I have been too busy this week to watch the majors as closely as I'd like. I'm long the Oil ETF (USO), and that's doing what I want it to so far....
They trade just like stocks. Sometimes they lag a little behind the price that they're supposed to be tracking - especially the commodity ETFs -...
Besides currency, I also trade stocks and ETFs to some extent. As for currencies, I trade the EUR/USD mostly, but I also watch - and sometimes...
I use IB. I've heard good and bad things about IB, but I like them. The fx spreads are reasonable and the commissions in general are low. I've...
Quick question: what fx broker are you using?
Good point; I've actually already begun a gold-buying campaign. Oil is another thing - no idea where I would store that, but I wouldn't mind...
Of course it would - but you're going to have to store your money in some form, and it wouldn't be good to make a lot of currency X by trading,...
The point is that, unless Ganndude is right - and I hope he is - and the dollar's going to enjoy a longer rally, we're all going to have to...
Right, right, but first I'd have to acquire it, then store it for no interest - but then again that is always a last resort option.
Very good; thank you very much.
While everyone is assembled here at once, I have a general question: does anyone know how I can store physical currency - non-USD currency -...
Another question for you, by the way: if you feel that the EUR/USD has turned around, then you must also feel that the US dollar (in general) is...
Well, it's really no different than trading a stock, in a practical sense. You can trade it exactly as you would a stock. If we're talking about...
I got short USD/CAD when it broke 1.1 - that's been a good trade; wish I was in it sooner. I'm also long some US stock ETFs ... don't have time to...
Understood.
When you say "this reaction to the downtrend", you mean what exactly - today's move upward, which started at 04:30 (EST) ?
Yeah, it's VERY scary - it's the whole reason that I got into currency trading. Originally, I just wanted to simply hedge against the dollar going...
Still, the thought that the EUR/USD will break below the trendline has crossed my mind - but I hadn't considered it seriously enough. Now, I'm...
And then, even longer-term, you have - and who knows what if anything will come of this, but - the talk of pricing oil in euros instead of...
Good point; technically, we did fail the old high, what could be a double-top is forming. The economic forces at work, though, make it hard for me...
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