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Recommended currency for trading account?

SaltyWaters
Aug 17 2012 at 16:50
247 posts
Things are not solved yet, even though they may want you to believe it that way.

stevewalker
stevewalker
Aug 17 2012 at 16:54
1439 posts
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.

SaltyWaters
Aug 17 2012 at 17:02
247 posts
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.

stevewalker
stevewalker
Aug 17 2012 at 17:05
1439 posts
'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.

KayS (KayS)
Aug 18 2012 at 01:43
63 posts
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

KayS (KayS)
Aug 18 2012 at 01:46
63 posts
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 😁

SaltyWaters
Aug 18 2012 at 02:15
247 posts
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.

James_Bond
Aug 19 2012 at 12:27
556 posts
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.

Financialarts
Sep 18 2012 at 15:01
134 posts
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! ^^
RD123 (RD123)
Sep 22 2012 at 17:19
12 posts
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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