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#1
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Suggest a forex pair to put 5k long term (ok maybe 6 months)
I would like to put 5k in the forex. I'm thinking short EUR/DOl or any pair against dollar. Any suggestions? |
#2
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#3
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yea i'd think the dollar ain't looking too good long term...but that could be verrrrrrryyyyyy long. way longer than 6mo and longer than you probably conceive so long as the world desires treasuries.
structually though, the dollar is in very bad shape. Barron |
#4
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So what is the best way to short the dollar as you guys recommend? I've only ever invested in US stocks/funds. Is there a special type of account you would need to make this sort of transaction (right now I have a Scottrade account)?
If I don't want to go buy Euros and hide them under my mattress, what's the best way to make this transaction? Sorry for the beginner post. |
#5
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#6
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blueman, short dollar weighted index through interactive brokers.
i'm shocked not more people use them. it really is and should be well known as the industry standard for any security. Barron |
#7
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Set your cash on fire or drop it on strippers, you'll have more fun with the same result.
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#8
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I'm not sure i agree with "short the dollar, it's in bad shape," for these reasons. First of all, simply by the principle of convergence, I'm not sure we can expect the dollar to continue to tank since it's already at 25 year lows against the Pound/Canadian Dollar. The Fed has said it plans on holding steady with interest rates for the mid-term future. I think the kicker is overseas, where they seem to be lagging on the "popping" of the housing bubble. Real estate prices have not come down as they have here, and thus it hasn't yet weighed on there economies. Once it does, and it will, foreign central banks will have to cut rates to support the economy placing upward pressure on the dollar. Of course, if you're a firm believer in the "continuing global growth story" then shorting the dollar is probably for you. However, if you're in my camp, and is expecting a global pullback, I think holding off on this bet might be a good idea.
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#9
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#10
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[ QUOTE ]
[ QUOTE ] Set your cash on fire or drop it on strippers, you'll have more fun with the same result. [/ QUOTE ] lol i dont think its possible to lose 100% of your investment if you choose currency pairs...whereas if you burn your cash, you do lose 100% [img]/images/graemlins/wink.gif[/img] is your point that forex in any capacity is a silly wager? [/ QUOTE ] i agree if his point is "huge vol 0 EV bets suck" so STRIPPERS & *instert drugof choice* work better i strongly disagree if he means literally burn money on nothing w/ any utility. Barron |
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