is right now a good time to to trade currency?
January 29th, 2009
mocha frap asked:
im sure everyone knows the US dollar is falling, is this the window of opportunity that we wouldnt want to miss? please get back to me with your insight and why you think so
FAAITA
im sure everyone knows the US dollar is falling, is this the window of opportunity that we wouldnt want to miss? please get back to me with your insight and why you think so
FAAITA
Don’t invest in what has been doing well…invest in what’s going to do well. If everyone knows it like you said–you’ve missed the boat. The best way to make money is to invest in what’s not hot right now. Look at everyone getting killed in real estate right now–it’s a simple case of being late to the party. The same is likely to happen in currency, commodities, and anything else that has performed exceptionally well recently.
Yes.
Buy EUR and GBP.
The dollar always bounces back so dont be too hasty.