Originated from
AOL Coaches
65 thumbs up

Investing In Foreign Currency

Hi, I'm looking to invest in foreign currency. What currency would you advise me to invest in?


Would you like to answer or comment?

Sign up for a free account, or sign in (if you're already a member).
  • 966 views
Share Send to a friend Watch Report
 
 

Posted Answers

Order by
 
1 thumb up

Ask more about the EREGEX business revolution!

How to secure legally your transactions from any computer or mobile phone and PDA (Window Mobile) around the world?

We have a few Members of the 1000Club Private business network who are account managers for FOREX. One of them, guarantees the capital + 2% per month on his own personal assets. He produces an average over 5% per month net return for his customers. The customer' account is opened in DUKASKOPY (Switzerland).

Skype me @ biz1000club

or write at finances [ at ] 1000 [ dot ] com


Posted 8 months ago ( permalink )
In reply to Christian's question
1000Club was invited by Yedda to answer this question.

Rated as
Best Answer
0
2

Helpful?

line
line
line



 

First, I am hoping that you have some fundamental investment strategies completed in place.

Next are foreign currencies.  Foreign currencies are not invested for long terms strategies, except in rare cases, or for using such currencies to their home markets where you have a lot of business and will be using the cash.

The best strategy is to buy foreign currencies that are on the rise for at least 52 days of strength with the appropriate margin that you are looking for.  Use a foreign trading discount brokerage that has the tools for this.  Remember, that you are doing this on volume, so small amounts of currency will not serve you well.

But I would be doing you a disservice if I mentioned a specific currency.  Why?  I do not currently have any holdings in any foreign currencies at this point.

Best of luck.


Posted 8 months ago ( permalink )
In reply to Christian's question
JtotheA was invited by Yedda to answer this question.

Rated as
#2 out of 4
0
1

Helpful?

line
line
line



 
2 thumbs up

If you would like to be involve in forex, i suggest you to educate yourself first.. Babypips.com is a good way for you to learn.. Study, learn and grasp everything what you read.. It would be tackled there on what's the best currency to invest with..Try to research on google about a certain topic you wanted to get a further knowledge and it's a good start for you.. 

Good luck to you!

Trade Forex


Posted 8 months ago ( permalink )
In reply to Christian's question
Rated as
#3 out of 4
0
0

Helpful?

line
line
line



 


You can invest in these trades as it may provide you great trading opportunity.
 
EUR/JPY
short position at 150.10
stop loss above 150.70 (-60 pips)
targets are 148.70 (+140 pips) 147.80 (+230 pips)

GBP/USD
short position at 1.7510
stop loss above 1.7560 (-50 pips)
targets are 1.7420 (+90 pips) 1.7350 (+160 pips)

EUR/USD
short position at 1.3970
stop loss above 1.4030 (-60 pips)
targets are 1.3900 (+70 pips) 1.3850 (+120 pips)

USD/CHF
long position at 1.1360
stop loss below 1.1320 (-40 pips)
targets are 1.1450 (+90 pips) 1.1500 (+140 pips) 1.1600 (+240 pips)
 
Get more recommendations here.
 
Regards


Posted 23 days ago ( permalink )
In reply to Christian's question
Rated as
#4 out of 4
0
0

Helpful?

line
line
line



Sign in to participate

Got an answer for Christian? Would you like to comment on the posted answers, or vote for the one which you think is the best?

Sign up for a free account, or sign in (if you're already a member).

Explore Related Questions

Other people asked questions on similar topics, check out the answers they received:


Investing in blogs

Is there a way to invest in blogs? If some blogs are worth millions, I figure there's an investment opportunity.
Submitted by Jonesy 7 months ago
  • viewed 205 times

Last answer posted 7 months ago by valhallas


Foreign Currency To Invest In

Is this a good time to invest in a very weak currency like the the Iraqi dinar? I am looking for some foreing currency to invest ...
Submitted by Michaeluber 9 months ago
  • viewed 717 times

Last answer posted 8 months ago by tradingbaby


Currency

Dollar is not as strong as it used to be . What would be a good and stable currency to invest in?
Submitted by Sky11 8 months ago
  • viewed 439 times

Last answer posted 8 months ago by gabriwa
Asked about "Money on AOL Coaches"



»