What Currency is the best to buy right now?
Sunday, July 5th, 2009 at
3:20 pm
Mr. G. asked:
I just opened a Forex currency trading account. I have been trading stocks and options for a number of years. I was thinking of moving into the Euro from the dollar because I am concerned about U.S. Dollar weakness moving forward but I see that the Euro is trading at 1.32 to the U.S. dollar now, that is nearly an all time high. Anyone here trade currencies? What currency is the best to buy right now?
There are no commissions. I am somewhat familiar with currency markets and I was asking for opinions not condescending put downs so the first two answers are uncalled for.
I just opened a Forex currency trading account. I have been trading stocks and options for a number of years. I was thinking of moving into the Euro from the dollar because I am concerned about U.S. Dollar weakness moving forward but I see that the Euro is trading at 1.32 to the U.S. dollar now, that is nearly an all time high. Anyone here trade currencies? What currency is the best to buy right now?
There are no commissions. I am somewhat familiar with currency markets and I was asking for opinions not condescending put downs so the first two answers are uncalled for.
Tagged with: Euro Dollar • Put Downs • Two Answers
Filed under: Forex
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If you have to ask, don’t trade forex, you will be eaten alive.
Knowledge of stocks and options does not imply proficiency in currency trading. Like the previous responder, I agree that if you have to ask, you’re going to get eaten alive — if not by the commissions then by the spread.
no body in the world know, just like no body predict 9-11
assume i am right
china currency rmb
canada it may go to 1 dollar us to 1 dollar canada
and euro
best of luck,,,
“The Economist” predicts that the Chinese Yuan is going to continue appreciating in value.
Stay away from the Yuan…you’re asking for trouble with the Chinese since that will always be a “pegged” currency (since the Chinese don’t want to unpeg it for whatever sinister reasons they have). The Euro has nowhere to go but down from 1.32.
If it was me, I’d put it into the Yen instead.
I don’t trade currencies, but a friend of mine does…he’s got most of it in Yen.
The best currency to trade is the Euro and the UK Sterling!
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