Friday, September 14, 2007

What currency would you recommend buying on the FOREX? -

All the major currencies seem to have gone down this year rather similarly what currency do you think is more likely to strengthen? thanks!! :D I m buying USD for the medium and long term against EUR and GBP. The EUR/USD bubble has finally ended, so I believe the USD will keep raising. From what I see, Buy USD for long-term as in 3 month period. But don t spot on forex. Rather Buy an Options for it. Example: on EUR/USD Long a PUT Options on eur/usd and premium need to pay is only 0.563 for 3 months. After 3 months if the USD strengthen, you will be profitable. If the USD weaken, then you only need pay for the premium, which is 0.563 % US market will be very unstable nowdays, which is good for currency for now and future (3Months). And for import and export will be expensive for the merchants. USD/EUR is used to trade ,but we can t say that ,which is one is better,u have to check all the currency combinations . I bought the New EA for Metatrader4 call Fap Turbo and EUR/USD is their recommendation and made little profit today. I will try more on Next Week but EUR/GBP is good as well.

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