Recommended currency for trading account?
Aug 16, 2012 at 22:05
2,210 Tampilan
17 Balasan
Menjadi Anggota Sejak Feb 12, 2012
62 postingan
Aug 16, 2012 at 22:05
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
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
Menjadi Anggota Sejak Jan 14, 2010
541 postingan
Aug 17, 2012 at 09:45
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.
forex_trader_79941
Menjadi Anggota Sejak Jun 06, 2012
1434 postingan
Aug 17, 2012 at 09:48
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.
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.
Menjadi Anggota Sejak Nov 10, 2011
46 postingan
Aug 17, 2012 at 10:50
i only like GBP. its perfect for me
forex_trader_79941
Menjadi Anggota Sejak Jun 06, 2012
1434 postingan
Aug 17, 2012 at 11:01
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
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.
forex_trader_79941
Menjadi Anggota Sejak Jun 06, 2012
1434 postingan
Aug 17, 2012 at 11:42
(diedit Aug 17, 2012 at 11:48 yang lalu)
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
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
Menjadi Anggota Sejak Jan 14, 2010
541 postingan
Aug 17, 2012 at 12:25
If the support breaks, I would stick with USD:
Lampiran:
forex_trader_79941
Menjadi Anggota Sejak Jun 06, 2012
1434 postingan
Aug 17, 2012 at 12:37
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
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
forex_trader_79941
Menjadi Anggota Sejak Jun 06, 2012
1434 postingan
Aug 17, 2012 at 16:45
surprised that you are stil at spain case.
market already talking about German growth
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/
forex_trader_79941
Menjadi Anggota Sejak Jun 06, 2012
1434 postingan
Aug 17, 2012 at 16:54
(diedit Aug 17, 2012 at 16:54 yang lalu)
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
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.
forex_trader_79941
Menjadi Anggota Sejak Jun 06, 2012
1434 postingan
Aug 17, 2012 at 17:05
"In any case I still believe the best place to put your money at the moment is "land""
agreed
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.
Menjadi Anggota Sejak Feb 12, 2012
62 postingan
Aug 18, 2012 at 01:43
(diedit Aug 18, 2012 at 01:43 yang lalu)
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
Menjadi Anggota Sejak Feb 12, 2012
62 postingan
Aug 18, 2012 at 01:46
stevewalker posted:"In any case I still believe the best place to put your money at the moment is "land""
agreedSaltyWaters 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 😁
Menjadi Anggota Sejak Jan 14, 2010
541 postingan
Aug 19, 2012 at 12:27
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.
Menjadi Anggota Sejak May 30, 2012
124 postingan
Sep 18, 2012 at 15:01
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! ^^
Menjadi Anggota Sejak Jun 21, 2012
12 postingan
Sep 22, 2012 at 17:19
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.
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.
Menjadi Anggota Sejak Oct 12, 2012
4 postingan
Oct 12, 2012 at 19:23
If one day the euro crashes, there would be NO safe currencies left. Everybody will be flocking to gold. For the time being, holding some CHF will be good if you are REALLY concerned about the erosion of value in your euro.
Good trading!
Good trading!
Menjadi Anggota Sejak Jan 14, 2010
541 postingan
Oct 13, 2012 at 11:08
Auroea posted:
If one day the euro crashes, there would be NO safe currencies left. Everybody will be flocking to gold. For the time being, holding some CHF will be good if you are REALLY concerned about the erosion of value in your euro.
Good trading!
I agree, however even if that happens you can't know how long will it take and when to switch to gold. In the end, no currency is safe, not even gold.
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