When trading currencies if the VALUE of the american dollar decreases(drops) does this mean you should "automatically" buy up more of the foreign currency you have invested in
2006-11-04 06:27:01 · 5 answers · asked by westphalia1 2 in Business & Finance ➔ Investing
Who knows and any one that tells you that they do is not telling the truth. I have looked at 100's of websites on forex. The only way I know of to make money in the forex market is called hedging. Buying either pound/dollar against the dollar/yen in a certain ratio and then collecting interest on a daily basis and selling when one is stronger than the other. Since they move in opposite directions for the most part you will be positive some of the time and when your negative you are collecting interest at better than mutual fund rates. And you don't have to watch the market 24/6. I have made over 800 in 30 days on 3000 dollar balance doing this. I learned it from a company called FreedomRocks. you can find them at www.freedominforex.com.
2006-11-04 09:37:24 · answer #1 · answered by Blanston 2 · 0⤊ 0⤋
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2006-11-05 00:52:55 · answer #2 · answered by stock.geek 2 · 0⤊ 0⤋
Hello,
I completely agree with wanting to invest your money. Afterall, what's the point of making money if you can't make more money with your money (got that?)? Anyway, I've tried all different investments from stocks and bonds to IRA's, 401k's, and real estate. I'm really a big fan of diversification.
However, the only investment I've really been happy with so far is real estate. Over the past 5 years, I've bought 3 different properties (all have tenants, and I'm making more than the mortgage payments on 2 properties).
The 3rd property I got was using Carleton Sheets no money down methodology (he's a GURU in real estate, and yes, his methods do work!). You can actually buy a property for absolutely nothing down (NO MONEY FROM YOUR OWN POCKET). I payed over $500 for his course 3 years ago, and I just saw it online for $9.95!!!! This is a steal at $9.95 (I'm actually going to buy it for my friends for Christmas). It was featured on TV, so I got the website from there.
Before you invest in anything, I highly suggest the Carleton sheets course. http://www.alllsite.info/real-estate.php
2006-11-05 02:15:39 · answer #3 · answered by uman614 3 · 0⤊ 1⤋
Only if you think that the dollar will continue to drop...
2006-11-04 07:00:53 · answer #4 · answered by NC 7 · 1⤊ 0⤋
yes for the short term.......dont do it for long term
and try to find hints which will show that the currency will fall....
2006-11-04 06:39:57 · answer #5 · answered by mahantesh a 2 · 0⤊ 0⤋