with the american dollar falling and bush about to make it drop even more would it be wise to invest in chinese yen? especially considering their economy is booming.
if so.. how would you do this? is there a way to do it without paying some one else to help you? or to do it for you… cut out the middle man..
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May 27th, 2008 at 5:27 am
There's This Program Called Forex AutoPilot. Its a forex trading program that actually has automated bots that trade your money for you when the price is at it's highest trading point. Iv tried it myself and it really does save me time.
Here's the link:
http://frigithead.forexrobot.hop.clickbank.net/?tid=YAFOREX
May 27th, 2008 at 5:27 am
The reason why the economy is doing horribly is because people are investing in anti american countries. If you make some money doing that, then you might as well go live there. I live in Thailand, a democratic country that doesnt want to destroy my home land. You should invest somewhere else if you have any morals. Try domain investing http://www.richkits.com/domains and compare that to forex and then you decide which is more profitable and faster money. I day trade dow stocks on a regular basis and just because the market is doing so well doesnt mean you cant make a profit if you teach yourself how to make money in a down trend. I actually do better when the markets not doing so great. Not to jinx myself though.
May 27th, 2008 at 5:27 am
There is no direct way to invest in the Chinese yen that I am aware of. Also the yen is somewhat a pegged currency. There is a way you can trade the yen indirectly and also at the same time bet on the booming Chinese economy. That is to buy Chinese stocks which are denominated in the Chinese currency. There are three ways you can do this. Certain Chinese stocks are traded as ADRs such as CHL, ACH, TSL, etc. These can be purchased on the U S stock exchanges. There are also mutual funds that hold only Chinese stocks, both closed end and open end. Among the closed end are TDF and CHN and CAF.
CAF is somewhat unusual in that it hold only Chinese A shares which individuals outside of China can not buy. There are others and even index funds such as FXI, PGJ, and GXC.
The 3rd way is to open an account with a broker that allows you to trade on the Hong Kong exchange such as Interactive Brokers. Chinese H shares are traded on that exchange.
May 27th, 2008 at 5:27 am
You are still a novice in foreign exchange business. You need to be well trained before venturing into it. Of course there is big money in forex, I earn $1000 daily through it and i started with just $50. I will guide you on how to go about it, click http://easysolar.blogspot.com