I want to know any currency worth buying for long term. Please don't say the falling dollar.
2007-03-08 22:32:35 · 2 answers · asked by al 3 in Business & Finance ➔ Other - Business & Finance
Al,
I have found the best currencies to be trading for the long term, by far, would be EUR/USD and the USD/CHF. I strongly believe in the long term aspect of forex trading. It is unfortunate, the amount of people that think forex is a get rich quick trade. I guess it could be if you want to risk trading the yen at 30% margin. I have been trading the pair I showed earlier at 10 % for quite a while now and have experienced an average monthly ROI of 12.17% with the 500 day profit at 203.16 %.
Now if you want to involve a little risk I can say that my other account has experienced a much larger ROI. It is my triple
EUR/USD, GBP/USD, USD/JPY also at 10% margin. I was surprised to find my 500 day results. 31.08% average monthly and a 500 day at a whopping 518.97% ROI. Not bad for long term. Try and find a Roth IRA that pays that.
Now of course I must tell you I have been using the FreedomRocks system and based on my results do not plan on stopping anytime soon.
I would be happy to send you my spreadsheet if you would like more in depth info. Just send me an e-mail and I will get it to you.
Best wishes,
Brandon Wells
877-773-5345
http://www.yourforexinvestor.com
2007-03-11 20:05:50 · answer #1 · answered by yourforexinvestor 2 · 1⤊ 2⤋
China's currency, India's currency. any country that has a booming industry base is a safe bet.
2007-03-10 14:37:23 · answer #2 · answered by brian c 5 · 0⤊ 0⤋