Discussion of Forex Trading and Currency Trading

With the financial crisis, whats a good currency to trade against the US dollar? (Either buy or sale)?

I’m thinking about the forex market and believe it may now be a good time to buy or sale currency pair. What currency pair would you recommend to trade and in what direction (buy/sale?)

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This entry was posted on Monday, November 24th, 2008 at 6:51 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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4 Responses to “With the financial crisis, whats a good currency to trade against the US dollar? (Either buy or sale)?”

  1. vicky 3 Says:
    November 24th, 2008 at 6:51 am

    i would say its safe for u to do it in Euro and sterling pounds!! and much safer to go for dinars(kuwaiti)

  2. James K Says:
    November 24th, 2008 at 6:51 am

    If you’re looking to get started in Forex, then there’s a nice free ebook you can download at http://www.forexfromscratch.com

    It gives you a 5-step beginner’s guide on how to profit from Forex - showing you how to do stuff like set up a demo account and get trading live.

    I highly recommend it - and it’s free.

  3. iluv2tradestks Says:
    November 24th, 2008 at 6:51 am

    With the US dollar strengthening against the pound and the euro, you are really gambling. If you had Euros, or Pounds, you would want to be buying dollars.. Your thinking is good, but I think you are swimming against stream right now. A lot of global money is flowing into the US because their money is safer in greenbacks.

  4. kakashihatake2510 Says:
    November 24th, 2008 at 6:51 am

    I also think that buying the lower priced currency is better like euro and pound.

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