View Single Post
Old 11-24-2004, 04:43 AM  
davidd
Confirmed User
 
Industry Role:
Join Date: Jul 2003
Posts: 1,076
Forex

You could double that $50K quickly, by quickly, I mean within 30 to 60 days.

We are living in a very good time for currency trading. The dollar is heading in one direction, fast.

Bookmark this post, and this advice, "Go long ANYTHING that is not the USD"

With a good forex account you can leverage your money 10x. So your $50K trades at $500K, a 10% move on $500K is $50K. So if the dollar slips another 10% you just doubled your money.

I have been long the Euro/AUD/NZD since mid 2000. I will not buy my USD's back anytime soon.

-dd
davidd is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote