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Recommended currency for trading account?

k4y (KayS)
Aug 16 2012 at 22:05
63 posts
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

James_Bond
Aug 17 2012 at 09:45
556 posts
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.

stevewalker
stevewalker
Aug 17 2012 at 09:48
1439 posts
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.


Dimensioner (Dimensi)
Aug 17 2012 at 10:50
48 posts
i only like GBP. its perfect for me

stevewalker
stevewalker
Aug 17 2012 at 11:01
1439 posts
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.

stevewalker
stevewalker
Aug 17 2012 at 11:42
1439 posts
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

James_Bond
Aug 17 2012 at 12:25
556 posts
If the support breaks, I would stick with USD:



Attachments:


stevewalker
stevewalker
Aug 17 2012 at 12:37
1439 posts
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

SaltyWaters
Aug 17 2012 at 16:39
247 posts
stevewalker
stevewalker
Aug 17 2012 at 16:45
1439 posts
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.

https://gainspainscapital.com/2012/08/06/why-europe-matters-and-how-spain-could-wipe-out-your-401k/

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