012 at 01:43
(edited Aug 18 2012 at 01:43 )
James_Bond posted:
If the support breaks, I would stick with USD:  I was looking at that chart as well and saw the actual price near support level. I live in Greece and there is a lot of talk about Greece, that it will finally exit the Euro Zone (some say it might even happen as early as next month). My concern is that the Euro might crash in case of a 'Grexit' which would make it break the support level and plunge quite low. I also know about the economic situation in the US and would rather not have USD as my account currency. The question actually is, IF the Euro crashes, which other currency or currencies are more stable and would be less negatively affected by such a crash. Kay |
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Member Since Feb 12, 2012 14 posts
k4y (KayS)
Aug 18 2012 at 01:46
stevewalker posted:
'In any case I still believe the best place to put your money at the moment is 'land'' agreed SaltyWaters posted: Spain is peanuts but according to the guy who wrote this article on August 6, 2012 - not me I'm not a market analyst 'Spain could potentially take down the banking system in Europe, which would mean the US facing a Financial Crisis at least on par with 2008.' In any case I still believe the best place to put your money at the moment is 'land' Cheers. I agree too. But unfortunately I can't select 'land' as my account currency  |
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Member Since Mar 22, 2010 191 posts
77z3-FX.com (SaltyWaters)
Aug 18 2012 at 02:15
I see! Your platform must be out of date because mine has it. Just got 50 acres Ocean view in Greece!
Since Drachmas is out of question I would say CAD is a good choice. Cheers. Only individuals have a sense of responsibility. – Nietzsche |
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Member Since Jan 14, 2010 554 posts
James_Bond
Aug 19 2012 at 12:27
KayS posted:
The question actually is, IF the Euro crashes, which other currency or currencies are more stable and would be less negatively affected by such a crash. Kay I don't think there will be a currency which isn't affected by a Euro meltdown - there would be most likely those who're affected less, however all currencies should be affected. This is quite a scary scenario to have. |
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Member Since May 30, 2012 129 posts
Financialarts
Sep 18 2012 at 15:01
James_Bond posted:
KayS posted: The question actually is, IF the Euro crashes, which other currency or currencies are more stable and would be less negatively affected by such a crash. Kay I don't think there will be a currency which isn't affected by a Euro meltdown - there would be most likely those who're affected less, however all currencies should be affected. This is quite a scary scenario to have. true, solution: 1 currency for the entire world. That way, we can all crash together at the same rate :) I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^ |
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Member Since Jun 21, 2012 11 posts
FTP (RD123)
Sep 22 2012 at 17:19
This is a lazy question. You can make money from any currency pair. You need to briefly review all currency pairs and monitor which ones appear to have a good amount of recent volume.
When you see one that looks like it will be making some significant size moves, trade it. It really isn't that hard to figure out. You have to do the work yourself. KayS posted: Hi folks, If you have deeper long-term fundamental knowledge, I'd like to hear your recommendation for what currency one should hold his trading account in these days. My broker offers the following currencies for trading accounts: AUD, USD, EUR, GBP, NZD, JPY, CHF, SGD. Until now I held my account in EUR but I'm afraid my capital will further loose value due to the continuing euro crisis. I thought about CHF or JPY. What do you think about these two? In case of a Euro crash, would CHF be negatively affected or not? Thanks. Kay It's not the market. It's not the spread. It's not slippage. It's not the broker. It's not the system. It's YOU. Once you stop whining and making excuses, you can start winning. |
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