Re: Suggest a forex pair to put 5k long term
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Could you list an example of a dollar weighted index? For example: I found XSP which seems to be an ishares S&P fund weighted to the Canadian dollar. I'm assuming then that the standard S&P fund would be weighted to the dollar??
Sorry. Forex trading is totally new to me. Just trying to learn a bit more about this. Interactive Brokers looks like a good service.
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go to interactive brokers.com and find the trade weighted dollar index.
anyways, this is only if you really feel comfortable gambling (and losing) 5k since developed world currencies are a zero (or negative when you include transaction costs & the "cost" of volatility) sum game.
i.e. you gain nothing long term and do not get paid to experience that volatility. strippers are likely far more fun as NoD said.
Barron
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