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Recommended currency for trading account?
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Členom od Feb 12, 2012 14 príspevkov
k4y (KayS)
Aug 16 2012 at 22:05
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 |
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Členom od Jan 14, 2010 554 príspevkov
James_Bond
Aug 17 2012 at 09:45
Obviously Euro and USD are the top 2 choices, so at this point I would go with USD. However, if USD would crash also, I'm not sure which way to go as then the effect on the other currencies would be probably very drastic.
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Členom od Jun 06, 2012 1360 príspevkov
stevewalker (stevewalker)
Aug 17 2012 at 09:48
stay at the actual one. EURO.
it has laready lost. but nothing lost forever. it will return at some point. and when if you changed to another you will loose also at that one. hope I am clear walker. Trade the Trend, Defend to Price! |
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Členom od Nov 10, 2011 41 príspevkov
Daily Pips (DailyPips)
Aug 17 2012 at 10:50
i only like GBP. its perfect for me
Let The Profit Run |
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Členom od Jun 06, 2012 1360 príspevkov
stevewalker (stevewalker)
Aug 17 2012 at 11:01
you think EURO will gone.
 then what will happen to USD or other currencies. do you think when if EURO or USD collapse World be the same walker PureMuscle posted: stevewalker posted: stay at the actual one. EURO. it has laready lost. but nothing lost forever. it will return at some point. and when if you changed to another you will loose also at that one. hope I am clear walker. That isn't very reassuring advice... The difference between the Euro and other currencies is that there IS the possibility of it disappearing forever. You won't find that with USD, or most other currencies for that matter. Trade the Trend, Defend to Price! |
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Členom od Jun 06, 2012 1360 príspevkov
stevewalker (stevewalker)
Aug 17 2012 at 11:42
(upravené Aug 17 2012 at 11:48 )
what will happen to USD when China stop buying US Tressury Bonds ( US has >10 trillion $ debt )
there is always risk on any curr. if you are not speculator always stay your home currency ( spending currency ) if you spend by USD stay at USD if you spend in EURO stay in EURO ................... walker Trade the Trend, Defend to Price! |
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Členom od Jan 14, 2010 554 príspevkov
James_Bond
Aug 17 2012 at 12:25
If the support breaks, I would stick with USD:
 Prílohy:
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Členom od Jun 06, 2012 1360 príspevkov
stevewalker (stevewalker)
Aug 17 2012 at 12:37
guys
it we are talking about trading, yes I would do the same as James advised. but if a trader can not even make profit to cover his fund losses due to curr then why trade? walker Trade the Trend, Defend to Price! |
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Členom od Mar 22, 2010 191 príspevkov
77z3-FX.com (SaltyWaters)
Aug 17 2012 at 16:39
(upravené Aug 17 2012 at 16:40 )
If the euro goes the usd may go too and so most of the others if not all.
http://gainspainscapital.com/2012/08/06/why-europe-matters-and-how-spain-could-wipe-out-your-401k/ Only individuals have a sense of responsibility. – Nietzsche |
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Členom od Jun 06, 2012 1360 príspevkov
stevewalker (stevewalker)
Aug 17 2012 at 16:45
surprised that you are stil at spain case.
market already talking about German growth SaltyWaters posted: If the euro goes the usd may go too and so most of the others if not all. http://gainspainscapital.com/2012/08/06/why-europe-matters-and-how-spain-could-wipe-out-your-401k/ Trade the Trend, Defend to Price! |
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