Go Long

Discussion in 'Forex' started by oldtime, Aug 15, 2011.

  1. So you're sitting in the good old USA on a pile of cash. And after reading posts on ET you determine that CHF is going to rally.

    So you close your bank account, hop on a plane to Switzerland and the first thing you do is open a bank account. At first the rent on your little apartment seems astronomical, but who cares? Compared to what you would have had in your old USA bank you are now making money in your new Swiss account.

    Then after a while after again reading posts on ET, you determine the YEN is about to make a move. So you kiss your Swiss landlady goodbye and hop a plane to Tokiyo. Same thing. Man it's crowded here.

    Then an intelligent poster on ET informs you NZD looks good. Finally, just a short hop to New Zealand, ah, this is nice, a little room over a sheep barn.

    oldtime they ask, I never see you work, how do you make your money?

    I'm a currency trader.

    What's your secret?

    Always go long.

    Well the dollar is rallying, time to go home.
  2. I pay $9.99 at eTrade. You're in for airfare, limo to/from airport, apartment deposit, furniture shipping..
  3. Your mum always goes long.. :D